Retail landlords under the cosh again as stores prepare to reopen from coronavirus lockdown
"Landlords can expect a lot more bad news in the coming months,” said Patrick O'Brien, research director at retail analyst GlobalData.
Company
Quiz PLC
LON:QUIZ
Quiz is a dynamic fast fashion retail group that focuses on delivering catwalk style looks and all the latest trends at value for money prices. Our target audience is the fashion conscious women’s wear market. We aim to be exciting and innovative, offering our customers the fashions, footwear and accessories that they want, when they want. To stay in touch with the ever changing trends within our market we have developed a dynamic and very responsive organisation.
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Quiz reacquires standalone stores as Kast arm goes into administration
The fashion retailer agreed to acquire the 82 stores located in the UK and the Republic of Ireland from the administrator for £1.3mln
Quiz reopens online operations with heightened safety measures
The clothier is ensuring its distribution centre has a reduced number of employees to implement social distancing
Quiz’s March results “materially” below expectations as customers return their party dresses
Results for the year ending 31 March will also be impacted by factors such as debtor balances and inventory provisions
Quiz slides again on Christmas sales disappointment
For the seven weeks from 24 November to 4 January, group revenue fell 9.3% and overall online sales dropped 14.8%
Quiz fails to offset declining sales with online ramp-up
The retailer said sales suffered as the UK retail sector “has remained under pressure during the period impacted by macro-economic uncertainty”
QUIZ’s answer is to cut costs as sales slide
Online revenues rose 7% to £20mln but concessions fared worse than expected
Difficult Quiz to finish the week
Quarterly updates are also scheduled from Jupiter Fund Management and Man Group
Archive
Fuller, Smith & Turner shares rise on plans to return £69mln to shareholders
A look at some of the top risers and fallers in London today
Quiz scraps dividend after House of Fraser collapse and discounting hit profits
The retailer's full-year pre-tax profit fell to £0.2mln, down from £8.5mln a year earlier as the fashion retailer took a £0.4mln bad debt provision after House of Fraser entered administration
Quiz to "work productively” with collapsed Debenhams as it keeps previously downgraded earnings forecast
“We note the recent announcement from Debenhams PLC that whilst they have entered into administration the underlying operating companies continue to trade as normal with suppliers expected to be unaffected,” Quiz said
Active Energy rises as InterTrader lifts stake above 3%
A look at the day's major movers, including Modern Water, OKYO, Argo Group, Alfa Financial, United Carpets, Airea, Cambridge Cognition, 7digital and QUIZ
Quiz shares halve as continued discounting forces it to slash profit forecasts once again
The Great British public just isn’t splashing the cash at the moment, and poor Quiz is struggling to almost give away its skirts, tops and dresses
How JD Sports bucked the high street doom and gloom once again
Analysts reckon it’s a combination of factors, although most of thing come back to the same thing: JD sells things that today’s youth want to buy
Archive
Small Cap Movers: Faroe Petroleum calls time as Norway’s DNO wins hostile takeover battle
A look back at some of the more interesting stories from the junior market over the past week
Quiz shares plunge 30% as retailer slashes profit guidance after Christmas discounting
Quiz wasn’t selling as many clothes and accessories over Christmas as it had anticipated, so it took the decision to cut prices which will dent margins and full-year profits
Marks & Spencer investors braced for a tough Christmas after ASOS warning
With consumer confidence at its lowest ebb for almost a year, just what is in store for M&S
Quiz shares rise as it reports half-year growth despite profit dent from House of Fraser collapse
The AIM-listed clothing retailer reported EBITDA for the period of £5.6mln, up 11% on the same period a year ago, while revenues climbed 19% to £66.7mln
Archive
Troubled retail sector in focus as Quiz, Topps Tiles and Pets at Home report latest results
The day ahead includes full year results from Topps Tiles and Pets at Home along with interims from Quiz and Pennon
ASOS: The high street killer
If video killed the radio star, ASOS, with a little help from its online peers, is killing off the high street