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