Shares in the fast fashion retailer Quiz fell sharply yesterday as it warned that tough conditions on the high street showed no signs of easing.
The company said in a trading update that underlying sales since the end of March had been in line with last year. However, while its online sales were growing, it had suffered a reduction in shoppers visiting its high street shops.
The shares fell by 12.3 per cent to close down 2¼p at 16¼p after the update before yesterday’s annual meeting, valuing the company at £20 million.
Shares in the fast fashion retailer Quiz fell sharply yesterday as it warned that tough conditions on the high street showed no signs of easing.
The company said in a trading update that underlying sales since the end of March had been in line with last year. However, while its online sales were growing, it had suffered a reduction in shoppers visiting its high street shops.
The shares fell by 12.3 per cent to close down 2¼p at 16¼p after the update before yesterday’s annual meeting, valuing the company at £20 million.
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