Retail group Frasers has reported a decline in full year sales within its Premium Lifestyle division as wider group revenues also fell.

According to its full year results for the 52 weeks ended 27 April 2025, total group sales fell 7.4% to £4.9bn from £5.3bn in 2024. Group adjusted pre-tax profit rose 2.8% to £560.2m from £544.8m.

The Group’s Premium Lifestyle division, which includes Flannels, House of Fraser, Sofa.com and Amara.com, saw sales fall 14.8% to £1bn from £1.2bn.

Premium Lifestyle’s profit from trading up £20.2m (14.7%) to £157.4m, driven by integration and other cost benefits offsetting the continuing challenges in the luxury market.

Michael Murray, Chief Executive of Frasers Group: “I’m pleased with our performance this year, despite the headwinds caused by last year’s Budget. We remain fully committed to our Elevation Strategy, which drove another record year of profitable growth and further delivery of our key priorities. We continued our strategy of confidently investing for the future, unlocking multiple opportunities for sustainable medium- to long-term growth.

“For FY26 so far, we are seeing positive momentum across the Group, including strong performance at Sports Direct – and we have big ambitions to continue to raise the bar. We are working hard to mitigate the £50m-plus of extra costs caused by last year’s Budget, and we are currently expecting FY26 APBT in the range £550m-600m. Looking further forward, we remain confident in our strategy and our plans to deliver multi-year, sustainable profitable growth.”