Up-to-date coverage of the latest events in UK retail.
Quiz full-year sales rise
Quiz has posted an increase in full-year sales, buoyed by its online business.
In a post-close trading update, the fashion retailer said group revenues advanced 12% to £130.9m in the year to March 31.
Quiz, which issued a profit warning last month, posted a 34% spike in online sales to £41m across the 12-month period. Revenues from its UK stores and concessions climbed 4% to £66.9m.
Quiz said it expects EBITDA to come in at approximately £4.5m when it reveals preliminary results on June 11.
Dr Martens owner Permira mulls sale
Private equity firm Permira is considering a sale or US flotation of Dr Martens.
Permira acquired the footwear brand for £300m in 2014, but the businesses is now expected to be worth more than double that figure.
According to Sky News, Permira is expected to draft in advisors over the next few months to review options.
Dr Martens posted a 20% rise in group revenue for the 12 months to to the end of March 2018, as like-for-likes jumped 7%.