Womenswear retailer Quiz has posted a leap in sales and expects continued strong growth in the future.
The omnichannel fast fashion operator posted year-on-year sales growth of 30% for the year to March 31.
Online and international performance led the way, as ecommerce sales surged 158% to ÂŁ30.6m and overseas revenues jumped 32% to ÂŁ21.2m.
Online growth came not just through Quizâs own portals but also through âvery strongâ third-party sites.
Revenues from Quizâs UK stores and concessions rose 12% over the year to ÂŁ64.6m. Five new standalone stores and seven concessions opened, and a shop at Bluewater made its debut after the period end.
Ireland and Spain have been a focus for new Quiz-branded locations, while further franchises have been added in established overseas markets.
Full-year margins were in line with expectations, but operating costs came in higher than originally planned, the retailer said. That was mainly a result of investment in logistics, marketing and buying being brought forward to support immediate growth.
Quiz chief executive and founder Tarak Ramzan said: âWe are delighted to have successfully completed our first financial year since our IPO in July. We look forward to expanding the brand with initiatives such as the launch of own-language international websites.â
Quiz will unveil its final results on June 5.
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