QUIZ, the Scotland-based womenswear brand has revealed sales have increased by 35.2% over last year.
New figures show that the company turned over £56.1m for the six months to September 2017 compares to £41.5m for the same period last year.
Underlying profit was up 31% from £3.7m to £4.8 m for the same period.
Online revenue at the ‘fast fashion’ retailer increased 204.6% to £13.8m and underlying international sales increased 26.1% to £10.0m with revenue from UK stores and concessions increasing 15.2% to £32.3m.
The firm raised £10.3m by listing on AIM in July of this year to help fund further expansion which has included five new stores and seven concessions opened by end of November 2017 with three stores in Spain.
Tarak Ramzan, Founder and Chief Executive Officer, commented:
“We are pleased to report a very good performance for the QUIZ brand in the first half of the financial year with strong growth delivered across each of the brand’s distribution channels, most notably Online and International.
“The Group’s strong performance is a reflection of the growing awareness of the QUIZ brand and increasing demand for our products that offer the latest glamorous looks and occasion wear at great value.
“Current trading has remained strong since the period end and, underpinned by our strong collections, the Group enters the important Christmas trading period with good momentum. The Board remains confident of delivering growth across all channels for the full year.”
“We are pleased to report a very good performance for the QUIZ brand in the first half of the financial year with strong growth delivered across each of the brand’s distribution channels, most notably Online and International.
“The Group’s strong performance is a reflection of the growing awareness of the QUIZ brand and increasing demand for our products that offer the latest glamorous looks and occasion wear at great value.
“Current trading has remained strong since the period end and, underpinned by our strong collections, the Group enters the important Christmas trading period with good momentum. The Board remains confident of delivering growth across all channels for the full year.”
