Fashion retailer Quiz has said the success of its state of the art distribution centre, which opened in 2016, has provided the base for the business to grow revenues profitably.
Speaking at its latest year-end results, published this week the retailer said that in the year ended 31 March it extended the space used in its distribution centre by 40% to 232,000 sq ft at a cost of £0.8 million.
The company said the extension was to meet the increasing requirements of its online business. As part of the initiative the number of packing stations available to fulfil online sales is trebling – up from 24 to 78, said the company’s chief executive.
At head office meanwhile, Quiz has expanded its space for its enlarged marketing and newly created web development teams by converting space that was previously used as a distribution centre prior to 2016.
The company said along with store expansion and investment in IT it will continue to invest in its distribution facility during the year. “We are pleased to report a very good performance for the QUIZ brand during the year with excellent progress achieved from our omni-channel growth strategy,” said the company’s founder and chief executive officer Tarak Ramzan.
“The brand has continued to deliver rapid growth online, with revenues up 158% year on year, as well as strong growth in international target markets and across our UK store and concession estate,” said Ramzan.
Image credit: Quiz