Struggling fashion retailer Quiz reported its half-year results on Wednesday and said that it saw increased demand as life got almost back to normal, with revenue growing, plus a return to EBITDA profitability.
Improving the customer experience is paramount for retailers, and Very Group’s signature online platform has made a major leap in that area. It's moved to a stockless fulfilment model for the Adidas and Reebok brands.
The sale of four Arcadia brands to ASOS on Monday was no surprise. But what was a surprise was that no mention whatsoever was made of the future of store jobs at the Topshop, Topman, Miss Selfridge and HIIT businesses.
Quiz reported its interim results on Tuesday and while the company had been struggling for some time, it faced even bigger challenges in the period to the end of September. And the pain has continued since then.