Asos sees sales soar with strong UK market and new growth in US and Russia
Online retailer Asos has announced UK retail sales up 47 per cent for the three months to the end of August with 49 per cent growth in the UK. (Release)
Retail sales for the year were up 40 per cent year-on-year.
The company had 7.1 million active customers at the end of August, up 42 per cent for the same period last year.
Chief executive officer Nick Robertson commented:
International growth continues to be driven by the countries in which we have dedicated websites and in-country teams, and was particularly strong in Europe, driven by France, Germany, Italy and Spain. We also saw strong growth in the US and in Russia, following the launch of our Russian website. International equated to 64% of our total retail sales over the period compared with 65% last year, reflecting the strength of our core UK business during the quarter.
This morning, ASOS shares were up 10 per cent: