Reiss bucks the downward trend
Womenswear retailer Reiss has grown its half year sales by 23.7 per cent year on year to post £102.9 million in revenues for the 26 weeks to August 3rd. During the period it had opened 19 new stores and concessions. Like for like sales were up by 25.6 per cent at constant currency. This performance is in marked contrast to that of a number of other fashion retailers.
Christos Angelides, CEO, Reiss said: "I am very pleased with Reiss's first half performance and encouraged by the promising start we have made to the autumn/winter season. I am also excited at the opportunity to further raise awareness of the Reiss brand by launching an autumn/winter campaign across a series of marketing initiatives, some of which are a first for the brand, starting in the heart of London with Piccadilly Lights."