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Quiz off to a good start

Quiz off to a good start

A 35 per cent rise in revenues and a 31 per cent improvement in adjusted pre-tax profits. Now, guess the retailer. No, it’s not Asos (ASC), Amazon (US:AMZN) or even boohoo.com (BOO). It’s market newcomer and clothing chain Quiz (QUIZ), which specialises in more upmarket fast-fashion. There was strong growth across all parts of the business during the first half of the financial year, including online, internationally and across the UK store and concession estate. The number of active online customers, defined as those who have transacted in the past 12 months, increased 86 per cent to 262,000, while the July IPO – costs from which weighed on reported profit growth – also generated cash of £10.3m to help develop the online platform.

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