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Quiz plc – interims argue has funds to “support the business's initiatives”. Does it?...

‘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?...

EPIC QUIZ
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Quiz plc – “Retail Store Portfolio and Trading Update”, ‘encouraged’?

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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