🚨 High Street Alert: Fashion Chain Quiz on the Brink! 🚨
In shocking news for fashion lovers, Quiz, the popular women’s fashion retailer with 40 stores across the UK, is facing financial turmoil. Around 1,000 jobs are at risk as the company has filed a notice to potentially bring in administrators.
The cost-of-living crisis has hit hard, dragging sales down and leading to significant losses for the brand. After shutting 23 stores last February due to decreasing customer interest and difficult Christmas sales, it seems like Quiz is once again in troubled waters. The brand had previously entered administration years ago but managed a comeback through a pre-pack arrangement.
Despite this gloomy news, Quiz assures customers that it’s still “business as usual” while they explore all financing options. This development follows other high street casualties this month, including The Original Factory Shop and Claire’s, both entering administration.
Stay tuned as we watch how this unfolds and hope for the best for the employees and the brand. Fashion enthusiasts, keep your fingers crossed! 🤞👗 #QuizFashion #HighStreetCrisis #RetailNews #FashionUpdates