Quiz news and archive

Quiz calls in advisors as sales continue to drop

British retailer Quiz has announced that it has engaged advisors to “consider appropriate options” after revenues during its key trading month of November took a sharp decline. For the four month period from 1 August to November 30, 2024, total sales at Quiz dropped 5.7 percent year-on-year to 24.9 million pounds. Declines were seen both in...

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Quiz CFO Gerard Sweeney steps down

Omni-channel fashion brand Quiz has announced the departure of its chief financial officer and company secretary Gerard (Gerry) Sweeney, after more than eight years with the group. The company said that Sweeney will remain with the group until March 31, 2025. Commenting on Sweeney’s resignation, Sheraz Ramzan, the company’s chief executive...

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Fashion retailer Quiz posts full year loss

Driven by the impact of cost-of-living pressures on consumer demand, Scottish fashion brand Quiz said revenue for the full year decreased 11 percent year on year to 82 million pounds. Higher levels of full price sales resulted in gross margin increasing to 62.2 percent, EBITDA for the year decreased to 0.9 million pounds, while loss before tax...

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Quiz secures renewal for bank facility as revenue takes hit

Fast fashion retailer Quiz has announced the renewal of a four million pound banking facility, which has now been extended for a further 12 months to June 30, 2025. The news came as the company also reported its trading for the period spanning April 1 to May 31, 2024, during which time it continued to see impact from the ongoing cost-of-living...

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Quiz CEO and founder resigns as sales continue to drop amid strategic review

The chief executive officer of fast fashion retailer Quiz has resigned from the helm position following a yearly drop in sales amid an ongoing strategic review. While stepping down from the leadership role, Tarak Ramzan, who also founded the British company and is its largest shareholder, will instead be resuming a non-executive director role,...

Business

Quiz reports 11 percent drop in Christmas sales

Omni-channel fashion brand Quiz said, sales in the period from December 1 to 31, 2023 decreased 11 percent or 1.1 million pounds to 8.7 million pounds. This reduction, the company added, reflects the negative impact of inflationary pressures on consumer demand which resulted in declines in traffic both in-store and online offsetting consistent...

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Quiz initiates strategic review as turnover continues to fall

British fast-fashion retailer Quiz Plc suffered a significant drop in sales and a loss of millions in the first half of the 2023/24 financial year. In its interim report published on Tuesday, the company justified the weak figures with the effects of persistent inflationary pressure and poor consumer sentiment. The clothing supplier also...

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Quiz reports 15 percent drop in sales, warns of loss

As inflationary pressures continue to take hold of UK high streets, it appears that fast fashion retailer Quiz is one of the many struggling to keep afloat as sales for the 2023 summer period took a hit. The company provided an update on trading between April 1 and August 31, during which time its overall sales had dropped by 15.3 percent to 37...

Business

Chloé CMO to step down as Quiz non-executive director

A non-executive director for fast fashion retailer Quiz has announced her intention to step down from the company’s board of directors. Charlotte O’Sullivan was first appointed to the role in July 2017, bringing to the company her already extensive experience in the fashion industry. From July 2007, she had worked her way up in a series of roles...

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Quiz revenues grow but cites weak consumer demand ahead

For the year ended March 31, 2023, Quiz Group revenue increased 17 percent to 91.7 million pounds supported by the cessation of all social restrictions leading to increased demand. During the second half, the company expects the trading environment to remain challenging. Reflecting the uncertainty with regards to consumer demand and inflationary...

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Quiz posts 17 percent increase in FY23 sales

Fashion brand Quiz has reported that group revenue increased by 17 percent to 91.7 million pounds in the financial year ended March 31, 2023. Gross margins for the year were in line with management expectations and consistent with those recorded in the previous year, the company said. As a result, the group anticipates reporting increased...

Business

Quiz expects to deliver full year profit in line with expectations

Total sales at Quiz Christmas period increased by 11 percent or 1 million pounds, year on year to 9.8 million pounds. This performance, the company said, reflected strong customer demand for Quiz’s trademark dressy occasion wear in the first Christmas period in three years not impacted by Covid-19 related social restrictions. The board remains...