ASOS to hit full-year targets

Fast growing ASOS needs to keep churning out sparkling updates to retain its glamour stock status, and the online clothes seller did not disappoint with its performance in the final three months of 2011.

Fast growing ASOS needs to keep churning out sparkling updates to retain its glamour stock status, and the online clothes seller did not disappoint with its performance in the final three months of 2011.

The group said that retail sales over the period - the third quarter of ASOS's fiscal year - rose 46% year-on-year to £146.53m, with sales from the relatively mature UK business up 10% to £62.1m, versus market expectations of 5% growth.

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