Asos hails strong quarter
Online fashion firm Asos posted a 31 per cent rise in first quarter retail sales after a strong performance from the US, Australia and resilient trading in the UK.
Online fashion firm Asos posted a 31 per cent rise in first quarter retail sales after a strong performance from the US, Australia and resilient trading in the UK.
The group said it continues to trade in line with expectations and remains positive about its outlook. Retail sales rose to £137m in the three months to June 30.
MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
CEO Nick Robertson commented: "Our UK performance was particularly encouraging given the current climate."
Growth at its International business was underpinned by a strong performance in the US, up 83%. Sales at the rest of world category bounced 61%, with most of its growth from Australia.
International sales now represent 65% of the total up from 57% last year, it said.
Asos said it continues to trade in line with expectations and retail gross margin is in line with guidance.
CJ
-
Best places to live in England and Wales in 2026 – and how much they costCriteria like value for money, natural beauty, good schools, jobs and a high quality of life are key for those looking at areas to buy a house – but how much will it cost you to live in a high ranking town or city? We reveal the best places to live in England and Wales.
-
London house prices: Is the capital's property boom over?Buyers and investors have always been drawn towards the capital’s property market. But as house prices stall, is the market as lucrative as it once was and are buyers and investors still interested?
