// Reiss sales skyrocket 20.3% in the nine weeks to 7 January
// The premium retailer expects to deliver a record profit and for full year sales to surge 25%
Reiss expects to deliver a record profit as Christmas sales surged 20.3%.
The premium retailer posted a 20.3% year on year sales rise in the nine weeks to 7 January.
Online sales skyrocketed 22.3% in the period while store sales soared 18.5%.
The retailer now expects to deliver a record profit with full year sales forecasted to surge 25% year on year.
Sales in its second half, which ends 28 January, jumped 16.1% as online revenue soared 18.3% and store purchase advanced 14.3%.
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Reiss chief executive Christos Angelides said: “Reiss has continued to perform strongly over the Christmas period, reflecting the underlying levels of growth experienced throughout 2022.
“Sales were strong across all product categories, in all territories and across all channels.”
The retailer said it is well positioned to continue to perform strongly as a result of the strength of its brand and international growth despite challenging retail conditions.
Next, which owns a 51% stake in the fashion retailer, moved Reiss’ online operations, warehouse and distribution to its Total Platform in February 2021.
Angelides said the move had “delivered significant improvements” to its offering including stock availability for retail and online channels.
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