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Asos

  • Worst kept secret confirmed as Crozier moves to head up BT

    August 17, 2021

    Adam Crozier has been confirmed as the new chairman of BT following the retirement of Jan du Plessis. It has been known for some time that Crozier would be taking up the post after The Sunday Times revealed that he had beaten off three other candidates for the post earlier this month. Crozier is an [...]

  • Sale rates soar for online retailer ASOS

    July 15, 2021

    Online fashion giant ASOS saw sales continue to skyrocket despite physical competitors re-opening, per the firm’s latest market update. UK sales increased 60 per cent for the retailer in the four months to the end of June, with active customers growing by a further 1.2m. Chief executive officer Nick Beighton said, “ASOS has delivered another [...]

  • Asos enters deal with Nordstrom to bolster Topshop’s US presence

    July 12, 2021

    Asos has teamed up with the US’ Nordstrom, which will see Topshop clothes sold in brick and mortar stores for the first time since the brand fell into admission last year. The joint-venture will see Nordstrom snag a minority stake in Topshop, Topman, Miss Selfridge and HIIT brands, which joined Asos’ pre-existing online platform following [...]

  • Asos bags record profit as pandemic continues to drive sales

    April 8, 2021

    Asos’ profit has soared to record levels as the online fashion retailer has continued to benefit from the boom in demand for online shopping during the pandemic.  The ecommerce giant reported this morning that adjusted profit before tax – not including acquisition costs – hit £112.9m in the six months ended 28 February, a £82.8m [...]

  • Top of the shops: Asos sales growth set to continue due to lockdown gains

    April 1, 2021

    Asos is set to report a further jump in earnings and sales as continuing lockdown restrictions have kept consumers shopping online.  Revenue is expected to jump 22 per cent to around £1.95bn when it updates shareholders on its trading performance for the half year to February. Earnings are also expected to surge 135 per cent [...]

  • Asos purchases Arcadia’s principal brands to improve its own quality perception

    February 3, 2021

    Online fashion giant Asos has announced it has beat competitors to purchase the four main Arcadia brands – Miss Selfridge, HIIT, Topman and Topshop – in order to become the number one fashion destination for young, fashion-conscious shoppers worldwide. Chief executive Nick Beighton said that the brands were a “natural fit” and resonated with their [...]

  • Asos shares jump as retailer confirms exclusive talks to buy Topshop

    January 25, 2021

    Shares in Asos jumped more than five per cent this morning after the online retail platform announced it is in exclusive talks to buy Topshop – the jewel in the crown of Sir Philip Green’s collapsed business empire. Asos said this morning that it is in discussions with Deloitte – Arcadia’s administrator – to buy [...]

  • Asos emerges as frontrunner to buy Topshop

    January 24, 2021

    Online retail giant Asos is now the frontrunner to buy Topshop, the flagship brand of Sir Philip Green’s collapsed high street empire Arcadia. Asos has reportedly put in an offer of more than £250m to buy Topshop, according to Sky News, days after Next withdrew from the race. If Asos’ bid is successful, the future [...]

  • Christmas sales hike drives strong revenue growth at Asos

    January 13, 2021

    Sales at fashion retailer Asos surged in the four months ending in December as the online shopping boom continued amid the coronavirus pandemic. The firm said that the hike in sales had led to a better-than-expected growth in revenue over the period leading up to Christmas. As a result of the strong start to the [...]

  • Asos to create 2,000 jobs with new UK warehouse

    January 8, 2021

    Online fashion giant Asos has pledged to create 2,000 new jobs via a £90m new warehouse in Staffordshire, the company announced this morning. The new 437,000 square ft site in Lichfield “will serve Asos’ growing number of customers in the UK and around the world”, the retailer said in a statement. Asos has seen sales soar [...]

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