Glasgow-based fashion retailer Quiz has slumped to a pre-tax loss for the past financial year as it warned that store closures and Covid-19 restrictions have hammered recent sales.
It told investors that it posted a pre-tax loss of £29.4 million for the year to March 31, compared with a £216,000 profit last year.
The retailer saw its revenues for the period fall by 10% to £118 million.
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The company, which closed 11 stores earlier this year after its store operations went into administration, said sales for the six months to September slumped 73% year-on-year to £17.2 million after being hit hard by the pandemic.
Shares in the business were 1.2% lower at 7.11p.
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