Itim shares surge on "multi-million-pound" contract with Quiz

(Alliance News) - Shares in Itim Group PLC rocketed on Tuesday, after it said it has won a ...

Alliance News 27 February, 2024 | 10:12AM
Email Form Facebook Twitter LinkedIn RSS

(Alliance News) - Shares in Itim Group PLC rocketed on Tuesday, after it said it has won a contract with Quiz PLC.

Itim is a London-based software solutions provider to retailers. Its shares were up 93% to 35.00 pence each in London on Tuesday morning.

Meanwhile, shares in Quiz, Glasgow, Scotland-based fashion retailer, were down 2.3% to 5.62p.

Itim said it has won a five year "multi-million-pound" contract with Quiz.

It noted that Quiz is "the first fashion retailer in its customer portfolio to implement the end-to-end retail platform as well as its new wholesale module."

Under the contract, Quiz will use the platform to drive omni-channel customer journeys online, via an app and in store, alongside driving its core retail and wholesale businesses.

Chief Executive Ali Athar said: "We are delighted to have been selected by Quiz to work with them to enhance and expand their omni-channel capabilities. This important contract demonstrates the breadth and depth of our platform and our ability to add value in the highly customer-centric fashion sector."

Quiz also said it expects to provide a general trading update for 2023 "shortly."

By Sophie Rose, Alliance News senior reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2024 Alliance News Ltd. All Rights Reserved.

Email Form Facebook Twitter LinkedIn RSS

Securities Mentioned in Article

Security Name Price Change (%) Morningstar
Rating
Itim Group PLC Ordinary Shares 37.00 GBX 0.00 -
QUIZ PLC 4.69 GBX -3.30 -

About Author

Alliance News

Alliance News provides Morningstar with continuously updating coverage of news affecting listed companies.

© Copyright 2024 Morningstar, Inc. All rights reserved.

Terms of Use        Privacy Policy        Modern Slavery Statement        Cookie Settings        Disclosures