Quiz laments ‘challenging’ market as store sales slump
Quiz has suffered a fall in sales during its first half as “very challenging” conditions on the high street impacted its top line.
The fashion retailer said a decline in footfall to its stores and concessions resulted in “weaker than initially anticipated sales” during the six months to September 30.
Revenues raked in from its physical locations tumbled 11% to £31.3m during the period, although Quiz insisted that the rate of decline had “reduced in recent weeks”.
Quiz’s bricks and mortar challenges drove group revenues were down 5% to £63.3m during the half. Online sales could not offset the physical declines, remaining flat year-on-year at £20m.
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