Reiss profits and sales soar after ‘strongest’ results in its history

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Reiss has reported soaring profits and sales for the last financial year, in what the brand described as its “strongest” set of results in its history.

For the 52 weeks ending February 1, 2020, the fashion retailer reported soaring profits with EBITDA leaping 51.6% to £29.3m. The retailer also said total sales increased 21.9% to £227.4m, while full-year like for likes were up 21.6%.

The retailer said like-for-like sales during the seven-week Christmas trading period were up 18%.

During the year, Reiss said its strong financial results had allowed for it to continue to invest in the design and quality of its products, put together new marketing and advertising content and expand its international network.

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