10 January 2018
QUIZ Group Plc
(‘QUIZ’ or the ‘Group’)
Christmas Trading Update
‘Strong trading beyond the Group’s omni-channel business model’
QUIZ, the omni-channel fast appearance womenswear brand, is admiring to advertise that Christmas trading was in band with expectations with a 31.9% (31.2% connected currency) access in Group acquirement for the seven-week aeon from 19 November 2017 to 6 January 2018 (the “Period”) adjoin the commensurable aeon aftermost year*. This able achievement reflects connected acceptable advance beyond the Group’s omni-channel business archetypal as able-bodied as the accretion acquaintance of the QUIZ brand.
The Group generated able abounding amount sales in the lead-up to Christmas and as a aftereffect the Group gross margins in the Aeon were in band with expectations.
The QUIZ cast has connected to abound rapidly online with Group online acquirement accretion by 119.0%. This amplification was apprenticed by connected able advance through QUIZ’s own website as able-bodied as through new and absolute third affair online retailers. This advance was enabled by the advance fabricated in accretion the Group’s Distribution Centre undertaken during 2017.
International sales added by 51.1% (46.9% in connected currency)*. The advance reflects added sales through our authorization partners, the addition of our aboriginal three food in Spain and able acquirement advance from our Irish food and concessions.
The Group’s UK standalone food and concessions additionally performed acerb with sales accretion by 11.6% during the Period. In December 2017, QUIZ opened its fifth new standalone abundance of the banking year in Cribbs Causeway, Bristol. The UK stores’ and concessions’ retail aboveboard footage as at 6 January 2018 was 192,000 sq. ft. (January 2017: 185,000 sq. ft.).
Tarak Ramzan, Chief Executive Officer, commented:
“We are admiring with QUIZ’s connected able drive beyond the Group’s omni-channel business archetypal during the important Christmas trading period. This advance reflects the backbone of our cast and the address of our articles to barter who appetite the latest looks at absurd value.
“We are continuing to assassinate our advance affairs in anniversary breadth of the business, underpinned by connected advance in our marketing, bodies and infrastructure. We abide to attending advanced with aplomb as we body on our action to advance QUIZ as a all-around fast-fashion brand.”
* Excludes non-recurring broad acquirement of £2.6m in the above-mentioned year commensurable period.
* * * * *
Via Hudson Sandler
Tarak Ramzan, Chief Executive Officer
Gerry Sweeney, Chief Banking Officer
Sheraz Ramzan, Chief Commercial Officer
Panmure Gordon (Nominated Adviser and Sole Broker)
Ben Thorne / Alina Vaskina / Andrew Godber (Corporate Finance)
Erik Anderson / Amy Sarra (Corporate Broking)
44 (0) 207 886 2500
Hudson Sandler LLP (Public Relations)
44 (0) 207 796 4133
QUIZ is an omni-channel fast appearance womenswear brand, specialising in break abrasion and chic accidental wear.
QUIZ delivers a audible hypothesis that empowers appearance advanced females to angle out from the crowd.
QUIZ’s affairs and architecture teams consistently advance its own artefact lines, ensuring the latest alluring looks at amount prices. This fast, adjustable accumulation chain, calm with the acceptable blueprint of style, quality, amount and speed-to-market has enabled QUIZ to abound rapidly into an all-embracing cast with added than 300 standalone stores, concessions, authorization stores, broad ally and all-embracing online ally in 20 countries. The Group currently operates 70 food and 148 concessions in the UK.
QUIZ operates through an omni-channel, fast appearance business model, which encompasses online sales, standalone stores, concessions including, amid others, Debenhams and House of Fraser, all-embracing franchises and broad arrangements.
To download images amuse visit: http://www.quizgroup.co.uk/media-download-centre/
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