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Group revenue dropped 9.3% at Quiz Clothing for the seven weeks to 4 January, even after it reported “being pleased” with sales across the Black Friday week.
Quiz CEO Tarak Ramzan and CFO Gerry Sweeney have blamed macro-economic factors for the retailer’s drop in revenues, but remain optimistic that it will be profitable again within the next two years.
While opportunities for women are improving across fashion retail, Drapers’ research reveals there is still much to be done to create parity with male counterparts at board level.