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Asos and Fashion-Enter team up with Kornit Digital

Asos and Fashion-Enter Ltd are partnering with Kornit Digital, a worldwide market leader in digital textile printing technology, to explore sustainable on-demand textile production. Online retailer Asos and its supplier Fashion-Enter will implement Kornit Presto to test the adoption of efficient, low-impact direct-to-fabric digital textile...

May 4, 2021

Business

Asos calls for the 2015 Modern Slavery Act to be strengthened

Asos has called for the implementation of mandatory human rights due diligence legislation in the UK to strengthen the 2015 Modern Slavery Act. Such legislation, currently being developed by the European Commission for the EU, would if, introduced in the UK ensure that companies take steps to prevent and mitigate risks and protect vulnerable...

Apr 28, 2021

Fashion

DPD teams up with Asos to collect pre-loved clothing for free

Asos is partnering with DPD on an initiative to allow customers to arrange charity donations to be collected from the doorstep with their Asos order. The circular economy initiative, DPD’s ReLove service will see the delivery company collecting pre-loved clothing and delivering to one of five leading UK charities, free of charge. The service is...

Apr 15, 2021

Management

Asos looks to raise 500 million pounds for global expansion

Asos has announced plans to raise 500 million pounds to drive its global expansion a day after the British fashion giant reported surging profits for the first half of the year. The company said it is offering 500 million pounds of senior unsecured guaranteed convertible bonds due 2026 through its subsidiary Cornwall (Jersey) Limited. Asos said...

Apr 9, 2021

Management

Asos posts surge in H1 profit, sales jump 25 percent

Retail sales at Asos plc grew 25 percent to 1,976 million pounds, while pre-tax profit increased by 253 percent to 106.4 million pounds, with consistently strong performance throughout the period. The company said in a statement that growth was in part driven by exceptional performance in the UK where retail sales grew by 36 percent in P1 and...

Apr 8, 2021

Fashion

Shopping online? Beware of the digital carbon footprint

Fashion’s shift to digital is not as sustainable as we may have been led to believe. The more time we spend online, the greater the need for electricity, which has seen internet usage increase 40 percent worldwide in 2020. A study by Yale university shows a surge in digital activity – from online shopping to following a fitness class to meeting...

Mar 22, 2021

Retail

Asos, Boohoo, THG and more launch trade body to support e-commerce sector

British retailers Asos, Boohoo, Gymshark, The Hut Group (THG), Ocado Group and AO World have launched a new trade body to support and promote the country’s fast-growing digital-commerce sector. The newly-founded UK Digital Business Association (UKDBA) said it “will champion the sector” as it adapts to “ever-changing consumer needs”, while...

Feb 24, 2021

Retail

Asos expands Topshop and Topman ranges

Asos doubles Topshop and Topman offering, following its purchase of the two brands from Arcadia, and is launching a two-week international targeted customer awareness campaign. Topshop and Topman have been stocked on Asos since 2019 and the e-tailer is looking to inform customers of both brands that they can now shop from Asos following its...

Feb 22, 2021

Management

Asos acquires Arcadia labels for 265 million pounds

British online retailer Asos has announced the acquisition of Topshop, Topman, Miss Selfridge and HIIT brands for 265 million pounds. The company said that the transaction is fully cash funded from existing cash reserves. Additionally, Asos will purchase 30 million pounds of stock upfront to support initial trading before these brands are...

Feb 1, 2021

Retail

Asos may keep Topshop's Oxford Circus flagship if acquisition goes ahead

British e-tail giant Asos could reportedly retain Topshop’s flagship store on Oxford Circus if it goes ahead with an acquisition of the brand. The three-storey building has been a retail icon since opening back in 1994, living through the great rise, and then subsequent fall, of the brand’s owner, Arcadia. Chiefs at Asos, which this week...

Jan 26, 2021

Retail

Retail ranking of UK’s digital leaders

UK retail is the top industry sector for digital maturity for the first time, with nine out of the top ten spots in the list being retailers, according to a new report by management and technology consultancy, BearingPoint. The ‘UK Digital Leaders Study 2021’ report reveals that Ocado is the most digitally enabled in the sector, followed by...

Jan 26, 2021

Report

Asos in ‘exclusive talks’ to snap up Topshop, other Arcadia brands

Asos has confirmed that it has joined the race to acquire brands from collapsed retail empire Arcadia. The British e-tailer said Monday it has entered exclusive talks with the administrators of Arcadia over the acquisition of the Topshop, Topman, Miss Selfridge and HIIT brands. Rival British Fashion retailer Next, which was earlier thought to be...

Jan 25, 2021