Reiss eyes recovery after swinging to loss amid pandemic

REISS - AW21 - NEW UNIFORMS CAMPAIGN - DUAL GENDER

Reiss has said it expects to “return to profit” in its current financial year after falling into the red during 2020.

Reiss made a loss of £3.8m in the year to January 30, 2021, compared to a profit of £20.5m in 2019. Reiss attributed the loss to extended periods of store closures as well as exceptional items due to the pandemic.

Sales at the fashion retailer fell to £170.7m during 2020, a 24.6% drop from the year before.

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