THE RETAIL BULLETIN - The home of retail news
HOME
RETAIL NEWS
RETAIL EVENTS
Fashion
Department Stores
Shopping Centres & Retail Parks
Home & DIY
Electricals
Health & Beauty
General Merchandise
Entertainment
Sports & Leisure
The Papers
Retail Solutions
Food & Drink
Interviews
Property
RETAIL INSIGHTS
RETAIL SOLUTIONS
ABOUT US
CONTACT US
SUBSCRIBE FOR FREE
Quiz full year revenue up 12%

Fast fashion brand Quiz has increased its full year group revenue by 12% to £130.9 million as it continues to expand both online and internationally. 

FASHION

Quiz full year revenue up 12%

Fast fashion brand Quiz has increased its full year group revenue by 12% to £130.9 million as it continues to expand both online and internationally. 

Following its trading update issued on 7 March, the company said it still expects its group EBITDA for the year to come in at around £4.5 million.

The retailer saw a 34% uplift in online revenue in the period which came from sales made through its own websites and third-party websites. Revenue generated from the retailer’s own websites climbed by 58% during the year following an increase in spending on marketing.

During the year, Quiz opened three new standalone stores and relocated two stores into larger units. In addition, two stores were closed in the period.

The retailer operates 108 Debenhams concessions in the UK and 11 in the Republic of Ireland. It also sells its products on the department store’s website. Revenues from these activities accounted for 23% of Quiz’s full year revenue.

Regarding this week’s news of Debenhams entering administration, Quiz said: “The underlying operating companies continue to trade as normal with suppliers expected to be unaffected. We look forward to continuing to work productively with Debenhams going forward.”

Quiz has previoulsy announced that it is reviewing all aspects of the business as it looks to mitigate the effects of slower than anticipated growth. It will report on the review’s findings when it reports on its final results in June.

Email this article to a friend

You need to be logged in to use this feature.

Please log in here

Subscribe For Retail News

RETAIL EVENTS

Customer Engagement Conference 2019
Customer Engagement Conference 2019
5 June 2019
Cavendish Conference Centre, London W1
The 10th Annual Retail Customer Engagement Conference
The HR Summit 2019
The HR Summit 2019
8 October 2019
Hallam Conference Centre, London W1W 6JJ
The 11th HR Summit 2019, Hallam Conference Centre, 44 Hallam St, Marylebone, London W1W 6JJ
AI in Retail Conference 2019
AI in Retail Conference 2019
16 October 2019
Cavendish Conference Center, London W1G 9DT
Digitally native competitors and demanding customers are forcing a new perspective in retail. AI and machine learning can help you step up to the challenges; and some ‘small and beautiful’ solutions can increase your conversion rates within just a few weeks.
Omnichannel Futures Conference 2020
Omnichannel Futures Conference 2020
5 February 2020
Cavendish Conference Centre, London WG1 9DT
A truly omnichannel offering requires an understanding of customer behaviour across all shopping channels and how this should impact your overall business strategy