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Quiz sales drop despite success on Black Friday

Jan 16, 2020 - City A.M.

FAST fashion brand Quiz yesterday reported a "disappointing" drop in sales over the crucial Christmas trading period, as both online and in-store revenue declined despite a strong Black Friday performance.

The retailer's share price plunged 17.4 per cent to 15.5p yesterday after it revealed that group revenue fell 9.3 per cent, dragged down by a 14.8 per cent drop in online sales.

The company said it ended unprofitable partnerships with a number of third-party websites, which, along ...