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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Sep- 2021 -17 SeptemberOnline & Digital
Asos announces plans to meet ESG goals by 2030
Asos has announced the launch of its “fashion with integrity” (FWI) 2030 programme, a plan aimed at ensuring it meets its ESG goals by 2030. The plan includes a commitment to achieve net zero across the full value chain by 2030. The online retailer said the FWI 2030 programme is…
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1 SeptemberM&A
US investment firm acquires 10% Boohoo stake
Boohoo has announced that T Rowe Price, a US investment firm, has acquired a 10% stake in the company. The deal makes the global investment group Boohoo’s third largest shareholder, overtaking Invesco and sitting just behind Jupiter Fund Management and co-CEO Mahmud Abdullah Kamani. As of 13 July 2020 there…
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Aug- 2021 -23 AugustClothing & Shoes
Asos hunts for fifth warehouse to improve delivery capacity
Asos is reportedly planning to open a fifth warehouse in continental Europe in a bid to improve its home delivery capacity, according to The Telegraph. The online giant is said to have told investors of the plan this month, and is reportedly in the “early planning stages” of setting up…
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18 AugustAdvice
In-store retail is due for a comeback: how to succeed in the post-vax reopening
Bricks and mortar retail has had a difficult year, and while the situation is improving as vaccines roll out, it’s clear that business as usual is still a long way off. The sector is still reeling from the impact of the Covid crisis, and retailers of every size have been…
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17 AugustPeople Moves
Asos confirms exit of chairman Adam Crozier
Asos has confirmed the exit of chairman Adam Crozier, as the head jumps ship to take up the same role at telecommunications company BT. In a statement made to investors, the online retailer said that Crozier informed the board that he “intends” to step down from the position he served…
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9 AugustHigh Street
Forever New opens first UK store
Australian fashion retailer Forever New has opened its first store in the UK in Meadowhall Shopping Centre, Sheffield. Forever New said its collections are a ”unique blend of seasonal trends, feminine silhouettes, and of-the-moment detailing”. The initiative comes after the launch of the retailer’s international website in 19 countries in…
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9 AugustClothing & Shoes
BT set to poach Asos chairman
The chairman of Asos, Adam Crozier is reportedly planning on jumping ship over to BT to take up the same role at the company, according to The Sunday Times. The appointment follows the decision by BT to roll out “full-fibre broadband” to 25 million premises by 2026, having received “favourable…
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9 AugustAdvice
Retail in the age of data: What we can learn from Netflix
Have you ever wondered how Netflix ‘knows’ which movies to recommend? Or how does the entertainment giant choose themes for some of the most popular productions in the film industry? Data. Data. And some artificial intelligence (AI) – that would be the answer in a nutshell. Data lies at the…
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Jul- 2021 -19 JulyHealth & Beauty
Sephora agrees £132m Feelunique takeover deal
French cosmetics group Sephora has reportedly agreed a takeover deal with Jersey-based beauty retailer Feelunique for £132m. According to ITV News, the deal will include Feel Unique’s online arm as well as its three Channel Islands stores. The deal marks an expansion into the UK by the LVMH owned cosmetics…
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15 JulyClothing & Shoes
Asos sales rise 26% despite Covid ‘uncertainty’
Asos has reported that total sales soared 26% to £1.24bn in the four months ended 30 June 2021, up from the £983.3m reported the previous year, as the retailer continued to attract more customers. Total group revenue also increased over the period, rising by 27% to £1.28bn, up from £1.01bn…
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