Asos shares soar as retailer orders £200m equity raise April 7, 2020 Shares in Asos rose by a third today after the fashion retailer announced a bumper share sale in a bid to shore up its finances during the coronavirus crisis. Asos unveiled plans for a placing of up to 18.8 per cent of issued share capital to protect against a “prolonged downturn” caused by the pandemic. [...]
Asos chases away blues with record Black Friday performance January 23, 2020 Online retailer Asos beat the January blues with this morning’s trading statement as revenue grew 20 per cent across the group for the final four months of 2019. The fashion firm said that the growth, which was consistent across all of its divisions, was due to record Black Friday sales. Total sales hit £1.1bn, driven [...]
Asos appoints first chief growth officer November 25, 2019 Asos has appointed its first chief growth officer to strengthen its senior management team as it recovers from a drop in profit following a botched international expansion. The online retailer said Robert Birge, who was previously chief marketing officer at travel search site Kayak and media agency IMG, will join the company on 3 December. [...]
Asos doubles down on Black Friday after profit dives 68 per cent October 16, 2019 Asos has vowed to boost its Black Friday discounting this year after a “disappointing” attempt in 2018 weakened the fashion retailer’s bid to attract new customers. The online marketplace offered a 20 per cent discount to consumers on the annual shopping event last year, however today the firm admitted its offer had been “uncompetitive” compared [...]
Asos to appoint Ocado boss to board as it plots leadership shake-up October 1, 2019 Asos is set to announce a raft of new boardroom appointments as it looks to rebuild investor confidence after a series of profit warnings. The online retailer will tomorrow announce several new non-executive directors, including Luke Jensen, the chief executive of Ocado’s tech solutions arm, Sky News reported. Read more: Asos profit warning: Three factors [...]
Has ASOS just issued its third and final profits warning? July 23, 2019 | City Talk By Graeme Evans from interactive investor. With ongoing operational issues aplenty, investor confidence hinges on a belief in stock market adages. Warehouse troubles drove ASOS (LSE:ASC) to a third profits warning in less than a year as the fast-fashion giant slipped even further behind the market value of upstart rival Boohoo Group (LSE:BOO). Shares dived as much as 22 per cent [...]
Asos profit warning: Three factors behind online retailer’s fall from grace July 18, 2019 Shares in fast fashion retailer Asos plummeted this morning as the online marketplace warned that profits will be lower than expected this year. The company blamed this morning’s profit warning – its second in just over six months – on operational issues at new warehouse facilities in Europe and the US. Operational issues plague retail [...]
Asos prepares job cuts as sales slump July 7, 2019 Around 100 jobs are at risk at Asos’s London headquarters as the online retailer battles with slumping sales. The fast-fashion brand is consulting on a round of redundancies, which will mainly affect the marketing department, the Sunday Times reported. Read more: Eurozone retail sales see suprise fall in May Asos issued a warning in December, [...]
Podcast: Why invest in AIM shares? June 27, 2019 | City Talk AIM is 24 years-old! To celebrate, our head of equity strategy Lee Wild and head of markets Richard Hunter discuss why it can be a happy hunting ground for investors, and how to do it successfully. AIM was launched in 1995, has a combined market capitalisation of more than £70 billion, and is home to [...]
Why ASOS just dived to a multi-month low June 26, 2019 | City Talk By Graeme Evans from interactive investor. With an impressive recovery in 2019 unwinding in spectacular fashion, how far will the shares fall? A downgrade for ASOS (LSE:ASC) shares yesterday flagged margin pressures as the former high-flying stock attempts to drive global expansion in the face of fast-fashion rivals including Boohoo (LSE:BOO). The note from UBS analyst Olivia Townsend suggests that recent [...]