
There’s growth and then there’s Secret Sales growth. The premium e-commerce fashion and lifestyle retailer said it has signed 75 new contracts with multi-brand retail groups and standalone brands in the last 12 months.
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There’s growth and then there’s Secret Sales growth. The premium e-commerce fashion and lifestyle retailer said it has signed 75 new contracts with multi-brand retail groups and standalone brands in the last 12 months.
Struggling fashion retailer Quiz reported its half-year results on Wednesday and said that it saw increased demand as life got almost back to normal, with revenue growing, plus a return to EBITDA profitability.
Struggling Quiz released results for the year to the end of March on Tuesday. And while they included only a few weeks hurt by the pandemic, they showed Quiz was already facing challenges before the current crisis.
Andie Swim announced on Thursday the closing of a Series A funding round of $6.5 million, which will allow the direct-to consumer company to further expand.
Under-pressure fashion retailer Quiz Clothing mixed good news with bad on Wednesday and said that it has “made progress with renegotiating the lease arrangements with its landlords for its standalone Quiz stores”.
Otto Group's UK online shopping giant Freemans on Wednesday unveiled what it calls a “ground-breaking” new multi-platform retail strategy and rebranding.
Fat Face is on the verge of being taken over by its lenders, that include banks and debt funds, in a debt-for-equity swap designed to drastically reduce the firm’s borrowings and help it weather the coronavirus storm.
Quiz has appointed administrators for its standalone store ops, but will buy back the business and renegotiate rents. It means exiting some stores and its Spanish shops will no longer be under its control.
The news continued to pour out of Asos on Wednesday with the firm announcing the results of its share placing and the hundreds of millions of pounds it generated.
H1 was tough for Quiz Clothing but there were some good signs as the company's e-sales and international ops grew. However, its recovery could take some time to happen as UK stores remain challenged.