×
152
Fashion Jobs
BIMBA Y LOLA
Sales Assistant
Permanent · LONDON
BIMBA Y LOLA
Part Time Sales Assistant
Permanent · LONDON
PINK PANTY
Web Manager
Permanent · LONDON
TK MAXX
District Loss Prevention Manager
Permanent · Warsaw
SHISEIDO
Bareminerals Account Manager - Hoopers, Wilmslow (Maternity Cover) (37.5)
Permanent · Manchester
SHISEIDO
Bareminerals Account Manager - Debenhams, Dundee (37.5)
Permanent · Dundee
SHISEIDO
Bareminerals Account Manager - Debenhams, Winchester (Maternity Cover)
Permanent · Hampshire
KIMAI
Marketing Manager
Permanent · LONDON
MICHAEL KORS (UK) LIMITED
Ecommerce Operations Manager, Emea
Permanent · London
SHISEIDO
Account Manager - Debenhams
Permanent · BURY SAINT EDMUNDS
SHISEIDO
Bareminerals Account Manager - Debenhams, Ipswich (37.5)
Permanent · Ipswich
SHISEIDO
Shisiedo Group Fragrance Account Manager - John Lewis, Brent Cross (22.5)
Permanent · London
KHLOÉNOVA
Virtual Marketing Rep
Internship · LONDON
GUESS UK
Assistant Manager - Icon o2
Permanent · LONDON
ZADIG & VOLTAIRE
Supervisor
Permanent · MANCHESTER
ZADIG & VOLTAIRE
Assistant Store Manager
Permanent · LONDON
SO LABELS
Personal Assistant/Executive Assistant to Ceo
Internship · LONDON
HALO FASHION AGENCY LTD
Three Month Internship
Internship · MANCHESTER
1ST FASHION LTD
Work From Home Digital Content Writer Work Placement
Internship · LONDON
IR0
Sales Assistant
Permanent · LONDON
MAJE
Sales Assistant, Part Time (12Hrs) - Brompton Road, London
Permanent · LONDRES
MAJE
Sales Assistant, Part Time (16Hrs) - Kings Road, London
Permanent · LONDRES

Reiss posts 22% uplift in sales as it accelerates US growth

Published
Mar 9, 2020
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Mid-market fashion brand Reiss had an “excellent” 2019, and while many fashion brands are struggling, it seems the British business is thriving. 


New SS20 campaign - Reiss


According to unaudited results published this Monday, continued investment in design and quality helped deliver a significant increase in full-year sales at the clothing retailer, up 21.9% to £227.4 million.

This was supported by a programme of store debuts, with 67 new locations opening across the UK, Europe, the USA and APAC over the year. On a like-for-like basis, sales were also strong, up 21.6% year-on-year. 

CEO Christos Angelides said customers bought more clothes at full-price on a like-for-like basis than ever before, which had a positive impact on profits. In fact, EBITDA profits for the year ended 1 February 2020 climbed significantly higher than sales, up 51.6% to £29.3m.

"2019 was an excellent year for Reiss on all metrics and represents the culmination of driving Reiss through 2 years of transformation,” commented the chief executive officer.

The USA was a standout performer, he added. Some 29 new stores and concessions opened in the US market last year, and 14 new locations are set to open on the West Coast this 2020 in partnership with Nordstrom and Bloomingdales following “extremely positive” sales and customer feedback.

This will be part of the 58 new doors that are set to open globally throughout this year. 

“Going forward into 2020 we have budgeted on a more conservative basis, but we believe there is significant headroom for the Reiss brand to grow on a scalable and sustainable basis,” Christos Angelides continued.

The brand has recently unveiled a new campaign that reflects on its origin in 1971. Showing a pared down aesthetic and tailored silhouettes, the campaign features the SS20 collection, which launched in January, with new product added into stores and online until June.

Copyright © 2020 FashionNetwork.com All rights reserved.