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Quiz posts strong growth in UK and international markets

Women’s fashion brand Quiz has reported a 35% increase in first half group revenue to £56.1 million as it continues to expand across the UK and… View Article

FASHION RETAIL NEWS UK

Quiz posts strong growth in UK and international markets

Women’s fashion brand Quiz has reported a 35% increase in first half group revenue to £56.1 million as it continues to expand across the UK and in international markets.

In the six-month period to 30 September, online revenue climbed by 204% to £13.8 million as the company benefited from a new 180,000 square foot distribution centre, increased marketing spend, and a widening of product ranges.

Quiz’s total international sales increased by 12%, or 10% in constant currency, to £10 million.

During the period, Quiz opened three standalone stores in Madrid in Spain, its first standalone stores outside the UK and Ireland. The company also launched a Spanish language website.

Tarak Ramzan, Quiz chief executive, said: “We are very pleased with the Quiz brand’s strong growth across target markets and channels with online in particular experiencing continued outstanding momentum.

“Our IPO in July 2017 was a hugely important milestone for the Company as we continue to build the Quiz brand as a global fast-fashion destination for customers who want the latest looks at outstanding value. The Quiz brand has a distinct USP, a strong customer connection and fast-fashion in its DNA. Our customer base is growing strongly and we are confident of delivering further growth.”

 

 

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