Net worth of Selfridges Retail Limited in the UK from 2011-2023

Selfridges is one of the oldest department stores in the United Kingdom. Now with a net worth of 38.6 million British pounds, the retailer has been in business more than a century. The company has only four Selfridges & Co. department stores across the UK. In 2023 the company had a monthly average of more than 3,100 employees.

Difficult times

As shown in this statistic, Selfridges maintained a steady financial position up until 2019 with a general upwards trend in their net worth. This is reflected in the company's annual revenue, which consistently increased until February 2020. However, the company's net worth peaked in 2018 and since then has fallen drastically, to a value almost one tenth of the size in 2023.

Competitors

As a result of these difficult times, established retailers like Debenhams and House of Fraser had to shut down many of their stores before being saved from bankruptcy by Mike Ashley’s Sports Direct. In such a turbulent trading environment. The leader in the luxury department store market is Harrods, which has a significantly higher net worth than Selfridges.