Quiz sales surge in first half as online rockets

Online sales rose 204% to £13.8m in the half to September 30 at the retailer, which made its stock market debut at the end of July with a £245m valuation. 

Quiz said the online growth was driven by increased marketing spend, particularly through digital channels, the broadening of its product ranges and had benefited from the opening of its new 180,000 sq ft distribution centre last year.

It also achieved “strong growth” through third-party websites, which include Next and Zalando.

First international stores

International sales advanced 25% to £10m over the half. Quiz opened its first stores outside of the UK and Ireland and now has three standalone stores in Madrid. It also launched its first localised international website in Spain last month.

The occasionwear retailer has also expanded its international franchise operations from 65 stores to 76, including new franchise units in Dubai, UAE and Morocco.

UK store and concession sales grew 15% to £32.3m. Quiz opened one new store in the UK over the half but plans a further five openings before Christmas.

Quiz chief executive Tarak Ramzan said: “We are very pleased with the Quiz brand’s strong growth across target markets and channels with online in particular experiencing continued outstanding momentum.

“Our IPO in July 2017 was a hugely important milestone for the company as we continue to build the Quiz brand as a global fast-fashion destination for customers who want the latest looks at outstanding value.

“The Quiz brand has a distinct USP, a strong customer connection and fast fashion in its DNA. Our customer base is growing strongly and we are confident of delivering further growth.”