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asos news and archive

Management

Asos posts jump in annual profit

Total sales at Asos Plc grew by 19 percent to 3,263.5 million pounds and profit before tax increased to 142.1 million pounds, an increase of 109 million pounds for the year to August 31, 2020. The company said in a statement that active customer base grew by 3.1million to 23.4 million, up 15 percent from the previous year. EBIT for the year...

Oct 14, 2020

Retail

Asos Marketplace adds charity boutiques for AW20

Asos Marketplace, the platform from online retailer Asos that features more than 1,000 independent brands, is adding five new charity boutiques for autumn/winter 2020. 
 New to the platform this year are Cancer Research UK and Royal Trinity Hospice, while returning from last year’s collaboration with Asos Marketplace are Oxfam Festival Shop,...

Oct 12, 2020

Retail

What if online stores took to the high street?

How would online retailers fare if they were to compete on the UK high street? That’s what European technology firm Raisin has tried to find out. Using mobile and desktop search visibility versus revenue, the company has visualised how much space online shops command in comparison to physical stores in a “virtual high street”. In terms of...

Oct 7, 2020

Retail

The Welsh Government supports former Laura Ashley workers

Fashion-Enter Ltd (FEL), a social enterprise specialising in training and manufacturing, has hired 77 former Laura Ashley workers with the support of the Welsh government. FEL is planning to open a new production centre in Powys. It comes after the company secured a major contract with online fashion retailer Asos. With additional support from...

Oct 5, 2020

Fashion COMMENTARY

How circular is Asos’ first circular fashion collection?

After two years of hard work that started at the Copenhagen Fashion Summit in 2018, British online fashion retailerAsos launched its first circular collectionin cooperation with the Centre for Sustainable Fashion on Monday. The 29-piece “Circular Collection” challenges the misconception that circular and sustainable clothing can’t be...

Oct 1, 2020

Fashion

Asos unveils debut circular fashion collection

Online fashion retailer Asos has launched its first circular collection, featuring trend-led and fashion-forward styles across clothing and accessories, which have all been designed and made to meet “industry-leading circularity principles, with no compromise on product or price”. The circular fashion collection marks the first following its...

Sep 28, 2020

Retail

Study says Buy Now Pay Later schemes are tempting shoppers with debt

Research by credit broker platform Money.co.uk shows buy now pay later (BNPL) schemes are tempting shoppers into taking on unsustainable debt. Young shoppers are taking advantage of deferring payments for small ticket items, with fast fashion retailers Nasty Gal, Boohoo and Pretty Little Thing ranking as the top three brands for BNPL website...

Sep 3, 2020

Business

Shopping online? This is what retailers know and do with data

The convenience of online shopping has changed the world of e-commerce and how we shop for clothes. Online sales have been a lifeline to many retailers when physical stores were forced to close during the pandemic, but what are they doing with the data they collect from shoppers? From every ‘add to a wish list,’ basket or payment, the world’s...

Sep 2, 2020

Fashion

Asos targets TikTok audience with a new campaign

Online fashion retailer Asos has launched a three-week campaign on TikTok in the UK and the US, featuring more than 25 leading content creators, with a combined following of over 219 million. At the heart of the campaign is the #AySauce branded hashtag challenge, featuring a bespoke music track and an interactive augmented reality (AR)...

Aug 25, 2020

Report

Asos raises full year revenue and profit outlook on strong demand

Asos plc expects sales and profit growth for the full year to be ahead of market expectations. The company anticipates revenue rise between 17 percent and 19 percent with PBT in the region of 130 million pounds-150 million pounds. The company said in a statement that improvement in expectations is supported by stronger than anticipated...

Aug 12, 2020

Business

Asos calls on brands to make ethical manufacturing pledges

Asos is asking its brand partners with a UK manufacturing presence to strengthen their commitment to transparency and responsible action by pledging to make four new ethical manufacturing commitments as a condition to their products being sold on its website. Third party brands will be asked to sign up to the Transparency Pledge, which requires...

Aug 7, 2020

Business

Asos, a pandemic winner, to repay furlough cash

A minority of fashion companies saw sales surge during the lockdown period, including Asos, which posted stronger than expected results for the four months to June 30. The online retail giant said it would pay back the funds it claimed from the government for furloughing its staff after sales increased. Asos group sales increased by 10 percent...

Jul 16, 2020