Thursday, July 27, 2017

Reiss records positive Christmas trading update

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Reiss sparkled through the Christmas trading period, posting a 19.7 per cent year-on-year uptick in the six weeks to January 7.

The upmarket fashion chain attributed its positive figures to growth in its UK like-for-likes, ecommerce and international expansion.

While UK sales grew by 11.6 per cent over the Christmas period – boosted by a combination of strong online and in-store sales – Reiss’ international sales outstripped it with 69.4 per cent growth.

“Reiss performed strongly in the Christmas period benefitting from our excellent product offering and international expansion driving the business,” founder and chairman David Reiss said.

“We are pleased that more and more customers are appreciating our offer. 

“As we enter 2017, we look forward to working with our new partners at Warburg Pincus to expand the business further into a truly global fashion brand.”

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