High-end department store group Selfridges on Thursday posted a 3.9 per cent rise in first half pre-tax profits to £15.8 million from £15.2m in 2001.

The company said sales rose 6.1 per cent to £192.7m and that two new stores will boost its retail trading area 47 per cent from next September.

It added like-for-like sales were up seven percent for the first six weeks of the new fiscal quarter.

Chairman Alun Cathcart said: "Selfridges continues to be at the forefront of retail today and customers are responding well to the innovative Selfridges offer of 'must have' brands and new experiences in our stores."