
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.
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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.
Quiz continues to face difficult trading as UK retail stays challenging at best. And while the firm’s Spanish ops are doing well, its Irish business seems to be suffering from the same issues as it’s facing in the UK.
The cosmetics subscription service revealed on Thursday that it has achieved over $500 million in revenues, and unveiled a suite of updated services for its customers, including new personalization options.
Quiz may have seen sales rising in its latest year but its profits plunged and the company is now focusing more heavily on growth areas such as its international ops, e-tail, as well as cutting costs.
Quiz's shares rose on Thursday on investor relief that its huge Debenhams business seems safe for now and that sales are still rising, even though profits remain under pressure.
The difficult environment has hit Quiz Clothing sales so far this year and while online continue to rise strongly, its stores have proved weak and this means profits will be lower than expected.
It’s encouraging when a retailer reports sales up in high single-digits over Christmas as Quiz did on Friday. But it wasn’t quite the good news it seemed as there was a mild profit warning and talk of heavy discounting.
Quiz Clothing said Tuesday that its underlying profits fell in H1, but it's making huge strides online and is growing internationally. And while its UK sales growth is slower, it's still positive.
Fast fashion retailer Quiz Clothing saw its shares plunging on Friday after it issued an unexpected trading update for the first half of its fiscal 2019 year that came complete with a profit warning.
Returns enabler Rebound has just received a seven-figure investment as it helps UK e-tailers deal with returns seamlessly and gears up for expansion in Asia and the US.