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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Aug- 2020 -12 AugustClothing & Shoes
Asos forecasts rise as returns fall
Asos has announced that sales and profit for its full year of trading are expected to be “significantly ahead” of market expectations. The retailer said that revenue growth is now expected to be between 17% and 19%, with profit before tax in the region of £130m to £150m. The strong…
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Jul- 2020 -20 JulyClothing & Shoes
UK retailers call for ‘urgent action’ to end labour exploitation
A number of fashion retailers including Asos, Missguided, River Island and M&S have called on the Home Secretary, Priti Patel, to take “urgent action” to address exploitation in the UK’s fashion supply chain. Retailers including George at Asda, Joules, Matalan, Morrisons, Mountain Warehouse, N Brown, Next and The Very Group,…
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16 JulyCoronavirus
Asos to consider legal action against Leicester supplier
Asos is reportedly considering legal action against a Leicester supplier after it was found to be in breach of its ethical standards during the lockdown period. According to The Guardian, following an “ethical audit” the online fashion retailer has classed one of its suppliers as “red critical” meaning that action…
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15 JulyClothing & Shoes
Asos reports 10% sales rise during lockdown
Online fashion retailer Asos has reported a 10% increase in group sales to £1.01bn amid the Covid-19 pandemic and has said it is on “track” to deliver “strong profit growth” across its financial year. In the four months to 30 June, sales growth was driven by its international retail sales,…
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14 JulyComment
Risk, regulation and reputation: The three ‘R’s for retailers
The three ‘R’s are the building blocks for our children’s education. The joy of re-visiting these as a parent-teacher in lockdown has not been unbridled, but a necessary and worthwhile investment that will hopefully reap dividends. Retailers devising survival strategies likewise need a diligent focus on the three ‘R’s of…
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Apr- 2020 -15 AprilComment
Will Boohoo’s bubble soon burst?
It’s fair to say that Boohoo was the success story of 2019. It achieved staggering growth and is now worth more than Marks and Spencer – an incredible achievement for a relatively nascent brand. But, as it continues its market domination, you do have to wonder when the good news…
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8 AprilOnline & Digital
Asos reports 25% drop in sales amid Covid-19 crisis
Online retailer Asos has reported a 25% decrease in group sales over past three weeks as the UK battles the Covid-19 pandemic, despite a 21% increase in revenues to £1.6bn in its half-year results. In the six months to 29 February 2020, Asos also reported a 21% increase in retail…
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Mar- 2020 -27 MarchClothing & Shoes
River Island shuts distribution centre
River Island has announced the temporary closure of its distribution centre in light of the ongoing coronavirus pandemic. The fashion retailer said that the move would help to protect its teams and “make sure they can do the right thing to keep their families and community safe”. The group said…
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26 MarchClothing & Shoes
Asos ‘playing Russian roulette’ with employees, says GMB Union
Asos has been accused of “playing Russian roulette with people’s lives” by the GMB Union, one of the largest trade unions in the UK and Ireland. The union claims that social distancing has not been enforced in the fashion retailer’s “packed” warehouses amid the coronavirus pandemic. It is now calling…
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Feb- 2020 -20 FebruaryComment
Mindfulness in omnichannel retail – the key to a successful future
Mindfulness and being more conscientious about the impact of retail operations is fast becoming a top business priority for online brands, and one we will continue to see develop in 2020. With 88% of consumers wanting retailers to help them make a difference, being aware of the implications that retail…
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