asos news and archive

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

Report

Asos to employ 2,000 people at new Staffordshire warehouse

Asos has announced plans to employ 2,000 people at a new 90 million pound fulfilment centre in Lichfield, Staffordshire, over the next three years. The 437,000 square foot warehouse, a joint venture between AEW and Allianz Real Estate, is based at Fradley Park and will be operational within 12 months, Asos said. The company will then gradually...

Jan 8, 2021

Retail

2020: Online fashion sales zoom while physical retailers suffer

Fashion has been the most hard hit category by Covid-19 pandemic. Compulsory store closures, work from home schedules followed by low footfall at opened stores, negatively impacted sales at almost every brick and mortar fashion retailer. According to Reuters, the Office for National Statistics report showed that clothing sales declined 19...

Dec 23, 2020

Fashion

Asos reveals “shifted shopping habits” in 2020 trend report

Online retailer Asos has released its annual trends report, which reveals that the pandemic has shifted 20-somethings’ shopping habits, with activewear and loungewear soaring as shoppers looked for comfort. During lockdown, Asos saw a corresponding uptick in customer demand for activewear, with 188,000 pairs of its Asos 4505 Icon leggings sold...

Dec 4, 2020

Podcast

Podcast: UnEdited talks about the transformation of e-commerce

In this episode, UnEdited talks about the transformation of e-commerce with fashion acquisition manager at eBay Helen Riley. Riley was one of the first employees at Asos and saw the business grow from a small e-commerce company to a globally recognised e-commerce platform. Listen to the podcast below. Source: UnEdited via Spotify Photo credit:...

Nov 23, 2020

Report

Asos announces the appointment of chief commercial officer

Asos has appointed José Antonio Ramos Calamonte as Chief Commercial Officer. The company said in a statement that this hire marks the latest appointment in a series of newly-created roles designed to further strengthen the Asos executive team and ensure the company has the strategic capability required for the next stage of growth. Commenting on...

Nov 5, 2020

Retail

Asos partners with Apexx to manage global payments

Asos has announced a partnership with global payment platform Apexx. In the new partnership, Apexx will manage the authorisation, optimisation and processing of transactions made through Asos’ Payments Orchestration Layer across several of its European markets. The service will be rolled out in more international locations at a later date. As...

Nov 4, 2020