Quiz, a fashion retailer with 40 stores across the UK, has entered administration, according to multiple reports. The company cited rising costs and low Christmas profits as reasons for the decision, as reported by major media outlets. Some Quiz stores have confirmed plans to shut down, including branches in Essex, Norwich, and Basingstoke, though the exact timeline for administration entry remains unclear.
Immediate impacts on customers include a clearance sale across all Quiz stores with discounts of up to 80%, according to multiple reports. Quiz's website has been shut down to online trade, as reported by major media. The retailer will only accept returns if an item is faulty, with no refunds to original payment methods, and will no longer accept gift cards and credit notes at any stores, according to major media.
Alistair McAlinden, Interpath Scotland head and joint administrator, stated in an official statement that as they explore options for the business, shoppers are encouraged to visit stores with further discounts available. The future of the majority of Quiz locations remains uncertain, as reported by major media. Specific options for the business's future are being explored, but details on which exact stores beyond Essex, Norwich, and Basingstoke will close, how many employees are affected, and the total debt or financial impact leading to administration have not been confirmed.