READ MORE: Fashion chain Quiz gets set for the next challenge"Since then, inflationary cost pressures have continued to impact consumer confidence and demand for Quiz's products," the company said. "As a result, overall revenues in the year to date have continued to be lower than the previous year and below management's prior expectations." During the five months to the end of August Quiz recorded an 11.5% decline in store sales to £19.3m, while online sales slumped by 23.8% to £10.9m. Quiz said if the current trend in revenues continues into the second half, full-year revenues will be 6-7% lower than current market expectations resulting in a pre-tax loss of "no more than" £1.5m. Originally set up in 1993 by Glaswegian businessman Tarak Ramzan, Quiz debuted on London's Alternative Investment Market (AIM) in 2017 with a flotation value of £200m.

Source: The Herald September 19, 2023 10:46 UTC