There are growing concerns that popular fashion retailer Quiz may shut down all of its stores in the UK, including one in Cardiff . The company, which specializes in party dresses, is reportedly on the verge of appointing administrators, casting uncertainty over the future of its 1,500 employees, 60 stores, and numerous concessions and franchises. The news has sparked an outpouring of sadness on social media, with fans describing the potential closures as "heartbreaking".
However, the high street is facing unprecedented pressure due to rising costs. Quiz, which is headquartered in Glasgow, is not the only retailer struggling, as WH Smith recently announced plans to sell its High Street business, putting 5,000 jobs at risk, while Sainsbury's is cutting 3,000 jobs across various departments. With a history spanning over three decades, Quiz has been a staple in the UK fashion industry since its first store opened in Glasgow.
For the latest restaurant news and reviews, sign up to our food and drink newsletter here The brand expanded rapidly in Scotland and now boasts large stores in major cities such as Cardiff, Liverpool, and Manchester, as well as concessions in New Look and international branches in Saudi Arabia, Pakistan, and Kuwait. In 2017, Quiz was valued at £245 million, but it encountered difficulties in June 2020 during the COVID-19 pandemic, resulting in store closures and job losses. From April, employers' national insurance rates will rise by 1.
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