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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Jan- 2020 -23 JanuaryAnalysis
Asos bounces back from tricky period
Back in July last year Retail Sector reported that Asos was having problems. It had issued a profit warning, suggesting profits were likely to be about one-third of what was originally anticipated. It was an interesting moment in the retail world, because the narrative for the whole of the last…
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23 JanuaryOnline & Digital
Asos sees 20% increase in group revenues
Online retailer Asos has reported a 20% increase in group revenues to £1.6bn, attributed to a “record” Black Friday and “strong” customer engagement activity. During the four month period ending 31 December 2019, Asos also saw its total retail sales increase by 20% to £1.7bn compared with £895m the previous…
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Nov- 2019 -21 NovemberPeople Moves
Arcadia appoints former De Vere chief as chair
Arcadia has appointed the former chief executive of the hospitality group De Vere, Andrew Coppel, as its new chair. Coppel will assume the chairmanship of Taveta Investments Limited, Arcadia Group Limited and Top Shop/Top Man Limited. Arcadia said he is an “experienced executive” having held a variety of cross sector…
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13 NovemberAdvice
A festive general election: how will retailers survive Christmas 2019?
For retailers, the closer it gets to Christmas, the more political uncertainty there is leading to dwindling consumer confidence and irrefutable anticipation of poor festive sales. After a year of struggle for retailers across the country and more odds against them, how can this festive season be the most profitable…
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Oct- 2019 -16 OctoberOnline & Digital
Asos profits nosedive 68% in full-year results
Online fashion retailer Asos has reported a 68% decrease in profits before tax to £33.1m, during the year to 31 August 2019. The retailer said the decrease was the result of transition costs of £45m during the period, up £20m on the prior year reflecting a “substantial” amount of one-off…
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14 OctoberAdvice
Returns: Can you charge the customer?
“Can I charge for returns?” Well… Yes. But of course, it isn’t quite as simple as that. What to do about returns is one of the biggest challenges facing internet retailing. Fast fashion – and ASOS in particular – have struggled to deal with the increasing tendency for consumers (particularly…
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Sep- 2019 -3 SeptemberAdvice
Fast fashion and the role that retailers have to play in tackling it
The fashion industry has never been without its critics, but today it seems to be drowning in them. PETA’s iconic ‘I’d rather go naked than wear fur’ billboard campaign of the early nineties, when the likes of Kim Basinger, Pamela Anderson and Christy Turlington were persuaded to get their kit…
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Aug- 2019 -7 AugustComment
Buy Now, Pay Later: Here to stay?
The idea of Buy Now, Pay Later has always been around in the retail market, with companies such as Layaway operating with US supermarket giant Walmart for decades. Yet with the rise in popularity of the electronic credit card halting the growth of this form of payment option in the…
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Jul- 2019 -18 JulyHigh Street
Asos issues profit warning amid ‘operational issues’
Online retailer Asos has issued its third profit warning this year, on the release of its trading statement for the four months up to 30 June. The retailer cited “operational issues” as one of the contributing factors to the profit warnings, and the expected steep decline in profits. The retailer…
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18 JulyAdvice
How retailers can safeguard against serial returners
Serial returners are having a drastic impact on ecommerce retailers. In 2018, online returns from clothing cost UK retailers £70bn. With the roll-out of ‘buy now, pay later’ services, such as Klarna, are retailers encouraging shoppers’ non-committal attitude? In recent months, retailers have taken firm action against those abusing returns…
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