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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Mar- 2024 -26 MarchNews
Today’s news in brief-26/3/24
Asos reported an 18% decline in sales during the first half of fiscal year 2024, yet maintained its profit guidance. Despite the sales dip, Asos showcased strong free cash flow performance, reaching £20m, its best since FY17. CEO José Antonio Ramos Calamonte highlighted the company’s progress in implementing its ‘Drive…
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26 MarchClothing & Shoes
Asos maintains profit guidance despite HY sales falling 18%
Asos has reported that sales fell by 18% during the half-year period to 3 March, which the online retailer maintained is still broadly in line with expectations. According to the group, it expected FY23 trends to continue through to the first half of FY24, as it worked to improve…
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15 MarchHigh Street
Ann Summers appoints finance director amid CFO retirement
Ann Summers has announced that Kristina Moln-Page has been promoted to the role of finance director, effective from 1 July 2024. She will succeed John Boyle, who will be retiring as chief financial officer after working for Ann Summers for 11 years. Moln-Page will have responsibility for the finance and…
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13 MarchPeople Moves
Matches CEO and CFO depart amid administration
Matches CEO Nick Beighton and CFO Dave Murray have departed the retailer after its collapse into administration last week, Drapers has reported. The news comes as the two senior leaders are thought to have been part of the 273 job cuts announced last Friday (8 March). A day before on…
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7 MarchNews
Today’s news in brief-7/3/24
The British Retail Consortium (BRC) criticised Chancellor Jeremy Hunt’s Spring Budget, stating that it lacked initiatives to boost investment and growth in communities, particularly for retail businesses. Despite calls to reduce business rates and reintroduce tax-free shopping for tourists, Hunt’s budget did not address these concerns. The BRC emphasised the…
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7 MarchClothing & Shoes
Asos plans India expansion with Reliance Retail partnership
Asos is said to be in talks with Indian retail company Reliance Retail to bring the British brand to the Indian market, according to Retail Week. Reports have indicated that although an agreement has not yet been reached, conversations between the two parties have “been on for a while”. It…
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1 MarchNews
Today’s news in brief-1/3/24
The forthcoming £90m Oxford Street Programme is poised to generate up to £2.8bn in additional sales for London’s West End between 2027 and 2033, as indicated by the New West End Company. This initiative, supported by both public and private investments, aims to revamp Oxford Street’s public spaces, infrastructure, and…
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1 MarchClothing & Shoes
Stuart Hill leaves Matches for DHL CEO role
Stuart Hill, COO of Matches Fashion, is set to leave his role to join DHL UK as its new CEO. In his new role, Hill will lead the company through the next phase of growth and oversee the opening of the company’s second hub in Coventry later this year. Prior…
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Feb- 2024 -27 FebruaryClothing & Shoes
Asos relaunches influencer programme
Asos has relaunched its Asos Insider influencer programme after the initiative was previously wound down in 2020 due to the pandemic. The online retailer said the programme will allow fashion and style influencers from across Asos to “offer customers inspiration, beauty, fashion, and style advice across social channels”. The reintroduction…
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22 FebruaryPeople Moves
Asos appoints new executive VP of digital product
Asos has appointed Anthony Ben Sadoun as the new executive vice president of digital product. According to Drapers, he will join the group’s management committee next week and report directly to CEO José Antonio Ramos Calamonte. In his new role, Ben Sadoun will help drive forward the retailer’s customer experience…
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