Quiz, which is listed on AIM, has issued a warning that it expects to post a full-year loss unless consumer confidence improves. The fashion retailer reported revenues of £37m for the three months to 31st August which was 15.3 per cent down on the same quarter last year. Its online sales had fallen significantly. The retailer operates 64 of its own stores plus a further 61 concessions.
The business said that if weak trading conditions continue its FY sales would be between six and seven per cent lower than current market expectations and that this would result in a loss of £15m + as against the £2.3 million pre-tax profit produced last year.
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