Must-have fast fashion fuels strong sales growth

QUIZ, the international and omni-channel womenswear fast-fashion brand, today reports on trading in its retail business for the period from 1^st October 2016 to 31 December 2016 (the “Period”), covering the important Black Friday, “party” and Christmas trading seasons.

During the Period, total sales in the UK and ROI were up 19.2 % against the prior year, driven by strong omni-channel growth and reflecting the brand’s enhancing reputation as the destination for must-have on-trend occasion wear and evening wear at great value. Online retail sales increased 75 percent and like-for-like sales from QUIZ standalone stores in the UK and ROI rose 6.7% percent. The Group’s margin over the Period remained in-line with the previous year.

This update follows the Group’s recent filing of its financial results for the year ended 31 March 2016, in which the brand delivered strong, double digit revenue and EBITDA growth to £87.4m and £7.1m respectively. During the year ended March 2016, the Group opened 50 new UK and ROI outlets and eight new international outlets, taking its presence to more than 300 outlets worldwide in 20 countries.

Sheraz Ramzan, Business Development Director of Quiz, commented: “The QUIZ brand continues to go from strength to strength and delivered an excellent performance over this key trading quarter.

“We saw particularly strong demand for evening wear and dresses in the run up to Christmas, as our customers continued to see QUIZ as the destination for fast-fashion and occasion-wear at outstanding value.

“I would like to thank our team across all channels of the business for their skill and hard work during this key trading period.”