All Quiz articles
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NewsQuiz grows festive sales despite slump in online demand
Quiz has posted a jump in Christmas sales as customers flocked back to its stores and concessions at the end of last year.
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News
Quiz warns of potential effect of Omicron on Christmas as it delivers another loss
Quiz has reported a loss before tax and warned its stakeholders about the potential loss of sales due to the rise of the Omicron coronavirus variant in the run-up to Christmas.
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News
Quiz losses deepen as sales plummet due to pandemic store closures
Fashion retailer Quiz has reported deepening losses as rolling store closures due to pandemic restrictions hammered its revenues.
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Prospect Analysis
Quiz (SWOT)
Quiz provides its customers with a clear and concise proposition of affordable, contemporary occasion wear as well as a newer range of smart casual clothing.
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Prospect Analysis
Quiz (Strategy)
Quiz was forced to restructure the business in 2020 to cut the size of its store estate, while it has also significantly reduced its dependence on UK department stores. Going forward, this will allow the business to generate more of its revenues from its own stores and websites which have traditionally generated higher returns than other revenue streams.
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Prospect Analysis
Stores at Quiz
With store sales on a sharp downward trajectory – further exacerbated by the pandemic - Quiz undertook a restructure of its standalone store portfolio in June 2020, which saw its UK standalone stores placed into administration. This enabled the retailer to renegotiate rents or dispose of unprofitable properties. This has seen the UK standalone store network reduced from 75 stores in March 2020 to 61 as of March 2021.
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Prospect Analysis
Technology strategy at Quiz
Quiz has increased its investment in technology to support its omnichannel growth strategy and global potential, particularly focusing on online, IT and system infrastructure.
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Prospect Analysis
Quiz (People)
Founder Tarak Ramzan still leads Quiz as chief executive and the retailer has a stable senior team.
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Prospect Analysis
Quiz (Overview)
Quiz was established in 1993 in Glasgow by founder and chief executive Tarak Ramzan, originally selling women’s clothing through a handful of stores but subsequently becoming a fast fashion omnichannel retailer with a substantial international presence.
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Prospect Analysis
Quiz (Financials)
Quiz had benefited from long-term growth, however its most recent financial year showed the retailer’s inability to adapt to a toughening market. The 9.9% decline in revenue reflected its poor domestic and online sales performance, with international sales contracting by a similar amount.
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Prospect Analysis
Ecommerce at Quiz
Optimising the omnichannel model has been set as a key priority in turning the business around and this aim has been intensified due to the mass shift in consumer spend to online as a result of the pandemic.
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Prospect Analysis
Customer and marketing at Quiz
Quiz is an omnichannel fashion brand, specialising in trend-driven occasion wear and dressy casual wear for fashion-forward females aged from 16 to 25.
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Prospect Analysis
Supply chain at Quiz
Quiz prides itself on its “fast, flexible supply chain” – using a ‘test and repeat’ model – which allows the retailer to deliver catwalk trends quickly to the shopfloor. This allows it to introduce new products to its stores and website within weeks of identifying new trends and replenish successful lines quickly.
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Prospect Analysis
Quiz (Outlook)
While sales are receiving a boost in 2021 as restrictions on social gatherings and events have been removed, Quiz has lost a lot of ground to its online rivals and burgeoning underlying losses cast doubt on the retailer’s ability to invest for future growth.
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News
Quiz wins better rental terms following stores administration
Fashion retailer Quiz has won more flexible leases after putting its stores business into administration to conduct a restructuring.
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Analysis
The Big Question: Should fashion retailers stop sourcing in Leicester?
Leicester is in the spotlight again following allegations of unsafe working conditions and suppliers paying below minimum wage with links to Boohoo and Quiz. Industry experts weigh in on whether it is time for fashion to pack up in Leicester or double down on tackling the problems.
