Asos’s treatment on the stock market shows up investor short-termism editorial Bold leadership takes many forms: one such is at Asos, where boss Jose Antonio Ramos Calamonte has leant in to one of the more eye-catching methods of turning round a business – selling less, to fewer people. The early indications are that the strategy is paying off, with profitability per order higher today than it [...]
Could Asos be set to offload Topshop? Retail Asos, the ailing online fashion retailer, is exploring a sale of Topshop, less than three years after it acquired the high street brand from Philip Green’s collapsed Arcadia empire. Notice of the sale could be announced as soon as Wednesday in conjunction with the digital retailers full year results, which Asos said have been pushed [...]
Asos hit by “dark destroyer” short seller Short seller Struggling online retailer Asos has been hit by a big short attack from the hedge fund Shadowfall as it attempts to recapture its pandemic-era lustre. Matthew Earl, head of investment firm Shadowfall, nicknamed the “dark destroyer”, has built a short position in Asos worth about £4m, the Sunday Times reported. Asos is the second most [...]
Asos: All eyes on pandemic poster child’s turnaround results September 24, 2023 Investors will turn their focus to online retailer Asos’s trading update on Tuesday to see if the digital fashion store has shown signs of a rebound, following its ongoing turnaround plan and bid to pick up the pieces after a post-pandemic lull. Asos was once the poster child of pandemic success, at its height buying [...]
Asos interim chief financial officer steps down December 2, 2022 Asos is set to continue its search for a new finance boss, after its interim chief financial officer (CFO) announced her exit today. Katy Mecklenburgh, who will leave the online retailer in around six months, is set to join London-listed IT group Softcat in 2023. The outgoing interim chief had only held the role since [...]
Asos suppliers cut ties amid struggling share price and profits June 7, 2023 Asos suppliers have reportedly begun to cut ties with the struggling fashion website following a move by credit insurers to pull cover amid falling profits, in a fresh knock of confidence for the brand. Leading creditors at Allianz Trade, formerly Euler Hermes, withdrew cover for suppliers last month, according to The Times, due to a [...]
Asos share price in focus after £75m cash call May 26, 2023 Asos has tapped shareholders for £75m as the loss making retailer attempts to repair its balance sheet. The pure-play digital retailer revealed the plans to investors yesterday, with the fundraising underwritten by three shareholders including Danish billionaire Anders Povlsen, the owner of Bestseller through his investment vehicle. In a separate cash building move, Asos also [...]
A fashion disaster: how Asos lost its throne to Shein (and Gen Z) November 3, 2023 Asos has Topshop in its arsenal but it has failed to recreate its dominance of the 2010’s and Shein has won favour among Gen Z buyers, writes Debbie Ellison
ASOS: Transformation plan on track as firm cuts marketing to ‘least profitable’ customers September 26, 2023 Reduced marketing spend and restrictions on buy now pay later have rooted out Asos' least profitable customers
Currys, Asos and Sainsbury’s top retail stocks this Christmas December 23, 2022 For investors looking to give their portfolios a seasonal shake-up, CityA.M. takes a look at analysts’ selections of the retail stocks to keep a close eye on in the coming weeks. Analysts at Hargreaves Lansdown chose Currys, Asos and Sainsbury’s as the three retail stocks to watch this Christmas. It comes as retailers have been [...]