Value-fashion retailer QS is on the expansion trail after a period of strong sales growth.
Sales at the retailer, which is owned by Grabal Alok, part of Indian retail group Alok, climbed 7 per cent and cash margins rose by double digits in the year to date.
The retailer, which trades as QS and Store 21, has retained property agents GL Hearn to search for 20 stores of between 3,000 and 5,000 sq ft in market towns for the Store 21 fascia.
Grabal Alok chief executive Anupam Jhunjhunwala said that the retailer is converting a number of existing QS stores to the Store
21 format.
He said: “There is no doubt our great value proposition clearly appeals to a new customer who hadn’t previously shopped at QS.”
No comments yet