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 [...]
Amazon’s unstoppable expansion continues with new warehouse in Northamptonshire October 6, 2016 Amazon has announced plans to open a new warehouse in Daventry, Northamptonshire, in 2017, creating 300 new jobs. The tech giant said it is responding to growing demand for its services and wants to use the opening to offer more products to its customers. Read more: ASOS says "it isn't very practical" to run a warehouse like the Victorians [...]
ASOS boss says “it isn’t very practical” to be like an employer from the Victorian era October 5, 2016 ASOS has kicked back against accusations of poor working practices in its Barnsley warehouse and has said the company looks forward to engaging with the government on the issues surrounding low paid workers. "The picture of an uncaring, secretive and exploiting employer from the Victorian times is false," ASOS said in a statement. "Actually, it isn't practical either. [...]
Asos vs Assos: Asos just paid out £20m to settle a trademark dispute September 2, 2016 In the battle of Asos vs Assos, there were only ever going to be two winners. Online retail giant Asos announced today it had settled a trademark dispute with Assos of Switzerland, a high-performance cycle wear manufacturer and German menswear retailer Anson's Herrenhaus. Asos said it will pay a total of £20.2m in cash to Assos and [...]
Sports Direct and Debenhams will be hardest hit by Brexit, according to Canadian bank RBC – here’s why August 30, 2016 Debenhams and Sports Direct are likely to be two of the retailers hardest hit by Brexit, according to Canadian bank RBC, due to currency pressures and rising costs for the industry. The analysts predicted that disposable income in 2017 would be flat – as compared to growth of around five per cent this year – [...]
Owen Smith is calling on Labour to delay its leadership election by two weeks, pushing the result to mid-October August 11, 2016 Owen Smith's leadership campaign is calling for a two week extension to the party's leadership battle following a landmark verdict forcing Labour to reassess who will be able to vote. Earlier this week a court ruled that Labour could not bar new members from taking part in the leadership selection, with Smith immediately responding with [...]
Labour leadership contender Owen Smith wants an inquiry into working practices at Asos August 10, 2016 An urgent inquiry into working practices at online retailer Asos is necessary, Labour leadership contender Owen Smith has said. Smith today called for an inquiry to deal with employment practices at Asos, warning it is "the new Sports Direct". Writing to chair of the Business, Innovation and Skills Select Committee Ian Wright, Smith asked for consideration [...]
Worldpay shrugs off Brexit concerns as bumper earnings send shares higher August 9, 2016 Worldpay shares have nudged last year's peak today after the company reported better-than-expected earnings and declared a maiden interim dividend of 0.65p per share. The UK's largest payments processor reported a rise in first-half underlying earnings and pre-tax profit. It follows a disappointing first full year for the firm as a listed company. For the six months to [...]