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<\/p>\nA tough start to the year for the high street<\/h2>\n<\/p>\n
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It seems like each week brings the collapse of another high street chain these days, with a number falling into administration in recent months.<\/p>\n
The latest to enter administration is UK clothing brand Quiz, while at least 109 people are at risk to lose their jobs.<\/p>\n<\/div>\n
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Quiz, which currently has 40 stores across Britain, cited \u201cdisappointing\u201d profits over the festive period and the rising costs as issues.<\/p>\n<\/div>\n
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Less than a week ago, the chain filed a notice of intent to appoint administrators.<\/p>\n<\/div>\n
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The company, which has operated since 1993, appointed Alistair McAlinden and Geoff Jacobs from Interpath as joint administrators.<\/p>\n<\/div>\n
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The chain also operates seven concessions in Ireland, and according to Interpath it employed around 565 members of staff.<\/p>\n<\/div>\n
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The fashion retailer has gone through \u201cchallenging trading conditions\u201d over the past year, the advisory firm said.<\/p>\n<\/div>\n
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Revenue fell below expectations during the Christmas trading period, both online and in-store, despite stronger than anticipated sales through to the end of September.<\/p>\n<\/div>\n
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No \u201csolvent solutions\u201d were available which led to the decision to place the company into insolvency, in spite of \u201ctireless\u201d efforts to safeguard the future of the chain.<\/p>\n<\/div>\n
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\u201cWe regret to inform you Quiz is currently offline. Our stores will remain open for a period of time. We are grateful to everyone that has supported us over the years\u201d, a notice reads on the official Quiz website.<\/p>\n<\/div>\n
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However, Interpath did confirm that while they assess options for the business, it will continue to trade all 40 stores and seven concessions.<\/p>\n<\/div>\n
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All items \u201csold as seen\u201d and returns are only accepted on the grounds that the goods are faulty, while a stock clearance sale will commence immediately across all stores, with all items \u201csold as seen\u201d.<\/p>\n<\/div>\n
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No cash or credit card refunds will be issued for customers, while there is an option given to substitute the purchase for an item or equal or lesser value.<\/p>\n<\/div>\n
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Customers are also informed that anyone who has \u201cyet to receive a refund [online], will regrettably, not receive a refund\u201d, while the Quiz website will not go back online.<\/p>\n<\/div>\n
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\u201cCustomers should contact the provider of the credit or debit card which was used for payment and seek assistance\u201d, the online statement continued.<\/p>\n<\/div>\n
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Meanwhile, it was also confirmed that \u201conline orders that have not yet been despatched will, regrettably, not be fulfilled\u201d.<\/p>\n<\/div>\n
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\u201cWith Quiz the latest retailer to fall into administration, there\u2019s no doubt it\u2019s been a tough start to 2026 for the UK high street\u201d, Alistair McAlinden, head of Interpath in Scotland and joint administrator said.<\/p>\n<\/div>\n
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\u201cWe are tremendously grateful for the support of Quiz\u2019s employees and directors who will work alongside us as we trade the business over the coming weeks.\u201d<\/p>\n<\/div>\n
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#Major #clothing #retailer #collapses #administration<\/p>\n","protected":false},"excerpt":{"rendered":"
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