Fast fashion retailer Quiz, which floated last year, said rocketing online sales bolstered its first golden quarter as a listed company.
It hailed “strong trading” across all channels as sales leapt 32% in the all-important seven weeks to January 6.
Online rocketed 119% year-on-year as a result of rising transactions through its own website as well as via new and existing third-party online partners.
Quiz said the growth in this channel was facilitated by its 2017 investment in its distribution centre.
International sales jumped by more than 51% during the period, as Quiz opened its first three stores in Spain and its franchise partnerships matured.
Meanwhile, sales at the fashion firm’s UK standalone stores rose 11.6%.
Strong full-price sales
The retailer, which boasts JD Sports chairman Peter Cowgill as a board member, said it achieved margins in line with expectations by generating strong full-price sales in the run-up to Christmas.
Boss Tarak Ramzan said: “We are continuing to execute our growth plans in each area of the business, underpinned by continued investment in our marketing, people and infrastructure.
“We continue to look forward with confidence as we build on our strategy to develop Quiz as a global fast-fashion brand.
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