Asos sales slow as strong pound dampens international growth December 9, 2014 Online fashion retailer Asos suffered a slowdown in sales in the first quarter of the year, after the strong pound dented its international business. The company said its total retail sales rose eight per cent to £246m in the three months to 30 November, down from a 15 per cent rise the previous quarter. [...]
Asos UK sales soar 24 per cent after biggest ever trading week over cyber weekend December 9, 2014 Online retailer Asos said UK sales rocketed after customers rushed to cash in on "cyber weekend" deals, but gains were offset by disappointing international sales. The results Total retail sales increased by 8 per cent to £246m in the three months to November 30. However, this has slowed from the previous quarter, where they grew [...]
The best places to find Cyber Monday deals 2014: John Lewis, Tesco, Asos, Marks and Spencer, Game, Samsung, Halfords and Morrisons December 1, 2014 Beleaguered shoppers are still nursing their bruises and retailers are still fixing up their stores following UK's biggest-ever "Black Friday", yet the deals keep on coming. Tomorrow is "Cyber Monday", the internet's biggest shopping day of the year when online retailers offer consumers another chance to grab a bargain as the Christmas shopping season [...]
Asos CEO Nick Robertson: Bruised and burnt but fighting back October 21, 2014 What doesn’t kill you makes you stronger, Nick Robertson declared yesterday. The Asos chief executive has had a tough year, riddled with profit warnings, a fire at its main warehouse, and slowing international sales that have left the firm’s shares badly bruised. Until this year, Asos’ shares have enjoyed a meteoric rise, thanks to [...]
Asos share price leaps as sales climb 27 per cent following tough year for online retailer October 21, 2014 Shares in online retailer Asos have leaped almost 20 per cent this morning, after the beleaguered online retailer reported a 27 per cent rise in sales. Although results posted today showed pre-tax profits fell 14 per cent to £46.9m in the year to the end of August, from £54.7m during the same period last year, [...]
City says Asos a takover target October 6, 2014 ASOS shares soared nearly 15 per cent yesterday after analysts at UBS said the troubled online retailer was “ripe” for a takeover, with rival Amazon the most likely suitor. The company, which has issued three profit warnings in the past seven months, has been subject to previous takeover speculation, with eBay and Amazon cited as [...]
Shares slump as Asos issues third profit warning September 16, 2014 ASOS suffered a wardrobe malfunction with investors yesterday, after the online fashion retailer issued its third profit warning in seven months. The former stock market darling warned it would need to cut prices across its international markets, including Australia, after the strength of sterling made the price of its clothing less appealing for customers. Asos [...]
London Report: Fears over Scotland and Asos statement pull down markets September 16, 2014 BRITAIN’S top share index fell yesterday, with financial stocks underperforming as investors showed reluctance to buy up new positions before tomorrow’s Scotland independence referendum. The FTSE 100 index closed down by 0.2 per cent, or 11.97 points, at 6,792.24 points, with a fall in major financial stocks weighing on the market. Retail shares took a [...]
Asos share price falls 13.7pc following poorer than expected sales growth September 16, 2014 Asos share price plummeted this morning following news of a poorer than expected sales growth for the three months ended August, with a warning that profits will not grow during the next financial year. Shares fell by 13.7 per cent to 2,092 pence on Tuesday, compared to Monday's value of 2,382 pence. The [...]
Asos share price surges on reports of US buyout August 27, 2014 Shares in online fashion retailer Asos soared yesterday on unconfirmed reports that a US company is eyeing a stake in the business. Asos shares, which have fallen by almost two-thirds this year after two profit warnings and a fire at its main warehouse, jumped 17 per cent to 2,751p, pushing up other online players, including [...]