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Quiz cited the challenging retail landscape, coupled with "cost, management time and the legal and regulatory burden" of trading on Aim, as some of the main reasons for its decision to delist from the sub-market of the London Stock Exchange (LSE).
The business's planned last day of trading will be 22 January 2025 and the cancellation will take effect at 7am on 23 January 2025, following a vote during its general meeting on 8 January.
The decision to delist is supported by Quiz's shareholders, the business stated in a regulatory announcement.
Revenue at Quiz fell 5.7% year on year for the four months to 30 November, as the womenswear retailer warned of a "marked decline" in both online and in-store traffic in November.
The decline in revenue in November led the board to review the group's "financing and strategic options and has engaged advisers to consider appropriate options".
The business said it expects to report an unaudited pre-tax loss of around £4.1m for the six months to 30 September, and will announce its interim results in mid January 2025.
It said that demand in December has shows "signs of improvement" with revenues broadly consistent with the prior year on a like-for-like basis, but store sales continue to lag.
Quiz said that it expects trading to continue to prove challenging throughout 2025 as a result of the continuation of the cost of living crisis, high business rates, rising costs and low consumer confidence.
It has previously stated that existing banking facilities could be fully utilised by the first quarter of 2025.
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