Reiss have posted sales for the 52 weeks to August 29th, 21 of £170.7 million which up by 24.6 per cent on the year prior and down from the £226.5 million it generated in 2019. The company suffered a pre-tax loss of £3.8 million but says it has experienced a strong recovery in sales and expects to return to profit this year. The business launches a childrenswear collection this Autumn and has also confirmed a collaboration with Castore. As previously reported Reiss will also debut on Next’s Total Platform early in 2020.
Christos Angelides, Reiss CEO commented: “Reiss has recovered strongly from a challenging 2020, and the creation of our new casual collections has proved successful with our customers. I am excited to announce that we will launch a childrenswear collection for the first time in Reiss’ 50-year history in October this year and we will also launch a collaboration with Castore Sportswear.”
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