Quiz enjoys very omnichannel Christmas
Omnichannel fast fashion womenswear retailer, Quiz, reports a 31.9% YOY increase in Group revenue for the seven-week period from 19th November to 6th January. Online revenue, meanwhile, was up by 119.0%, driven by strong growth through Quiz’s own website as well as through new and existing third party online retailers and underpinned by an expansion of the distribution centre.
International sales rose by 51.1%, on the back of a strong performance by franchise partners, the introduction of the first three stores in Spain and strong revenue growth from Irish stores and concessions. The Group's UK standalone stores and concessions also performed well with sales increasing by 11.6% during the period. In December, Quiz, which has more than 250 stores in the UK and over 50 in other parts of Europe and Asia, opened its fifth new UK standalone store of the financial year in Cribbs Causeway, Bristol.
Tarak Ramzan, CEO, comments: “We are pleased with continued strong momentum across the Group’s omnichannel business model during the important Christmas trading period. This growth reflects the strength of our brand and the appeal of our products to customers who want the latest looks at fantastic value. We are continuing to execute our growth plans in each area of the business, underpinned by continued investment in our marketing, people and infrastructure. We continue to look forward with confidence as we build on our strategy to develop Quiz as a global fast-fashion brand.”