QUIZ out of style with markets as struggles continue

The price of shares in the AIM-listed clothes retailer QUIZ (LON:QUIZ) has dropped by 3% to 16.17p (as of 15:00 BST) as it continued to face difficulties during the six months ended 30th September. The UK retail market remained challenging during the period and group revenues dropped by around 5%.

CEO Tarak Ramzan commented: “Overall, the Group’s trading performance in the first half has been broadly in line with the Board’s expectations despite the difficult UK trading environment. Sales growth through QUIZ’s websites has continued, reflecting the investment in our product range and marketing initiatives.

Whilst trading conditions are expected to remain challenging in the near term, the Board remains confident that underpinned by QUIZ’s flexible business model and an increasing online focus, the Group can return to sustainable profitable growth in the medium term“.

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