Quiz
This coverage explores the performance, strategy, and brand activity of Quiz within the UK retail industry. Reporting focuses on store openings and closures, e-commerce initiatives, marketing campaigns, financial results, and leadership decisions that shape the company’s direction. Insights are curated for retail professionals tracking value-driven fashion brands and assessing their impact on the competitive high street and online landscape.
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Oct- 2024 -11 OctoberNews-In-Brief
Today’s news in brief-11/10/24
Ikea reported a 5.3% decline in retail sales to €45.1bn (£37.7bn) after implementing significant price reductions across 63 markets. Despite the sales decrease, the strategy led to a 4.5% increase in store visits and a notable 21% rise in online traffic, driven by heightened consumer demand. This period also saw…
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11 OctoberPeople Moves
Quiz CFO to step down
Quiz has announced that Gerard Sweeney has informed the board of his intention to step down from his role as chief financial officer and company secretary. Sweeney will depart after more than eight years at the omnichannel fashion brand. According to Quiz, the recruitment process to find Sweeney’s successor has…
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Aug- 2024 -29 AugustNews
Today’s news in brief-29/8/24
Retail footfall in the UK experienced a slight increase of 0.9% from July to August, with shopping centres and retail parks leading the growth. High streets saw a minor decline, initially impacted by summer holidays and protests but later boosted by events like Taylor Swift’s concert. The return to office…
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29 AugustClothing & Shoes
Quiz swings to £5.2m loss as cost-of-living crisis hits sales
Quiz has swung to a loss of £5.2m in its full-year results, down from a profit of £2.3m the prior year, as cost-of-living pressures impacted sales over the period. For the year ended 31 March 2024, the retailer saw sales fall by 11% to £82m against the £91.7m reported in FY23. …
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Jun- 2024 -27 JuneNews
Today’s news in brief-27/6/24
Currys reported a 10% rise in adjusted profit-before-tax to £118m for the year ending 27 April 2024, despite a 2% drop in like-for-like revenue in the UK and Ireland and a 16% decrease in adjusted EBIT to £142m. The company attributed its improved EBIT, which was up over £2m when…
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27 JuneClothing & Shoes
Quiz renews bank facility amid weakened UK sales
Quiz has renewed its £4m bank facility for a further 12 months to 30 June 2025, as sales within the UK have continued to be impacted by the ongoing cost-of-living pressures since the year ended on 31 March. As of yesterday (26 June), the fashion retailer had net borrowings of…
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Mar- 2024 -28 MarchNews
Today’s news in brief-28/3/24
AO expects to meet profit guidance, anticipating adjusted profit before tax to be at the top end of £28-£33m for the 12 months ending 31 March. Revenues are projected to reach £1.04bn, driven by positive trading in the core business through Q4 and the return of revenue growth for AO.com.…
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28 MarchClothing & Shoes
Quiz CEO steps down as sales dip
Quiz has revealed that founder and CEO Tarak Ramzan is stepping down from his role with immediate effect as UK sales continue to be impacted by “subdued levels of traffic” in-store and online. Ramzan, as the largest shareholder of the company, will assume a non-executive director role. Having founded the…
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Jan- 2024 -24 JanuaryNews
Today’s news in brief-24/1/24
The Chair of B&M, Peter Bamford, has confirmed his retirement this calendar year after serving in the role since March 2018. An executive search firm has been appointed to initiate the recruitment process for a new chair, led by senior independent director Tiffany Hall. While no retirement date has been…
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24 JanuaryClothing & Shoes
Quiz blames inflation amid Xmas sales dip
Fashion retailer Quiz has blamed “inflationary pressures” for negatively impacting its sales performance during Christmas trading as its group sales decreased 11% to £8.8m. In a trading update for the four weeks ending 31 December 2023, the group said the reduction reflects the negative impact of inflationary pressures on consumer…
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