Asos share price opens lower after “Black Friday” style outage as customers clamour for discount June 1, 2015 Shares in online retail giant opened 1.5 per cent lower at 3,630p after a day-long outage prevented thousands of customers from taking advantage of a 20 per cent discount. Banners on the website advertised a 20 per cent discount on "Every. Single. Thing", causing customers to flock to the site. But it failed to stand [...]
Asos hires Capquest boss Helen Ashton as new chief financial officer April 14, 2015 The chief financial officer merry-go-round continues. Today, it's the turn of Asos, which has hired Helen Ashton to take on the role being vacated by Nick Beighton. Ashton, who is currently chief executive of debt management business Capquest, will join in September. She will join the board at the same time. Beighton has already moved [...]
Asos profit hurt after lowering prices overseas April 1, 2015 SHARES in Asos jumped as much as nine per cent yesterday after the online fashion giant drew a line under last year’s disastrous performance and posted a better-than-expected decline in first-half profit. The group, which targets twenty-something shoppers, had a rollercoaster year after a fire broke out at its warehouse in Yorkshire and international sales [...]
Asos UK sales soar but half year profit is cut by 10pc April 1, 2015 Asos' share price soared more than six per cent this morning after releasing a bullish statement for the rest of the year. The figures Asos has reported a rise in group revenue for the first half to 28 February, with group sales climbing. 14 per cent. UK retail sales soared 27 per cent but profit before [...]
ASOS looking swish with 19pc increase in quarterly sales March 12, 2015 ASOS, the online clothing retailer, reported a fashionable 19 per cent increase in sales to £290.1m, up from £244m last year, for the three-month period to 28 February. The better-than-expected performance was a welcome relief for the firm after a difficult 2014 forced it to issue a string of profit warnings as shares plummeted and [...]
Asos shares soar 17 per cent as etailer gets back on track with sales up in the UK and overseas March 12, 2015 Asos's share price soared 17 per cent this morning as it appeared to be back on track, reporting quarterly growth of 19 per cent after a difficult period that included a profit warning. The figures The etailer, which took a stumble a few months ago, appears to be back in its comfort zone. [...]
Asos boss Nick Robertson sells £20m-worth of shares January 28, 2015 Asos boss Nick Robertson has had a lucrative afternoon. The founder and chief executive of the hugely succesful etailer has sold nearly 750,000 shares, worth more than £20.2m. The shares were sold at an average price of just over 2,716p each. It puts January pay day into perspective for the rest of us. [...]
Asos share price rises following positive end to 2014 January 13, 2015 The figures British online fashion retailer Asos ended 2014 on a very positive note, with the Christmas period pushing sales up by 15 per cent in the six weeks to 9 January. The news caused shares to rise by 7.1 per cent to £26 when markets opened this morning, and they were still performing [...]
Christmas 2014: Amazon delivering until December 24, while Marks & Spencer, House of Fraser and Asos face capacity problems December 16, 2014 Worried you've left it too late to order Christmas presents online? You need to get your skates on if you want to avoid paying for special delivery, but some retailers are offering premium services up to the last minute. A new survey of retailers has found a number of businesses that promise to deliver [...]
Asos sales slow as strong pound dampens international growth December 9, 2014 Online fashion retailer Asos suffered a slowdown in sales in the first quarter of the year, after the strong pound dented its international business. The company said its total retail sales rose eight per cent to £246m in the three months to 30 November, down from a 15 per cent rise the previous quarter. [...]