Reiss
This coverage examines Reiss’s activities and performance within the UK retail market. Reporting highlights store openings, product collections, marketing campaigns, collaborations, financial results, and leadership changes — all assessed for their impact on brand positioning, sales growth, and customer engagement. The content is tailored for retail managers, brand executives, and professionals working in premium fashion and lifestyle retail.
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Mar- 2023 -29 MarchClothing & Shoes
Next profits jump 5.7% to £870m amid anticipation of future decline
Next has announced that its pre-tax profits rose 5.7% to £870m, up from £823m, for the year ended 31 January 2023. This number was £10m above the retailer’s guidance which it put down to strong sales in both its retail and total platform businesses. Furthermore, the company’s total trading sales…
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29 MarchClothing & Shoes
Next acquires Cath Kidston for £8.5m with job losses expected
Next has agreed to acquire the brand name, domain names and intellectual property of Cath Kidston for £8.5m, with job cuts expected as the group is wound down and its remaining stores close. The group said the cathkidston.com domain will be licenced back to the administrators for a period of…
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Feb- 2023 -3 FebruarySupermarkets
Canada Goose lowers outlook as revenues slip
Canada Goose reported revenues of $576.7m (£471.3m), down 1.6% from the prior third quarter “largely due” to timing of wholesale shipments and lower revenue in Mainland China related to Covid-19 disruptions. However, it revealed its gross profit increased $2.6m (£2.1m) primarily due to gross margin expansion. It generated net income…
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Aug- 2022 -22 AugustClothing & Shoes
Next increases stake in Reiss to 51%
Next has reportedly upped its stake in Reiss to 51%, having previously acquired a 25% equity stake in Reiss back in March 2021, which was valued at around £200m, as part of a long-term, “strategic” partnership. It is reported that Next would’ve had an option to acquire an additional 26%…
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17 AugustShopping Centres
Battersea Power Station adds further list of brands to portfolio
Battersea Power Station announced that it will be adding more leisure brands, which will be opening in the iconic Grade II-listed building and on Electric Boulevard, central London’s newest pedestrianised high street, from Autumn 2022. Amongst the line-up of new brands announced is Battersea Bookshop from specialist bookseller, Stanfords. The…
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15 AugustHigh Street
Canada Goose profits soar amid retail expansion
Canada Goose has reported “better than expected” gross profits of $42.7m (£35.3m) for the first quarter fiscal 2023 ended July 3 2022, up 39.1% from $30.7m (£25.3m) over the same period last year. Revenues were also up 24.2% from $56.3m (£46.5m) to $69.9m ($57.8m). The company said its EMEA revenue…
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Feb- 2022 -16 FebruaryClothing & Shoes
Reiss to widen online offering through Next Total Platform
Reiss is set to launch a new, revamped website through Next Total Platform, which will enable a host of service upgrades for its online customers. The site is set to launch tomorrow (17 February) and the brand said the site’s look and feel will “remain true to Reiss’ distinctive aesthetic”. …
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Nov- 2021 -12 NovemberClothing & Shoes
Reiss partners with Castore for new collection
Reiss has partnered with activewear experts Castore to create a new collection designed for “before, during and after sports practices”. The 32-piece menswear collection is cut from Castore’s materials and assembled with their manufacturing, with the sartorial elements inspired by Reiss. The collection includes a water, wind and dirt-resistant lightweight…
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Sep- 2021 -21 SeptemberFeatures
September’s retail results: The winners and losers
Retail can be argued as the industry that has shifted the most as a direct result of the global pandemic, and continues to change as we enter a post-pandemic period. The rise of e-commerce has been accompanied by high profile high street closures, supermarkets have become the centre of private…
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17 SeptemberClothing & Shoes
Reiss swings to £13.6m FY21 loss
British fashion brand Reiss has announced that it swung to a loss before tax after exceptional items of £13.6m in FY21, down from profits of £20.1m the year before. The group also reported a 24.6% year-on-year fall in revenues to £170.7m for the 52-week period ended 30 January 2021. Reiss…
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