Quiz enjoys record full year sales
Operating across three companies called Kast Retail, Tarak Retail and Tarak International, the group increased its revenue from £78.2 million in the previous year to a record £87.4 million.
EBITDA grew by 18% to £7.1 million while pre-tax profit climbed by 17% to £5.7 million.
UK retail sales, excluding e-commerce, increased by 10% as the group launched 50 standalone stores and concessions with third parties including Debenhams and House of Fraser.
International sales also grew by 10% as trade was boosted by 8 new overseas stores.
At the end of the period, Quiz had over 220 UK and Republic of Ireland outlets and 47 international stores.
Online sales surged by 33%.
During the period, more than £3 million was invested in a new automated warehouse facility in Bellshill in Scotland which will support the brand’s UK and international growth plans.
Tarak Ramzan, Quiz founder, said: “Quiz delivered an excellent performance in the year to 31 March 2016 reflecting the strength of our omni-channel business model and growing appeal of the Quiz brand.
“Quiz continues to build momentum in the UK and enjoy positive reactions in our international markets, underpinned by the design, value and style of our products, and we remain excited about the significant growth opportunities across our markets.”
Email this article to a friend
You need to be logged in to use this feature.
Please log in here