In a bustling era where high street meets digital, Itim Group PLC, a pioneering force in retail technology, has inked a groundbreaking contract with QUIZ clothing, a beacon in the fast fashion industry. This announcement, heralding a five-year partnership, not only catapults Itim into the vibrant world of fast fashion but also signifies a seismic shift in how retailers are adapting to the omnichannel demands of today’s consumer. As the news broke, Itim’s stock responded with a vigorous 30% ascent, underscoring the market’s buoyant reception of this strategic alliance.
The collaboration between Itim and QUIZ clothing is not just about numbers on a balance sheet; it’s a testament to the transformative power of technology in retail. By adopting Itim’s soon-to-be-rebranded ‘UNIFY’ platform, QUIZ aims to revolutionize the shopping experience across its 73 stores and 274 concessions in the UK.
itim Group plc (LON:ITIM) is a SaaS-based technology company that enables store-based retailers to optimise their businesses to improve financial performance and effectively compete with online competitors. Itim adds retail value by helping multi-channel retailers optimise their business and their stores to improve financial performance and compete more effectively with the “Amazons”.
