A leading retail analyst has said that the full-year performance of upmarket retailer Fortnum & Mason, which saw profits rise 26% in the full-year to July 14, indicates the resilience of trading at the upper end of the market.
Emily Salter, retail analyst at GlobalData, was commenting as Fortnum & Mason posted a 12% increase in sales, to £138 million (€161.6 million), with its Piccadilly flagship in London seeing a 6% increase.
