Retailers, don’t blame poor sales on the weatherman October 29, 2018 In the longstanding narrative of the “death of the high street”, analysts point in all directions to identify the causes of changes in customer spend in any given period. And, in true British fashion, one problem that is given a lot of attention is the weather. The weather is somehow both the cause and the [...]
Asos appoints ex-Britvic finance chief as new CFO October 23, 2018 Asos today appointed Britvic chief financial officer Mathew Dunn as its new CFO. The exact start date is yet to be announced, though the online retailer has said that Dunn will join the firm in spring 2019, leaving Britvic to take on the role. Read more: Shares in Asos soar on news of boosted profits and revenue [...]
Shares in Asos soar on news of boosted profits and revenue October 17, 2018 Shares in online fashion giant Asos soared 15 per cent this morning as it revealed profits were up 28 per cent and sales grew by 26 per cent during a "record year" of investment. Revenue at the retailer was £2.4bn in the year to August 2018, up from £1.9bn in the previous year, while profit before tax grew from [...]
Why technology won’t transform every brand’s Fashion Week October 15, 2018 Now that this year’s Fashion Weeks in London, Milan, New York, and Paris have all come to a close, many people are questioning the role of a runway show in today’s age, and whether it could be brought into the twenty-first century. Some brands are embracing the latest technology to satisfy modern consumer demands by making [...]
Asos teams up with Google to launch a shopping skill for Google Assistant October 11, 2018 Asos is expanding into voice-assistant technology in a partnership with Google, making it one of the first UK fashion retailers to debut on Google Assistant. Customers in the UK and US will be able to engage with Asos' fashion chatbot Enki, starting a conversation using the phrase "Hey Google, talk to Asos" on a smartphone or [...]
AIM high as daily share trading on alternative market hits record highs September 30, 2018 The value of traded shares on alternative exchange AIM more than tripled in two years, a new report has found. Spurred by success stories like ASOS, Boohoo and Fever-Tree, the average value of daily trading per company on the market grew to £328m, up from £109m in 2015/16, accountants UHY Hacker Young said. The growth [...]
Blistering summer puts the heat on Zalando September 18, 2018 Online shopping giant Zalando suffered a 17 per cent drop in its share price this morning, as the firm cut its 2018 outlook for the second time in as many months. The German-based retailer now expects adjusted earnings before interest and tax (EBIT) between €150m and €190m (£133m-£197m), compared with the previous guidance at the low [...]
Asos share price falls as etailer confirms Nick Robertson to leave after 15 years; Nick Beighton to take reins September 2, 2015 Asos' share price tumbled this morning as the etailer confirmed boss Nick Robertson is stepping down as chief executive of the company he founded 15 years ago. Chief operating officer Nick Beighton will take on the reins with immediate effect. Robertson will stay on as a non-executive director. Beighton has been at Asos [...]
Asos founder Nick Robertson steps down as boss September 1, 2015 Asos founder and boss Nick Robertson is expected to announce his departure from the top job at the fashion website this morning. Read more: Asos goes from annus horribilis to the height of fashion Robertson who set up the company, one of the UK’s most high-profile tech success stories in 2000, has told the board he [...]
Asos goes from annus horribilis to the height of fashion July 21, 2015 Online clothing retailer Asos has seen a major turnaround in its fortunes over the past year. Despite being hit be several profit warnings and a major fire at its Barnsley, Yorkshire, depot, retail sales for the four months to the end of June increased 27 per cent in the UK, while international sales were up [...]