Quiz, which made its stock market debut at the end of July with a £245m valuation, hailed “strong growth” across all channels in its first half. 

The fashion retailer said underlying pre-tax profit jumped 31% to £4.8m in the six months to September 30.

Accounting for one-off costs, including the firm’s admission to AIM, pre-tax profit remained flat at £3.7m.

Group sales surged 35% to over £56m – driven, the retailer said, by increasing brand awareness and growth across all its distribution channels. 

Multichannel success

Its online sales rocketed 204% to £13.8m, while revenue from UK stores and concessions increased 15.2% to £32.3m. 

Quiz creates a showroom for fashion in Westfield Stratford City

Meanwhile, sales at its fledgling international division totalled £10m – up 26% year on year. It opened its first three stores in Spain during the half.

The company, of which JD boss Peter Cowgill is a non-executive chairman, said its online customer base expanded by 86% during the period.

Outlook

The fashion retailer said current trading remained strong, with group sales up 32.9% in the last seven weeks.

Quiz chief executive Tarak Ramzan said: “Underpinned by our strong collections, the group enters the important Christmas trading period with good momentum.

“The board remains confident of delivering growth across all channels for the full year.”

Topics