Fashion Retailer Quiz Thrives Amidst Adverse Conditions
- Quiz reports strong revenue growth of 19% to £66.7m for H1 2018/19
- Online sales up 44%, international sales up 16%, UK stores and concessions up 9%
- Online transactions account for 30% of group sales
- Two new stores and 13 concessions opened in the period
- EBITDA increased by 11% to £5.6m
- CEO Tarak Ramzan credits ‘test and repeat’ model and strong management team for success
Despite ‘challenging external market conditions’, fashion brand Quiz has reported a strong revenue growth of 19% to £66.7m for the six months ending September 2018, with online sales up 44%, international sales up 16%, and UK stores and concessions up 9%. EBITDA increased by 11% to £5.6m. Online transactions now account for 30% of group sales, and two new stores and 13 concessions were opened during the period. CEO Tarak Ramzan attributes the success to a ‘test and repeat’ model and strong management team.
Factuality Level: 8
Factuality Justification: The article provides accurate information about Quiz’s revenue growth across different channels, including online, international sales, and UK stores. It also includes quotes from the CEO, Tarak Ramzan, which adds credibility to the report.
Noise Level: 3
Noise Justification: The article provides relevant information about Quiz’s financial performance and growth across different channels, but it lacks in-depth analysis or exploration of the factors behind this growth and potential future implications.
Financial Relevance: Yes
Financial Markets Impacted: Quiz’s stock price
Financial Rating Justification: The article discusses Quiz’s financial performance, revenue growth, and impact on the company’s stock price following a profit warning.
Presence Of Extreme Event: No
Nature Of Extreme Event: Other
Impact Rating Of The Extreme Event: No
Extreme Rating Justification: There is no mention of an extreme event in the last 48 hours.
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