Quiz profits plummet as online shift takes toll

Quiz has reported a fall in profits

Fashion retailer Quiz has reported a plunge in full-year earnings but maintained restructuring measures will ultimately enable it to return to profitable growth.

The retailer was already confronting challenges and had warned on profits before the Covid pandemic hit. Quiz said an overhaul of its store estate and action to ensure liquidity would help it navigate tough conditions as it seeks to restore its fortunes.

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