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 posts uplift in sales and profit

Quiz has increased its revenue by 30% to £116.4 million in the year to 31 March after seeing strong growth across all of its channels.

FASHION

Quiz posts uplift in sales and profit

While online revenue climbed by 158% to £30.6 million, revenue from UK stores and concessions rose by 12% to £64.6 million.

Meanwhile, pre-tax profit edged up to £8.5 million from £8.1 million in the previous year.

Tarak Ramzan, Quiz founder and chief executive, said:”We are pleased to report a very good performance for the Quiz brand during the year with excellent progress achieved from our omnichannel growth strategy. The brand has continued to deliver rapid growth online, with revenues up 158% year on year, as well as strong growth in international target markets and across our UK store and concession estate.”

During the year Quiz launched its first international partnership by working with Zalando. It also introduced a local language website in Spain and opened three standalone stores in the country. In addition, it continued to expand across the UK with five new stores and six concessions.

Other new initiatives included the launches of Curve and Bridal ranges as well as a collection for men called Quiz Man.

Ramzan said: “With our attractive customer offer, well-invested infrastructure and omnichannel business model with the flexibility to increase investment in higher return areas, Quiz is well positioned to deliver strong growth in the year ahead in-line with the board’s expectations.”

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