REG - itim Group PLC - Contract Win with QUIZ clothing

ITIMAnnouncement

27/02/2024 07:00

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RNS Number : 4997E  itim Group PLC  27 February 2024

27 February 2024

 

itim Group plc

 

("itim" or "the Company" and together with its subsidiaries "the Group")

 

Contract Win with QUIZ clothing

 

itim Group plc, a SaaS based technology company that
enables store-based retailers to optimise their businesses to improve
financial performance, is pleased to announce the contract win and go live of
itim's Omni channel retail platform for QUIZ clothing, a fashion retailer
specialising in occasion wear and dressy casual wear with 73 stores and 274
concessions in the UK.

 

This five year multi-million-pound contract is a significant achievement for
itim, as 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.  The addition of the wholesale module and fashion capabilities
completes The Retail Suite product development and will enable itim to offer
our platform to other fashion retailers. QUIZ will utilise the platform to
drive omni-channel customer journeys online, via an app and in store,
alongside driving its core retail and wholesale businesses.

 

itim's Retail Suite product, soon to be rebranded as UNIFY, provides its
customers with a full omni-channel offering which allows retailers to drive
sales and profitability by adopting the principles of Unified Retailing.

 

Ali Athar, Chief Executive Officer, commented:

"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."

 

The Company also expects to provide a general trading update for the period
ended 31 December 2023, shortly.

 

 

Enquiries:

 

 Itim Group plc                   Ali Athar, CEO      0207 598 7700

                                  Ian Hayes CFO

 WH Ireland (NOMAD & Broker)      Katy Mitchell       0207 220 1666

                                  Harry Ansell

                                  Darshan Patel

 IFC Advisory                     Graham Herring      0207 3934 6630

                                  Florence Chandler

 

This announcement contains inside information for the purposes of Article 7 of
the UK version of Regulation (EU) No 596/2014 which is part of UK law by
virtue of the European Union (Withdrawal) Act 2018, as amended ("MAR"). Upon
the publication of this announcement via a Regulatory Information Service,
this inside information is now considered to be in the public domain.

 

 

ABOUT ITIM

itim was established in 1993 by its founder, and current Chief Executive
Officer, Ali Athar. itim was initially formed as a consulting business,
helping retailers effect operational improvement. From 1999 the Company began
to expand into the provision of proprietary software solutions and by 2004 the
Company was focused exclusively on digital technology. itim has grown both
organically and through a series of acquisitions of small, legacy retail
software systems and associated applications which itim has redeveloped to
create a fully integrated

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