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
Retail Solutions
Food & Drink
RETAIL INSIGHTS
RETAIL SOLUTIONS
ABOUT US
CONTACT US
SUBSCRIBE FOR FREE

QUIZ achieves strong full year growth

QUIZ, the fast fashion womenswear brand, has increased its revenue by 30% to £116.4 million in the year ended 31 March.

FASHION

QUIZ achieves strong full year growth

When £4.4 million of non-recurring wholesale revenue was excluded, revenues climbed by 36%.

Revenue in its UK stores and concessions was up 12% to £64.6 million. Online revenue grew by 158% to £30.6 million as Quiz benefited from more effective marketing spend undertaken during the year and  the widening of its product range to include bridalwear and its Curve range.

Meanwhile, international sales were up 4% to £21.2 million as the retailer opened new standalone stores in Spain and Ireland as well as new franchise stores across its established markets.

The company said sales growth through third party websites had been “very strong”.

QUIZ opened five new standalone stores and seven new concessions in the year.

Tarak Ramzan, QUIZ chief executive, said: “We are delighted to have successfully completed our first financial year since our IPO in July. This strong performance reflects the growing strength of the QUIZ brand and the continued growth across each of our sales channels and target markets. 

“We are confident that the QUIZ brand’s distinct USP, strong customer connection and fast-fashion credentials provides a strong foundation for delivering future growth.”

 

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

Retail Human Resources Summit
Retail Human Resources Summit
Wednesday 3 October 2018
The Cavendish Conference Centre, London W1
The 10th HR Summit 2018, The Cavendish Conference Centre, London W1, 3rd October 2018
The Retail Design Summit 2018
The Retail Design Summit 2018
14 November 2018
The Cavendish Conference Centre
The Retail Design Summit 2018
Omnichannel Futures Conference 2019
Omnichannel Futures Conference 2019
6 February 2019
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