Selfridges profit boosted

UPMARKET department store Selfridges broke through the £100m profit level last year as wealthy tourists kept the tills ringing.

Figures due to be filed at Companies House this week will show a trading profit of £107m for last year, which was the store’s 100th year of trading.

The figures are up 21 per cent from 2008, on sales of £864m.

The group, which is owned by Canadian billionaire Galen Weston, has stores in London, Manchester and Birmingham.

Chief executive Paul Kelly predicted strong Christmas trading, boosted by the store’s new £20m shoe gallery in London and a seasonal features including the “kidult” store which stocks toys designed for sale to adults rather than children.