Login

Reiss announces plans for international expansion in US and Australia

Reiss

Following a successful year of record sales and profits, Reiss plans to open two flagship stores in New York and enter Australia.

The Sunday Times reported the premium UK high street retailer will open on Madison Avenue and at the World Trade Centre in spring 2016.

The retailer already has five stores in New York, with others in California, Massachusetts, New Jersey, Florida, Maryland, Illinois and Virginia.

Reiss will also enter Australia next year, opening two stores in central Melbourne. The company also recently announced it would open its first store in France at the beginning of next year.

The international expansion plans come after Reiss saw a 10% rise in sales to £128m last year, with operating profits almost quadrupling to £13.7m.

STAY UP TO DATE: You want the need-to-know news, right? Our journalists deliver a daily curation of the most important industry happenings. Sound good? Join WGSN.

Know what’s next. Become a WGSN member today to benefit from our daily trend intelligence, retail analytics, consumer insights and bespoke consultancy services.

WGSN Insider Bulletin

blog_ad2

Big data meets consumer insights. Experience WGSN.

Related Stories

Train station stores: The future of successful retail?

Fashion retailer BCBG to close stores

Wedding Trends for 2017

9 Key Wedding Trends for 2017

Share
Tweet
+1
Share
Pin