IN BRIEF: Quiz says UK sales slump in April to May on cost of living
27th Jun 2024 11:59
Quiz PLC - Glasgow, Scotland-based omnichannel fashion brand - Revenue from April 1 to May 31 reduced to GBP13.8 million, down 11% from GBP15.5 million the same period a year prior. Company says UK sales impacted by ongoing cost-of-living pressures, although encouraged by a 12% increase in demand for products internationally. Efforts to manage cost base and working capital continue. Bank facilities totalling GBP4.0 million renewed for a further twelve months to June 30, 2025. As on June 26, net borrowings at GBP1.6 million and total liquidity headroom of GBP2.4 million. Read More