WOMEN’S fast-fashion brand Quiz saw strong sales during the crucial festive trading period, booking a 32 per cent rise in revenues for the seven weeks to January 6.
The AIM-listed firm, founded in Scotland, saw international sales lift 51 per cent compared to last year, driven by hefty revenue growth from its Irish stores and the roll-out of three new shops in Spain.
UK sales were 12 per cent higher, while online revenues soared by 119 per cent.
Quiz chief executive Tarak Ramzan said: “We are pleased with Quiz’s continued strong momentum across the group’s omni-channel business model during the important Christmas trading period.
“This growth reflects the strength of our brand and the appeal of our products to customers who want the latest looks at fantastic value.
“We are continuing to execute our growth plans in each area of the business, underpinned by continued investment in our marketing, people and infrastructure.
“We continue to look forward with confidence as we build on our strategy to develop Quiz as a global fast-fashion brand.”
The 119 per cent increase in the group’s online revenue was driven by continued growth on the Quiz website, as well as through new and existing thid-party online retailers.
Quiz said the strong performance also reflected a growing awareness of the brand.
Shares were up close to 1 per cent following the trading update.
Meanwhile, fashion chains Ted Baker and Superdry also revealed impressive festive sales figures.
Ted Baker rose 7 per cent in morning trading on the London Stock Exchange after retail sales jumped 9 per cent in the eight weeks to January 6 compared to the year before.
Online sales proved a bright spot for the retailer, increasing 35 per cent over the period and counting for nearly a third of total sales.
Ted Baker chief executive Ray Kelvin said: “The Ted Baker brand has continued to perform in line with expectations over the Christmas period, delivering a good retail performance driven by particularly strong growth from e-commerce, which is an increasingly important part of our retail business.”
The owner of Superdry also enjoyed a healthy Christmas performance, with like-for-like retail sales climbing 4.7 per cent for the 10 weeks to January 6.
The fashion firm booked a 13 per cent rise in group revenue to £215.6 million during the period, as online and wholesale revenues expanded by 31 per cent and 20 per cent respectively.
But the update came as Supergroup revealed a 28 per cent fall in half year pre-tax profits to £9.1m. Group sales lifted by a fifth to £402m for the six-month period, thanks in part to a £12m boost from a favourable currency translation.
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