No Longer Fabulous, Darling! What Went Wrong for Harvey Nichols?
- Despite revenue growth in the latest results for the year up to April 2022,
- Harvey Nichols’ flagship store and its other 13 stores in the group continue to incur losses.
In the hit comedy series Absolutely Fabulous, fashion editor Patsy Stone had a humorous preoccupation with Harvey Nichols.
However, in the 1990s, many women – myself included – had a serious relationship with this Knightsbridge emporium.
That was then. Now, after the announcement that boss Manju Malhotra is quitting, I have been pondering why things went so badly wrong at the store that was undeniably once so absolutely fabulous.
Played for laughs: Jennifer Saunders and Joanna Lumley in Absolutely Fabulous
In its prime, Harvey Nichols was known for its exquisite window displays and impressive range of accessories, handbags, and beauty products.
It embraced the spirit of the 90s, represented by supermodels like Naomi Campbell and Cindy Crawford.
However, unlike these iconic models, Harvey Nichols is no longer seen as super.
Despite revenue growth in the latest results for the year up to April 2022, the flagship store and the other 13 stores in the group are still struggling to turn a profit.
The London store, situated on the corner of Sloane Street, is slated to be part of a regeneration scheme that will transform the area into a “green boulevard.”
During a recent visit to the neighborhood, I found myself lacking the enthusiasm to revisit my former shopping haven.
The blame can partly be attributed to the rise of online shopping, which has compelled physical stores to innovate and create unique experiences to entice customers.
The arrival of the first Zara shop in Regent Street – now one of 60 in the UK – weakened my allegiance to Harvey Nichols, says Anne Ashworth
Across the street from Harvey Nichols, the Burberry store at number
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Denial of responsibility! Vigour Times is an automatic aggregator of Global media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, and all materials to their authors. For any complaint, please reach us at – [email protected]. We will take necessary action within 24 hours.
