QS saw like-for-like sales in the first two weeks of the year rise by 24%, while pre-tax profits in December rose by £3.6 million compared to the previous year.
Total sales at QS, which is being rebranded to Store 21, rose 7% to £13.7m in December compared to last year and like-for-like sales were up 5.4% during over the month.
QS chief executive Anupam Jhunjhunwala said: “We are able to weather these challenging times largely due to our existing customers and new footfall from customers looking for great value, style and quality. Our turnaround has been made possible by the support of our parent group in India, the Alok Group, and their continued support will ensure we maintain this momentum.”
He added: “We have been able to deliver this because of the excellent partnerships established with our suppliers and it is our intention to continue to build on these relationships and also to introduce new suppliers to our business. Our message is loud and clear – we offer great style, fashion and quality – and we will offer these at incredible value prices and surpass expectations.”
QS made a loss of £27.5m for the year to March 29, 2008.