By Grace Bowden2020-01-15T07:24:00
Quiz has posted a fall in sales over the festive period across stores and online against what boss Tarak Ramzan has described as a “challenging” trading backdrop.
The fashion retailer posted a 9.3% decline in group revenue in the seven weeks to January 4.
Quiz’s sales across its store and concessions fell 7% during the period – which the business attributed to ongoing declines in footfall – while online sales declined 14.8% year on year.
This decline was exacerbated by the retailer’s decision to slash unprofitable third-party supply partnerships early this year with online marketplaces such as Zalando.
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