Quiz issues profit warning after weak Christmas sales

Womenswear retailer blames discounting for second profit
downgrade in three months

Quiz has issued its second profit warning in just over three
months, as the womenswear retailer’s woes continue following a
weaker than expected Christmas.

The company said heavy discounting meant its main measure of
profits for the 2019 financial year would be £8.2m, 29% lower than
the £11.5m it expected when it cut its forecasts in October.

Source: FS – All-News2-Economy
Quiz issues profit warning after weak Christmas sales