ASOS

Retailers vs. returns: is cracking down costing brands more than it’s saving?

Asos became wrapped up in another controversy in late June after the online giant, which shipped 67.2 million orders last year, confirmed it had closed the accounts of “a small number” of customers for returning more clothes than they kept. According to the retailer, this is in breach of its…

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Asos appoints new CFO

Asos has announced the appointment of director of group finance, Aaron Izzard, as chief financial officer and executive director, effective from 1 July.  He will succeed current chief financial officer Dave Murray, who is stepping down to pursue other opportunities. Murray will remain with the online fashion retailer for a…

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Today’s news in brief-25/4/25

The John Lewis Partnership has appointed Andy Mounsey as its new chief financial officer, effective immediately. Mounsey, who had been serving as interim CFO since last autumn, brings 13 years of experience within the business, including roles as Group Finance and Strategy director. A chartered accountant with prior experience at…

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Topshop to return to high streets through wholesale partners

Asos has signed agreements with a selection of wholesale partners to put Topshop back on the high street, the group has confirmed in its financial results released yesterday (24 April).  While these deals will bring the brand back to brick-and-mortar retailers, Asos is still prioritising the relaunch of a standalone…

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Today’s news in brief-24/4/25

Chancellor Rachel Reeves is reviewing the Low Value Import scheme, which allows goods under £135 to enter the UK tariff-free, amid concerns over Chinese companies flooding the market with cheap products. Major retailers like Next, Currys, and Sainsbury’s have warned that such imports could undercut UK businesses. The potential reform…

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Asos H1 losses narrow amid turnaround despite sales dip

Asos losses narrowed to £69.5m in the first half of the year, down from a loss of £120m the prior year, the “strongest sign” its new commercial model is working, according to the group.  Despite the narrowed losses, sales were down by 13%, driven by continued annualising declines in old…

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US tariffs and De Minimis changes: What you need to know

Global markets may well be rebounding after President Trump announced a “universal 10%” tax on all imports, except China which has now been hit with a 125% levy. Although many who had anticipated a global economic crisis may feel a sense of relief today, the reality remains that the United…

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Topshop’s comeback: a boon for the high street?

Topshop is back. Once a beacon of British high street fashion, the brand has teased its return to reclaim its position in the retail landscape. But in an era dominated by digital-first brands, resale platforms, and evolving consumer habits, does Topshop have what it takes to thrive again? The journey…

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Today’s news in brief-26/3/25

John Lewis is close to securing approval for its housing project in Reading, transforming a former customer collection facility into 215 homes, including 49% family-sized units and 10% affordable rentals. The development, featuring shared workspaces, a gym, and communal areas, is part of an £80m investment in rental housing. A…

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Frasers ups stake in AO World to 25%

Mike Ashley’s Frasers Group has revealed it has increased its stake in fashion retailer  Brown to 25.01%, according to the latest holding documents filed by the company.  It now holds 145,148,997 voting rights in the company.  The news comes as the electrical retailer AO raised its full-year forecast to between…

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