Quiz issues profit warning after weak Christmas sales

Womenswear retailer blames discounting for second profit downgrade in three monthsQuiz has issued its second profit warning in just over three months, as the womenswear retailer’s woes continue following a weaker than expected Christmas.The company said heavy discounting meant its main measure of profits for the 2019 financial year would be £8.2m, 29% lower than the £11.5m it expected when it cut its forecasts in October. Continue reading...