Asos sales double as the website defies downturn

NE f

NE fashion store Asos yesterday said it had defied the retail recession, announcing that sales doubled last year thanks to the trend towards shopping for clothes online.<br /><br />Chief executive Nick Robertson &ndash; who owns 14 per cent of the business &ndash; hailed the &ldquo;phenomenal&rdquo; results, but warned that the group is anticipating more conservative growth in years to come.<br /><br />In the year to the end of March, the group reported a 104 per cent leap in revenues to &pound;165.4m and said full-year pre-tax profits were &pound;14.1m &ndash; a 93 per cent rise in-line with market expectations.<br /><br />But the firm said that, since April, sales have been up just 52 per cent compared to last year. &ldquo;Anyone who is talking about &lsquo;green shoots&rsquo; in the economy needs to go to Specsavers,&rdquo; Robertson said.