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Good post david - big opportunity to improve the UX and merchandising on the website. Just copy Sosander as a starting point, as you suggest. I think Quiz is a very targeted brand. They know their core consumer, but the need to offer her a better on line experience. All quite easily fixed.
They did another prepack back in 2008/9 after which the business was very successful resulting in the IPO in 2017 . Paul Scott on Stockopedia has written a very insightful piece and rates Quiz as high risk with the a real potential to multibag. Stocko isn't cheap but it has paid for itself every year that I've been a member.
Retail is recovering - a recent report said that is 3% up on last year but the lead is being taken by online retail for as we all know, the high street is suffering badly. For that reason I'm very interested in online retail. My man reservation with Quiz is that if you compare its website with Sosandar it looks a bit amateurish whereas Sosandar is vibrant and eye catching. One example is when you place your cursor on a dress it shows another view . Not rocket science but very useful I imagine when buying a dress. Long term I much prefer Sosandar.
By the way, I'm not interested in BooHoo as it is already on an astronomical valuation.
Hopefully back over 10p soon
something..
Looking like my punt might just come off. This is looking a lot better all of sudden. HSBC seem content so all eyes on next trading update there must be one due soon.
QUIZ in action. high: 7.4999. RSI(14) stands at 59.28 with positive bias.
http://www.stoxline.com/uk/stockuk.php?s=quiz
Great potential now.
Banks feel supportive
Expensive leases dumped
Double your money from here
Thoughts on the RNS?
It's starting to move again. We could see a big and rapid jump (I hope). Looks very cheap.
Cash reserves and overdraft higher than market cap. How is that possible? I suppose its such a low margin business but they have shed their profit draining leases. HSBC likes the story so these shares do currently look as cheap.
From today's RNS: "In addition to the Facilities, as at 13 August 2020 the Group had net cash of 5.70m."
If they can pull off a recovery, this could be spectacular!
(Invest cautiously and wisely and DYOR)
Best
Happy
:-)
Excellent RNS, banks still clearly have trust. Can't wait for the trading update. Online is flying, let's see if they can recover from here.
Might as well throw mine in.
I'm in. Only punt money because it is errr....a punt.
Move to ditch retail stores and go online only gives this a chance imo. Lack of advertising spend is a concern but hopefully the budget can be increased if they come through the storm.
Hobi is in. Liked that RNS that cavendish are out. Online shopping is storming it and I expect Quiz would have taken advantage. Looking forward to the next update. DYOR and I could be totally wrong
I hold around 20,000 shares. I can see why the family hasn't bought, given they own a ton of shares in the first instance. Any more, and they may need to take company private/ buy it out.
Point taken. One for my watchlist I think.
No - especially when the Quiz Directors/family members have not bought.
Tiny mkt cap. Anyone considering it?
Fast-fashion company Quiz has said it is 'extremely concerned' by claims made as part of an undercover investigation that one of its suppliers was underpaying workers.
The firm stated it was 'very grateful to the press for highlighting the alleged breaches' and was committed to conducting a 'full review' of its auditing processes.
It is the latest issue to hit the struggling clothing brand after its store-owned business went into administration last month after experiencing declining footfall and sales at its high street stores in recent years.
My guess is that if this practice is actually more widespread than expected, police raids will follow. Possibly with Immigration investigators. Arrests may follow. I am sure the newspaper will have recorded everything so denials will be hollow.
Harriet Harman M.P. who chairs the Parliamentary Committee on Rights said: “It’s shameful that the big brand retailers are just turning a blind eye when they know there is a problem down the supply chain. It’s not good enough for brands to say they don’t know about it. It has to be their business to know about it.”
I am certain she will not let go of this subject very easily.
this is sky news headline right now,
same as every U.K. manufacturing company, every client wants to buy “cheap“ and no one wants to take in to account the higher wages here or pay accordingly for it. Subcontracting out to Others to create a buffer isn’t the answer, expectations and prices just have to go up or it’s back to Asia / Africa for manufacturing.
If a supplier has sub contracted to company not paying the minimum wage , whereby bringing the Quiz into disrepute , Quiz should take legal action against them . This would stop this practice , and send out a clear message to others.