Reiss eyes recovery after swinging to loss amid pandemic


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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