×
Published
Dec 29, 2016
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Quiz soars online, grows retail chain in UK and abroad

Published
Dec 29, 2016

Omnichannel was key for Scotland-based womenswear retailer Quiz in the year to March 31 as revenue rose 11.8% to a record £87.4m from £78.2m, and pre-tax profits soared 18% to £5.7m.



Quiz is growing fast both online and with physical stores

UK retail sales grew a healthy 10% as the firm expanded fast in its domestic market with 40 new stores and concessions opened in just the last 12 months. It has 267 stores and is also planning to open another six in Q1 next year. And it has been upgrading a number of existing locations.

But as well as physical store growth, e-tail was a key channel and surged by 33% in its last financial year.

Founder Tarak Ramzan said the figures are due to the “growing appeal of the Quiz brand.” He added: “Quiz continues to build momentum in the UK and enjoy positive reactions in our international markets,” and said that the business has “significant growth opportunities.”

The company has 47 stores outside of its core UK and Ireland market and has invested over £3m in an automated warehouse to support its growth strategy both at home and abroad.

 

Copyright © 2022 FashionNetwork.com All rights reserved.