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Online sales help Quiz make Xmas fashionable
QUIZ, the fast fashion womenswear brand, said Christmas trading was in line with expectations with a 31.9% increase in revenue for the seven-weeks to January 6, boosted by online sales.
This strong performance reflects continued good growth across the Group's omni-channel business model as well as the increasing awareness of the QUIZ brand.
The company said it generated strong full price sales in the lead-up to Christmas and as a result the group gross margins in the period were in line with expectations.
Increasing online sales saw revenue in this area up 119.0%. This expansion was driven by continued strong growth through QUIZ's own website as well as through new and existing third party online retailers, the company said.
International sales increased by 51.1% reflecting increased sales through franchise partners, the opening of the first three stores in Spain and strong revenue growth from Ireland and concessions.
Quiz's UK standalone stores and concessions also performed strongly with sales increasing by 11.6%. In December 2017, QUIZ opened its fifth new standalone store of the financial year in Cribbs Causeway, Bristol.