LONDON — Harrods is feeling the pinch just like every other retailer — partially thanks to some capital spending at the famed London department store.
In a report filed last week at London’s Companies House — the British equivalent of the Securities and Exchange Commission — Harrods reported that net profits fell 19.4 percent to 27.4 million pounds, or $49.5 million, in the year to Jan. 31 from 34 million pounds, or $61.5 million, in the same period last year, partly as a result of exceptional items including a charge of 2.5 million pounds, or $4.5 million, to repair the store’s terra-cotta facade. The company also spent 24 million pounds, or $43 million, on fixtures and fittings during the year, which included refurbishing its homewares area and opening a Champagne bar. The store will complete its 18-month project to renew its men’s wear floors this year.
Steve Aoki held a presentation, a runway show and outdoor concert for his men's line Dim Mak. Here's a look from his spring 2018 collection, which was titled "Paradise Found." #wwdfashion #wwdmens (📷: George Chinsee)
"It's really hard sometimes. I think I have a reputation for being really tough and aggressive and pushy but I really am a very shy person who wants to be liked, and that's the conflict constantly. There's something that takes hold - I want people to like me, I don't want to be mean - but if I see something that just cries out to be answered, I go for it," says renowned NBC News correspondent Andrea Mitchell. (📷: @axeldupeux)