{"id":162841,"date":"2020-01-15T09:35:20","date_gmt":"2020-01-15T09:35:20","guid":{"rendered":"https:\/\/www.theindustry.fashion\/quiz-festive-sales-dive-amid-challenging-retail-conditions\/"},"modified":"2021-08-12T14:06:18","modified_gmt":"2021-08-12T14:06:18","slug":"quiz-festive-sales-dive-amid-challenging-retail-conditions","status":"publish","type":"post","link":"https:\/\/www.theindustry.fashion\/quiz-festive-sales-dive-amid-challenging-retail-conditions\/","title":{"rendered":"QUIZ festive sales dive amid \"challenging\" retail conditions"},"content":{"rendered":"<p><a href=\"https:\/\/www.theindustry.fashion\/intelligence\/quiz\">QUIZ<\/a> has reported plummeting sales over the seven-week Christmas period as it struggled to cope with \u201cchallenging\u201d high street conditions.<\/p>\n<p><!--more--><\/p>\n<p>The multi-channel fast fashion specialist said group sales dived 9.3% over the period to 4 January, driven by a slide in online sales.\u00a0Shares plunged 12% in early trading on Wednesday, down 2.3p at 16.45p.<\/p>\n<p>Bosses said the <strong>performance was \u201cdisappointing\u201d but profits were in line with expectations<\/strong> and the company added that it has made \u201cgood progress\u201d with cost reductions and margin improvements.<\/p>\n<p>QUIZ said <strong>group online revenues slumped by 14.8%<\/strong> over the period, driven by the retailer\u2019s decision to cut ties with \u201cunprofitable\u201d third-party partnerships.<\/p>\n<p>Weaker sales through some of its remaining partner websites also contributed to \u201csignificantly lower\u201d online third-party revenues, it said.<\/p>\n<p>Its <strong>own QUIZ websites saw revenues increase by 5.9%<\/strong> over the period, driven by a rise in full-price sales as the company reduced its number of promotions against the previous year.<\/p>\n<p>Sales from the group\u2019s high street stores and concessions also slid, falling 7% for the festive period.\u00a0QUIZ said this was <strong>driven by the decline in footfall<\/strong> it has witnessed over the past year.<\/p>\n<p>Nevertheless, the company said it was \u201cpleased\u201d with its sales across the important Black Friday weekend.<\/p>\n<p>Chief executive Tarak Ramzan hailed QUIZ\u2019s cash position and said the group is <strong>confident it can improve financial performance and grow revenues.<\/strong><\/p>\n<p>He said: \u201cWhilst the trading backdrop has remained challenging, it is disappointing to report a decline in revenues in the period.<\/p>\n<p>\u201cWe were <strong>pleased that revenues through our own websites grew<\/strong> in the period with less promotional activity than in the prior year, which underpins our confidence in the health of the QUIZ brand.<\/p>\n<p>\u201cWe have <strong>a clear customer focus and a flexible model<\/strong> that the board continues to believe will enable QUIZ to adapt to the changing retail environment and return to profitable growth in the medium term.\u201d<\/p>\n<p>But investors appeared unimpressed with the results, with some questioning the retailer\u2019s future.<\/p>\n<p>Arlene Ewing, investment manager at Brewin Dolphin, said the statement \u201cwill likely <strong>do little to ease the concerns of those in the City<\/strong> who have fretted about the business for some time\u201d.<\/p>\n<p>She added: \u201cWhile it is undoubtedly positive that management is taking \u2018proactive actions\u2019 to improve margins and boost cost efficiencies, there is <strong>a lot that needs to be done to make QUIZ capable of managing the challenges<\/strong> and changes faced by modern retail.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p> [&hellip;]<\/p>\n","protected":false},"author":68,"featured_media":136775,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[6],"tags":[15331,15330,11795,11952],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>QUIZ festive sales dive amid &quot;challenging&quot; retail conditions - TheIndustry.fashion<\/title>\n<meta name=\"description\" content=\"QUIZ has reported plummeting sales over the seven-week Christmas period as it struggled to cope with \u201cchallenging\u201d high street conditions. The\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.theindustry.fashion\/quiz-festive-sales-dive-amid-challenging-retail-conditions\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"QUIZ festive sales dive amid &quot;challenging&quot; retail conditions - TheIndustry.fashion\" \/>\n<meta property=\"og:description\" content=\"QUIZ has reported plummeting sales over the seven-week Christmas period as it struggled to cope with \u201cchallenging\u201d high street conditions. The\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.theindustry.fashion\/quiz-festive-sales-dive-amid-challenging-retail-conditions\/\" \/>\n<meta property=\"og:site_name\" content=\"TheIndustry.fashion\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/theindustryfashion\/\" \/>\n<meta property=\"article:published_time\" content=\"2020-01-15T09:35:20+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-08-12T14:06:18+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.theindustry.fashion\/wp-content\/uploads\/2021\/07\/featureimage-copy-2-30-scaled.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"2560\" \/>\n\t<meta property=\"og:image:height\" content=\"2194\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"TheIndustry.fashion\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@theindustryfash\" \/>\n<meta name=\"twitter:site\" content=\"@theindustryfash\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"TheIndustry.fashion\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.theindustry.fashion\/quiz-festive-sales-dive-amid-challenging-retail-conditions\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.theindustry.fashion\/quiz-festive-sales-dive-amid-challenging-retail-conditions\/\"},\"author\":{\"name\":\"TheIndustry.fashion\",\"@id\":\"https:\/\/www.theindustry.fashion\/#\/schema\/person\/1e694ebd9d1ca2c1b0b08c13d8160c35\"},\"headline\":\"QUIZ festive sales dive amid \\\"challenging\\\" retail conditions\",\"datePublished\":\"2020-01-15T09:35:20+00:00\",\"dateModified\":\"2021-08-12T14:06:18+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.theindustry.fashion\/quiz-festive-sales-dive-amid-challenging-retail-conditions\/\"},\"wordCount\":412,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/www.theindustry.fashion\/#organization\"},\"keywords\":[\"Arlene Ewing\",\"Brewer Dolphin\",\"Quiz\",\"Tarak Ramzan\"],\"articleSection\":[\"News &amp; Insight\"],\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.theindustry.fashion\/quiz-festive-sales-dive-amid-challenging-retail-conditions\/#respond\"]}],\"copyrightYear\":\"2020\",\"copyrightHolder\":{\"@id\":\"https:\/\/www.theindustry.fashion\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.theindustry.fashion\/quiz-festive-sales-dive-amid-challenging-retail-conditions\/\",\"url\":\"https:\/\/www.theindustry.fashion\/quiz-festive-sales-dive-amid-challenging-retail-conditions\/\",\"name\":\"QUIZ festive sales dive amid \\\"challenging\\\" retail conditions - TheIndustry.fashion\",\"isPartOf\":{\"@id\":\"https:\/\/www.theindustry.fashion\/#website\"},\"datePublished\":\"2020-01-15T09:35:20+00:00\",\"dateModified\":\"2021-08-12T14:06:18+00:00\",\"description\":\"QUIZ has reported plummeting sales over the seven-week Christmas period as it struggled to cope with \u201cchallenging\u201d high street conditions. The\",\"breadcrumb\":{\"@id\":\"https:\/\/www.theindustry.fashion\/quiz-festive-sales-dive-amid-challenging-retail-conditions\/#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.theindustry.fashion\/quiz-festive-sales-dive-amid-challenging-retail-conditions\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.theindustry.fashion\/quiz-festive-sales-dive-amid-challenging-retail-conditions\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.theindustry.fashion\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"QUIZ festive sales dive amid \\\"challenging\\\" retail conditions\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.theindustry.fashion\/#website\",\"url\":\"https:\/\/www.theindustry.fashion\/\",\"name\":\"TheIndustry.fashion\",\"description\":\"Fashion news, insights, podcasts and events for professionals from across the fashion sector.\",\"publisher\":{\"@id\":\"https:\/\/www.theindustry.fashion\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.theindustry.fashion\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-GB\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.theindustry.fashion\/#organization\",\"name\":\"TheIndustry.fashion\",\"url\":\"https:\/\/www.theindustry.fashion\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\/\/www.theindustry.fashion\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/www.theindustry.fashion\/wp-content\/uploads\/2022\/06\/LOGO.png\",\"contentUrl\":\"https:\/\/www.theindustry.fashion\/wp-content\/uploads\/2022\/06\/LOGO.png\",\"width\":585,\"height\":217,\"caption\":\"TheIndustry.fashion\"},\"image\":{\"@id\":\"https:\/\/www.theindustry.fashion\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/theindustryfashion\/\",\"https:\/\/twitter.com\/theindustryfash\",\"https:\/\/www.instagram.com\/theindustryfashion\/\",\"https:\/\/www.linkedin.com\/company\/10970016\/\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.theindustry.fashion\/#\/schema\/person\/1e694ebd9d1ca2c1b0b08c13d8160c35\",\"name\":\"TheIndustry.fashion\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\/\/www.theindustry.fashion\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/a4a921d975273dd89abbaa67292bf147?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/a4a921d975273dd89abbaa67292bf147?s=96&d=mm&r=g\",\"caption\":\"TheIndustry.fashion\"}}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"QUIZ festive sales dive amid \"challenging\" retail conditions - TheIndustry.fashion","description":"QUIZ has reported plummeting sales over the seven-week Christmas period as it struggled to cope with \u201cchallenging\u201d high street conditions. The","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.theindustry.fashion\/quiz-festive-sales-dive-amid-challenging-retail-conditions\/","og_locale":"en_GB","og_type":"article","og_title":"QUIZ festive sales dive amid \"challenging\" retail conditions - TheIndustry.fashion","og_description":"QUIZ has reported plummeting sales over the seven-week Christmas period as it struggled to cope with \u201cchallenging\u201d high street conditions. The","og_url":"https:\/\/www.theindustry.fashion\/quiz-festive-sales-dive-amid-challenging-retail-conditions\/","og_site_name":"TheIndustry.fashion","article_publisher":"https:\/\/www.facebook.com\/theindustryfashion\/","article_published_time":"2020-01-15T09:35:20+00:00","article_modified_time":"2021-08-12T14:06:18+00:00","og_image":[{"width":2560,"height":2194,"url":"https:\/\/www.theindustry.fashion\/wp-content\/uploads\/2021\/07\/featureimage-copy-2-30-scaled.jpg","type":"image\/jpeg"}],"author":"TheIndustry.fashion","twitter_card":"summary_large_image","twitter_creator":"@theindustryfash","twitter_site":"@theindustryfash","twitter_misc":{"Written by":"TheIndustry.fashion","Estimated reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.theindustry.fashion\/quiz-festive-sales-dive-amid-challenging-retail-conditions\/#article","isPartOf":{"@id":"https:\/\/www.theindustry.fashion\/quiz-festive-sales-dive-amid-challenging-retail-conditions\/"},"author":{"name":"TheIndustry.fashion","@id":"https:\/\/www.theindustry.fashion\/#\/schema\/person\/1e694ebd9d1ca2c1b0b08c13d8160c35"},"headline":"QUIZ festive sales dive amid \"challenging\" retail conditions","datePublished":"2020-01-15T09:35:20+00:00","dateModified":"2021-08-12T14:06:18+00:00","mainEntityOfPage":{"@id":"https:\/\/www.theindustry.fashion\/quiz-festive-sales-dive-amid-challenging-retail-conditions\/"},"wordCount":412,"commentCount":0,"publisher":{"@id":"https:\/\/www.theindustry.fashion\/#organization"},"keywords":["Arlene Ewing","Brewer Dolphin","Quiz","Tarak Ramzan"],"articleSection":["News &amp; Insight"],"inLanguage":"en-GB","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.theindustry.fashion\/quiz-festive-sales-dive-amid-challenging-retail-conditions\/#respond"]}],"copyrightYear":"2020","copyrightHolder":{"@id":"https:\/\/www.theindustry.fashion\/#organization"}},{"@type":"WebPage","@id":"https:\/\/www.theindustry.fashion\/quiz-festive-sales-dive-amid-challenging-retail-conditions\/","url":"https:\/\/www.theindustry.fashion\/quiz-festive-sales-dive-amid-challenging-retail-conditions\/","name":"QUIZ festive sales dive amid \"challenging\" retail conditions - TheIndustry.fashion","isPartOf":{"@id":"https:\/\/www.theindustry.fashion\/#website"},"datePublished":"2020-01-15T09:35:20+00:00","dateModified":"2021-08-12T14:06:18+00:00","description":"QUIZ has reported plummeting sales over the seven-week Christmas period as it struggled to cope with \u201cchallenging\u201d high street conditions. The","breadcrumb":{"@id":"https:\/\/www.theindustry.fashion\/quiz-festive-sales-dive-amid-challenging-retail-conditions\/#breadcrumb"},"inLanguage":"en-GB","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.theindustry.fashion\/quiz-festive-sales-dive-amid-challenging-retail-conditions\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.theindustry.fashion\/quiz-festive-sales-dive-amid-challenging-retail-conditions\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.theindustry.fashion\/"},{"@type":"ListItem","position":2,"name":"QUIZ festive sales dive amid \"challenging\" retail conditions"}]},{"@type":"WebSite","@id":"https:\/\/www.theindustry.fashion\/#website","url":"https:\/\/www.theindustry.fashion\/","name":"TheIndustry.fashion","description":"Fashion news, insights, podcasts and events for professionals from across the fashion sector.","publisher":{"@id":"https:\/\/www.theindustry.fashion\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.theindustry.fashion\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-GB"},{"@type":"Organization","@id":"https:\/\/www.theindustry.fashion\/#organization","name":"TheIndustry.fashion","url":"https:\/\/www.theindustry.fashion\/","logo":{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/www.theindustry.fashion\/#\/schema\/logo\/image\/","url":"https:\/\/www.theindustry.fashion\/wp-content\/uploads\/2022\/06\/LOGO.png","contentUrl":"https:\/\/www.theindustry.fashion\/wp-content\/uploads\/2022\/06\/LOGO.png","width":585,"height":217,"caption":"TheIndustry.fashion"},"image":{"@id":"https:\/\/www.theindustry.fashion\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/theindustryfashion\/","https:\/\/twitter.com\/theindustryfash","https:\/\/www.instagram.com\/theindustryfashion\/","https:\/\/www.linkedin.com\/company\/10970016\/"]},{"@type":"Person","@id":"https:\/\/www.theindustry.fashion\/#\/schema\/person\/1e694ebd9d1ca2c1b0b08c13d8160c35","name":"TheIndustry.fashion","image":{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/www.theindustry.fashion\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/a4a921d975273dd89abbaa67292bf147?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/a4a921d975273dd89abbaa67292bf147?s=96&d=mm&r=g","caption":"TheIndustry.fashion"}}]}},"_links":{"self":[{"href":"https:\/\/www.theindustry.fashion\/wp-json\/wp\/v2\/posts\/162841"}],"collection":[{"href":"https:\/\/www.theindustry.fashion\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.theindustry.fashion\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.theindustry.fashion\/wp-json\/wp\/v2\/users\/68"}],"replies":[{"embeddable":true,"href":"https:\/\/www.theindustry.fashion\/wp-json\/wp\/v2\/comments?post=162841"}],"version-history":[{"count":0,"href":"https:\/\/www.theindustry.fashion\/wp-json\/wp\/v2\/posts\/162841\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.theindustry.fashion\/wp-json\/wp\/v2\/media\/136775"}],"wp:attachment":[{"href":"https:\/\/www.theindustry.fashion\/wp-json\/wp\/v2\/media?parent=162841"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.theindustry.fashion\/wp-json\/wp\/v2\/categories?post=162841"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.theindustry.fashion\/wp-json\/wp\/v2\/tags?post=162841"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}