Frasers Group reported a 18% uplift in pre-tax profit in the 26 weeks to October 25 to £106m, as group revenue declined 7.4% to £1.9bn.

The retailer attributed its improved profitability to rates relief particularly across its House of Fraser store estate as well as online growth, strong post-lockdown demand in store and Flannels’ expansion.

Frasers Group’s premium lifestyle division, which includes House of Fraser and Flannels, reported a 4.8% uplift in revenue to £320m, while UK sports retail posted a 9.8% decline in revenue to £1.1bn.