ASOS
This coverage analyses ASOS’s business strategy, market performance, and role within the UK retail industry. Reporting covers financial results, e-commerce initiatives, supply chain developments, marketing campaigns, product launches, and leadership decisions. With a focus on commercial outcomes and operational strategy, it provides valuable insights for retail executives, brand managers, and professionals monitoring online fashion retail and digital transformation.
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Feb- 2024 -22 FebruaryOnline & Digital
Secret Sales FY23 sales rise 85% amid European expansion
Secret Sales has achieved an 85% rise in sales during 2023, as it continued its strategic expansion, and brand and retailer partnerships. During 2023, the retailer accelerated its European growth by entering Spain and Ireland, as well as extending its global reach to five regions and adding 250 new brands…
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13 FebruaryNews
Today’s news in brief-13/2/24
Yodel has been rescued by rival company Shift, marking a significant development in the logistics sector. Yodel, acquired by YDLGP Limited, backed by Shift and other investors, is set to merge with Shift, known for successfully revitalising the Tuffnells brand. The merger aims to create a robust logistics platform catering…
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13 FebruaryClothing & Shoes
Frasers ups stake in N Brown to 20%
Frasers Group has revealed it has increased its stake in fashion retailer N Brown to 20%, according to the latest holding documents filed by the company. The pure play retailer’s brands include Jacamo, Simply Be and JD Williams and was founded in 1859 in Manchester – where its headquarters remain…
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Nov- 2023 -27 NovemberClothing & Shoes
Asos ditches diversity goals in bonus scheme
Asos leadership team will reportedly no longer need to hit diversity targets as part of the criteria to achieve annual bonuses, according to The Telegraph. The outlet revealed that Asos has decided to prioritise financial targets as the embattled online retailer focuses on improving its share price and profit margins. …
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23 NovemberNews
Today’s news in brief-23/11/23
The British Retail Consortium (BRC) has criticised the chancellor, accusing him of neglecting larger businesses in his Autumn Statement. While the business rates multiplier for small businesses was frozen, larger ones received no relief. The decision to increase the business rates standard multiplier has drawn sharp criticism, with BRC’s CEO,…
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23 NovemberPeople Moves
Asos interim chief people officer to step down
Asos interim chief people officer, Caroline Ross, is reportedly set to step down from her role after a year at the fashion retailer, according to Drapers. The news comes after the group’s brands director, James Barron, also stepped down last month after 13 years, while menswear product director Stefan Pesticcio…
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10 NovemberNews
Today’s news in brief-10/11/23
The Office for National Statistics (ONS) has reported that the UK GDP showed no growth in Q3 2023, in contrast to a 0.2% increase in the previous quarter. Year-on-year, GDP increased by 0.6% in Q3. The services sector saw a 0.1% fall, offset by a 0.1% increase in construction output…
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10 NovemberClothing & Shoes
Asos to launch first pop-up store ahead of Black Friday
Asos is set to launch its first four-storey pop-up store in Central London from 23-26 November. The Asos In Real Life pop-up will welcome customers to an immersive space at 11 Rathbone Place, where they will be able to experience its fashion “first-hand”, with a curated edit of AW23 collections…
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7 NovemberNews
Today’s news in brief-7/11/23
Fast fashion brand Shein has reportedly expressed interest in acquiring Topshop. This comes shortly after the acquisition of Missguided and its intellectual property rights from Frasers Group. Asos, the current owner of Topshop, has been considering selling the brand to bolster its financials following a significant loss of nearly £300m…
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7 NovemberClothing & Shoes
Shein eyes Topshop move
Fast fashion brand Shein has reportedly formally registered its interest in making an offer for Topshop, The Times has reported. The news comes right after the company acquired Missguided and its intellectual property rights from Frasers Group last week for an undisclosed amount. Topshop was acquired by Asos for £330m…
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