Quiz cuts a dash with double-digit sales increase
Quiz, the Glasgow-headquartered 'fast fashion' brand, has booked a double-digit rise in sales, boosted by strong demand for evening wear and dresses in the run-up to Christmas.
The firm, which employs more than 1,400 people in the UK and Ireland, said total sales across both nations were up 19.2 per cent between 1 October and 31 December, compared to the year before. The period includes the critical Black Friday, party and Christmas trading seasons.
Online retail sales leapt 75 per cent while like-for-like takings from Quiz standalone stores in the UK and Ireland rose 6.7 per cent. The group’s margin over the period remained in-line with the previous year.
The trading update follows the company’s recent filing of its financial results for the year ended 31 March, during which it generated revenues of £87.4 million.
A spokesman said: “The Quiz brand continues to go from strength to strength.”