Reiss reports festive cheer with bumper Christmas trading
Premium fashion retailer Reiss today reported a 20.3% jump in total group sales in the nine weeks to 7 January 2023, versus the same period last year, with store sales up 18.5% and online sales up 22.3%.
Reiss’ financial year ends on 28 January 2023 and full year sales are expected to be up 25% compared to last year, another record year for sales and profit.
Christos Angelides, CEO of Reiss, commented: “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.”
Last year, when Reiss reported its financial results for the year ending 29 January 2022, total group sales of £256.6m were 50% (£85.9m) higher than the prior year (2020: £170.7m), with international sales totalling £81.8m – comprising more than 30% of total group sales.
There was also an increasingly equal split between womenswear and menswear sales, at 57% and 43% respectively, so it will be interesting to see if that trend has continued when full year figures are revealed at the end of the month.
