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‘Fast fashion’ company Quiz (QUIZ) has announced results for it half-year ended 30th September 2020 and that “as at 25 January 2021, the group had £3.0 million of cash and £3.5 million of undrawn bank facilities. This will support the business's initiatives to further diversify the product range and ensure the group is well positioned to respond to an anticipated increase in demand for its core occasion wear offering in due course”. Will it?...

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Fashion retailer QUIZ plc (QUIZ) has announced results and “looking ahead, we remain confident in the strength of our brand”. At a little changed 7.2p share price, the market cap is though currently below £9 million...

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Fashion retailer Quiz plc (QUIZ) has updated including it “is encouraged by the consistent improvement in like-for-like sales in recent weeks” and “rental terms for the reopened stores are consistent with those targeted by the group. They provide a flexible cost base going forward with rents payable predominantly based upon revenues generated rather than previous higher fixed rental arrangements. The average lease length on these stores is 24 months” – and the shares have currently responded to 8p, more than 7% higher...

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An “Extension to banking facilities” announcement from fashion retailer Quiz plc (QUIZ) – and the shares have currently responded to 7p, approaching 13% higher...

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Previously writing on fast-fashion company Quiz plc (QUIZ), last month I noted with the shares at 7.5p with its retail store portfolio uneconomic anyway, “Restructuring” utilising COVID-19 excuse – concluding noting “is in discussions with regards to securing a longer-term bank facility”. With a viable business still needing to be demonstrated here, despite the prospective release of various liabilities, at this juncture I certainly continue to avoid. Now a “Response to Media Reporting” announcement, commencing “QUIZ is extremely concerned by information recently reported in the media regarding an alleged instance of non-compliance with National Living Wage requirements in a factory making QUIZ products in Leicester”...

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