fy16 news and archive

Quiz reports 17 percent increase in profits for FY16

London - Womenswear retailer Quiz reported strong financial results for the year which ended March 31, 2016, which were driven by the retailer's omnichannel growth. The fast fashion group saw revenue increase to a record 87.4 million pounds, up from 78.2 million pounds in 2015. EBITDA grew 18 percent to 7.1 million pounds and profit before tax...

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Shoe Zone’s profits decline as loss making stores are shut

Value footwear retailer Shoe Zone revenue dropped 4.6 percent during the six months to April 2, 2016, down from 78.2 million pounds during the first half of FY15 to 74.6 million pounds, reflecting the closure of 23 loss making stores and temporary stores. During the first half of FY16, the footwear retail group report a 4.5 percent decline in...