Asos is set to boost the UK economy by 3.8 billion pounds and support an additional 25,000 jobs within the next four years, according to the online retailer’s first-ever economic impact report. The online retailer’s total economic impact in the UK grew to 1.8 billion pounds in 2019-20, providing vital support to UK GDP at the height of the...
8 hours ago
A report has suggested that ex-Farfetch executive, Andrew Robb, is among a list of candidates that are possibly being considered to become Asos’s new CEO, to succeed Nick Beighton. The decision for the 2.3 billion pound digital retailer will be a big one, as it saw its shares halve over the last year following uneasiness from its investors due...
9 hours ago
Supply chain woes have hurt Asos stock levels, with the fast fashion giant having to fly in clothes in order to manage delays. The company’s main fulfilment centre is in Barnsley, South Yorkshire, where, however it is in the US where Asos said it was unable to fulfil orders: “significant port congestion and supply chain disruption inhibiting our...
Jan 14, 2022
Asos plc reported revenue growth of 5 percent CCY or 2 percent reported in P1 to 1,393.1 million pounds. The company said in a statement that guidance for the year remains unchanged with revenue growth expected in the range of 10 percent to 15 percent and adjusted PBT of 110 million pounds to 140 million pounds. The company also announced its...
Jan 13, 2022
A new report by Research and Markets has found that more than half of the global retail growth is projected to come from online sales between 2020 and 2025, as the global fashion market continues to shift towards the digital as covid-19 persists. The platform’s annual Global Clothing B2C E-Commerce Market report further added that around 10...
Jan 3, 2022
Anyone who takes a quick look at the news over the past year will have noticed one business trend: takeovers, takeovers and takeovers. Various fashion groups seem to be actively in the acquisition game, while other companies were presented with an opportunity that they could not turn down. To sum it all up: these were the most notable...
Dec 30, 2021
Asos has released its 2021 Trends Report, and has predicted a surge of 16 million people looking for sales on Boxing Day. The report surveyed 2,000 UK adults. Data from Asos’ 2021 Trends Report has predicted that the British customer will have spent an average of 136 pounds per person on Boxing Day, with 2.1 billion pounds to be added to the UK...
Dec 28, 2021
In this video, Asos has presented the Adidas and Ivy Park collaboration. Watch the video below. Click here to read more about the collection. Video: Asos via YouTube Photo credit: Image: Adidas
Dec 14, 2021
Online fashion retailer Asos and the Centre for Sustainable Fashion have released the Asos Circular Design Guidebook to help designers, students and fashion brands design and create fashion products that support the circular economy. The 112-page interactive resource is the latest element of a multi-year collaboration between Asos and the Centre...
Nov 16, 2021
Online fashion giant Asos has opened a new ‘state-of-the-art’ fulfilment centre in England that it says will create 2,000 new jobs. Asos said it will invest a total of 90 million pounds in the 437,000 square foot facility, which is located in Fradley Park, Lichfield, and will serve customers in the UK and 150 other countries across the world....
Nov 5, 2021
Fashion retailer Asos has announced a new influx of policies designed to help those going through health related life events. The policies went into effect on October 7. With Asos employing over 3,800 people worldwide, the policies aim to reduce stigma around the listed health issues, and increase awareness. Open to all genders and any...
Oct 12, 2021
For the year to August 31, 2021, Asos plc reported total sales growth of 22 percent to 3,910.5 million pounds. The company said that growth was underpinned by exceptional performance in the UK which grew at 36 percent, whilst internationally sales growth in both the EU and US was 15 percent and 21 percent, respectively, reflecting the wholesale...
Oct 11, 2021
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