Britain is world’s leading online retail exporter January 20, 2014 BRITAIN’S online retail industry generated a bigger trade surplus than any other country last year thanks to thriving overseas demand for UK fashion brands and websites such as Burberry and Asos. A study out today from OC&C Strategy Consultants and Google reveals that UK online retailers exported a net £720m more goods than were imported [...]
Resource Guru raises £530,000 January 19, 2014 Resource Guru, the London-based online team scheduling service with clients including ASOS and Vodafone, has raised $870,000 (£530,000) from Index Ventures in order to accelerate hiring and fund product development and customer acquisition. “We’ve been impressed how Resource Guru tackled this problem with its simple to use online tool that leads to huge time savings [...]
Slump for Asos despite stellar Christmas sales January 14, 2014 ASOS shares slid yesterday despite the online fashion retailer posting another set of glowing results, boosted by sales in Europe and a surge in UK customers clicking online in the run-up to Christmas. The retailer’s shares fell as much as seven per cent before closing down three per cent yesterday, with analysts pointing to an [...]
Bottom Line: Time to take stock after an incredible year January 14, 2014 LAST year was huge for Asos. As the online retailer launched both Russian and Chinese language sites and increased sales by 40 per cent from 2012, shares rocketed – climbing 140 per cent in just 12 months and giving the firm a market capitalisation of close to £6bn. That’s huge. If chief executive Nick Robertson chose [...]
Asos storms forward as Christmas sales leap 38pc January 14, 2014 Asos' stellar Christmas has demonstrated the draw of online shopping over the high street – the fashion giant saw sales jump 38 per cent to £36m in the four months ended December. Analysts had predicted a 35 per cent rise in sales over the festive period; the store said it's enjoyed "another strong Christmas", with [...]
Online fashion giant Asos set to reveal sparkling Christmas sales January 12, 2014 ONLINE fashion giant Asos is set to report a leap in sales of as much as 38 per cent tomorrow thanks to rising demand in Germany and a strong performance in the UK. The online retailer is expected to have bucked the gloom faced by many bricks and mortar retailers this Christmas, with Peel Hunt [...]
London Report: Retailers reveal where tills rang for Christmas January 12, 2014 RETAILERS are expected to reveal where UK shoppers showed their Christmas cheer, with a round of results in contrast to last week’s gloomy December tidings. Figures out this week from retailers such as Argos, Asos, Dixons, Ocado and Primark are expected to show increased sales. The successes are in contrast to the sales dips seen [...]
Asos and M&S downgraded by UBS. Here’s why December 18, 2013 Some sobering news for UK clothes retailers this morning, as UBS cut its ratings for both Marks and Spencer and Asos from 'buy' to 'neutral'. M&S is trading in the red, having shed over four per cent to 434p, and is topping the FTSE 100's biggest fallers this morning. UBS said: We cut our forecasts [...]
Best of the Brokers for 18 December 2013 December 17, 2013 To appear in Best of the Brokers, email your research to notes@cityam.com ASOS Panmure Gordon has downgraded the online fashion store from a buy to a hold rating,but as increased its target price from 5,950p to 6,126p. After a 124 per cent rise in the share price this year, Panmure thinks this momentum is unsustainable, [...]
Best of the Brokers for 04 December 2013 December 3, 2013 To appear in Best of the Brokers, email your research to notes@cityam.com SMITH & NEPHEW Morgan Stanley has raised its rating from equal-weight to overweight and raised its target to 904p from 757p. The broker thinks new products will offset a decline in market share and that the company will reap the benefits of a cost-cutting [...]