The fashion retailer suffered a 9.3 per cent drop in sales in the seven weeks to January 4 QUIZInvestors in Quiz punished the struggling retailer yesterday after it announced another drop in sales. The fashion chain, which has 73 shops and 170 concessions, revealed a 9.3 per cent fall in sales over the seven weeks to January 4. That, in turn, pushed the shares down by 3¼p, or 17.3 per cent, to 15½p, meaning that the company has lost more than 90 per cent of its value since being floated on the stock market two and a half years ago. The retailer, which issued three profit warnings last year, said that trading had “softened” since Black Friday. Sales at its shops fell by 7 per cent during the period, while online sales were down by 14.8 per cent after Quiz severed ties with…

Source: The Times January 15, 2020 23:59 UTC