Online sales boost revenue for Quiz

Online sales boost revenue for Quiz

Fashion brand Quiz has announced its results for the six months to 30 September, reporting a 35.2% surge in revenue.

The brand, which sells womenswear online and in 300 stores worldwide, saw online revenue increase 204.6% to £13.8m and revenue from UK stores and concessions increase 15.2% to £32.3m.

Tarak Ramzan, founder and chief executive officer, said: "We are pleased to report a very good performance for the QUIZ brand in the first half of the financial year with strong growth delivered across each of the brand's distribution channels, most notably Online and International.

"The Group's strong performance is a reflection of the growing awareness of the QUIZ brand and increasing demand for our products that offer the latest glamorous looks and occasion wear at great value.

"Current trading has remained strong since the period end and, underpinned by our strong collections, the Group enters the important Christmas trading period with good momentum.  The Board remains confident of delivering growth across all channels for the full year."

Underlying EBITDA increased 32.1% year on year to £6.2m and the company reported strong operating cash flows of £5.8m.

 In the six month period, Quiz saw its online customer base increase 85.8% to 262,000 and continued its UK expansion by opening five new stores and seven concessions.