Online retailers including Asos and Boohoo set to be the winners of the festive season January 8, 2017 Retailers with a strong online offering are set to be some of the biggest winners of the festive season's trading, with analysts pencilling in sales jumps for Asos and Boohoo of 30 per cent and 46 per cent respectively. The City had been fearful that the festive period was a bloodbath for retailers after Next [...]
Christmas Day online shopping will peak at this surprisingly late time for the post-millennial “Generation Z” December 25, 2016 Most people will be aiming to put their feet up after Christmas lunch today and zone out in front of the TV – but there's one group of people who will be driving a late-night shopping boom this evening. Not content with their new stash of presents, "Generation Z", the post-millennial cohort who were born in [...]
Lingerie brand Bluebella secures £1m through crowdfunding for US expansion December 14, 2016 The British brand which created the official Fifty Shades of Grey lingerie has raised £1m – double its original target – in a crowdfunding campaign. Bluebella turned to its fans for help funding an expansion to the US, and reached a grand total of £1,088,700 by the time the campaign ended. Founder Emily Bendell said: [...]
Asos is creating 1,500 new jobs at its Camden headquarters December 12, 2016 Asos has proven online fashion retail is still firmly en vogue – after it said it wants to create another 1,500 jobs at its Camden headquarters, and is taking another 40,000 sq ft to house them. The roles will stretch across disciplines including technology, marketing, content and retail, it said this morning. That means it [...]
Black Friday UK 2016: Fashion deals available today November 25, 2016 Black Friday is upon us so it's probably time to completely overhaul your wardrobe – here's a roundup of the best deals among high street and designer brands. Asos has a massive 20 per cent off all clothing if you use the code GOGOGO – the sale is running over the weekend. High street favourite [...]
M&S dresses for success by choosing food over fashion November 9, 2016 As Marks & Spencer announces its turnaround plan, now is a great time to analyse how the retailer has reached this point, and whether a revival is possible. M&S reported falling sales and profits in the six months to the end of September and said it will close more clothing and home stores, and convert many [...]
Asos to move employees onto a higher living wage in the next 18 months October 18, 2016 Hitting back at accusations that it mistreats workers, Asos said today it will be moving employees onto the living wage foundation level of pay over the next year and a half. The Living Wage Foundation sets a separate minimum wage for employers that companies opt-in for. Currently, companies in the scheme pay a minimum of £8.25 [...]
Asos reports soaring sales despite fashion industry woes October 18, 2016 Online fashion giant Asos has reported soaring sales despite the widespread struggles of the fashion industry. The figures Retail sales came in at £1.4bn, up 26 per cent, in the year to 31 August, with £603.8m coming from the UK. Read more: Asos set to bag a Brexit win this week Pre-tax profit for the year [...]
Asos set to bag a Brexit win this week when it reports its results October 16, 2016 Asos is set to be crowned a Brexit winner this week when it reports its results for the year on Tuesday, with profits expected to rise by over 30 per cent. Half of Asos' customers are overseas, helping the online retailer mitigate against the pain of the slump in sterling. It's fortunes are in stark [...]
Tour de France extends partnership with Human Race October 9, 2016 Britain may have rejected hosting next year's Tour de France but that hasn't stopped the owners of the French race snapping up one of Britain's largest organisers of mass participation cycling races. The Amaury Sports Organisation (ASO) has paid millions of pounds for Surrey-based events company Human Race according sources close to the deal. The news [...]