ASOS revenue jumps 20 per cent to £3.9bn October 11, 2021 Online fashion giant ASOS has revealed strong financial results for the year ending August 2021 and announced plans to up revenue to £7bn. Gross profit soared by 15 per cent to stand at £1.8bn as successive Covid lockdowns provided a boost to online shopping with the company’s customer base growing by 13 per cent to [...]
Asos expected to reveal sales boosted by post freedom day shopping October 10, 2021 Online fashion retailer Asos is expected to outline a slowdown in sales growth this week as its profit margins take a hammering from global freight shortages. The fashion giant saw sales jump during the pandemic as shoppers turned to online shops for comfortable clothes to lock down in. Analysts said they anticipated freight shortages, currency [...]
ASOS brings 180 jobs to Northern Ireland as it launches tech hub in Belfast September 28, 2021 Northern Ireland’s Economy Minister Gordon Lyons this morning announced that online fashion retailer ASOS will invest £14m in a new Tech Hub in Belfast which will create 184 new jobs over the next three years. The new Belfast hub will be operational in early 2022, with 52 dedicated roles in the first year, growing to [...]
Fashion firm Asos joins forces with esports brand Fnatic September 24, 2021 Fashion retailer Asos and gaming brand Fnatic have inked a multi-million pound deal for a three-year partnership. London-based global esports brand Fnatic said they would launch a number of online and offline activations with the online retailer. It is the first time Asos has joined forces with an espots brand and the fashion firm’s logo [...]
Exclusive: ASOS and Boohoo lead the pack as online-only retail sales hit record £16bn September 20, 2021 Sales at the UK’s 20 biggest online-only retailers have reached a record £16.4bn in the last year, rising 22 per cent from £13.2bn the previous year, according to calculations based on Companies House data. This growth continues to be driven by the success of fashion retailers, which increased their revenues by 14.2 per cent to [...]
Asos outlines plans for lower carbon footprint September 16, 2021 Online fashion retailer Asos has set out plans to minimise its impact on the planet over the next few years. Under its Fashion with Integrity (“FWI”) 2030 programme, the company intends to become a verified net zero emissions business and use more sustainable and recycled materials by 2030. Consumers are increasingly concerned with fast fashion’s [...]
Worst kept secret confirmed as Crozier moves to head up BT August 17, 2021 Adam Crozier has been confirmed as the new chairman of BT following the retirement of Jan du Plessis. It has been known for some time that Crozier would be taking up the post after The Sunday Times revealed that he had beaten off three other candidates for the post earlier this month. Crozier is an [...]
Sale rates soar for online retailer ASOS July 15, 2021 Online fashion giant ASOS saw sales continue to skyrocket despite physical competitors re-opening, per the firm’s latest market update. UK sales increased 60 per cent for the retailer in the four months to the end of June, with active customers growing by a further 1.2m. Chief executive officer Nick Beighton said, “ASOS has delivered another [...]
Asos enters deal with Nordstrom to bolster Topshop’s US presence July 12, 2021 Asos has teamed up with the US’ Nordstrom, which will see Topshop clothes sold in brick and mortar stores for the first time since the brand fell into admission last year. The joint-venture will see Nordstrom snag a minority stake in Topshop, Topman, Miss Selfridge and HIIT brands, which joined Asos’ pre-existing online platform following [...]
Asos bags record profit as pandemic continues to drive sales April 8, 2021 Asos’ profit has soared to record levels as the online fashion retailer has continued to benefit from the boom in demand for online shopping during the pandemic. The ecommerce giant reported this morning that adjusted profit before tax – not including acquisition costs – hit £112.9m in the six months ended 28 February, a £82.8m [...]