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Quiz revenue leaps as online surges

Quiz revenue leaps as online surges

 

MADRID: Fast fashion brand Quiz has reported a 35% rise in group revenue, in its first update since its flotation in July.

Group revenue grew to £56.1m in the six months to 30 September compared with the same period last year, the brand said in a pre-close trading update today.

Group online revenue across both the brand’s own website and third-party sites soared by 204% to £13.8m during the six-month period. Sales through its own website alone jumped by 122%.

Its performance was boosted by the launch of its first localised website in Spain during September, as well as its online partnerships with Next and Zalando. The company said gross margins remain “in line with expectations”.