THE RETAIL BULLETIN - The home of retail news
Lest we forget
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
Interviews
RETAIL INSIGHTS
RETAIL SOLUTIONS
ABOUT US
CONTACT US
SUBSCRIBE FOR FREE
Quiz enjoys strong first half growth

Fashion retailer Quiz has increased its first half underlying pre-tax profit by 31% to £4.8 million.

FASHION

Quiz enjoys strong first half growth

Fashion retailer Quiz has increased its first half underlying pre-tax profit by 31% to £4.8 million.

In the six months to 30 September, group revenue rose by 35.2% to £56.1 million driven by strong growth across all of its channels. Online sales were up 204.6% while international sales climbed by 26.1%.

When the costs relating to Quiz's IPO were taken into account, pre-tax profit was flat at £3.7 million.

During the period, Quiz continued its UK expansion with the launch of five new stores. It also opened its first stores beyond the UK and Ireland with three shops in Spain.

Tarak Ramzan, Quiz founder and chief executive, said: "We are pleased to report a very good performance for the Quiz brand in the first half of the financial year with strong growth delivered across each of the brand's distribution channels, most notably online and international.

"The group's strong performance is a reflection of the growing awareness of the Quiz brand and increasing demand for our products that offer the latest glamorous looks and occasion wear at great value.”

Sales in the group's UK standalone stores and concessions increased by 15.2% to £32.3 million. The rise in sales was supported by increased traffic in store reflecting increased marketing investment.

Quiz said current trading remains strong. Ramzan added: “The group enters the important Christmas trading period with good momentum. The board remains confident of delivering growth across all channels for the full year."

 

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

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
Customer Engagement Conference 2019
Customer Engagement Conference 2019
5 June 2019
Cavendish Conference Centre, London W1
The 10th Annual Retail Customer Engagement Summit
The HR Summit 2019
The HR Summit 2019
Tuesday 8 October 2019
The Cavendish Conference Centre, London W1
The 11th HR Summit 2019, The Cavendish Conference Centre, London W1, 8 October 2019
AI in Retail Conference 2019
AI in Retail Conference 2019
16 October 2019
Cavendish Conference Center, 22 Duchess Mews, London W1G 9DT
Retail marketing is changing pace rapidly by making communication across all platforms personalised, relevant, efficient, and helpful. AI not only helps shoppers find a perfect product but also pre-empts the shopping behaviour and speeds up payment.
Payment Roundtable 2019
Payment Roundtable 2019
6 February 2019
The Cavendish Conference Centre, 22 Duchess Mews, London W1G 9DT
The Retail Bulletin Payment Roundtable will raise debate and discussion centred on but not exclusive to improving the in-store payment process