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Tag: asos

Retail Asia20/10/2022
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General

Asos to overhaul business model after profit slump

9min0
ASOS, a single-time British poster youngster for the shift to on the web style retailing, will overhaul its business enterprise model following the financial crunch and a string of operational troubles hammered its income. New CEO José Antonio Ramos Calamonte mentioned that when ASOS’s core business enterprise in the UK remained robust, returns from its […]
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Retail Asia12/10/2021
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Fashion

Asos CEO, chairman resigning

6min0
Asos chief executive Nick Beighton unexpectedly announced that he is to step down with immediate effect from the U.K.-based online fashion retailer this morning, with Asos warning that the supply chain crisis and rising costs will hit its profits. The fast-fashion retailer, which has been one of the chief beneficiaries of the online shopping boom […]
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Retail Asia14/07/2021
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Fashion

Asos to sell Topshop apparel through Nordstrom US stores

4min0
Online fashion group Asos has partnered with US retailer Nordstrom in a joint venture that will see Topshop clothes sold in physical stores again for the first time since the brand collapsed last year. The deal sees Nordstrom, which first struck a deal with the former Arcadia brand nine years ago, buy a minority stake in the Topshop, Topman, Miss Selfridge and HIIT […]
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Retail Asia03/02/2021
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Fashion

Topshop, Topman join Asos’ stable of brands

5min0
Topshop’s ‘disgusted’ staff today revealed they were officially told they’d lost their jobs two hours after Asos announced its £330million takeover on Twitter – as Sir Phillip Green’s family is ‘set for £50m’ from the sale. The outraged workers, numbering around 2,500, ripped into the online retailer as it was revealed that their former boss […]
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Retail Asia02/02/2021
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Fashion

Boohoo and Asos are acquiring collapsed retail brands

2min0
British online fashion retailers Boohoo and ASOS made major expansion moves on Monday, with the former buying the Debenhams brand and the latter in talks to buy the key brands of Philip Green’s collapsed Arcadia group. The moves underline how online players have gained the upper hand over traditional bricks and mortar clothing retailers, a trend accelerated by the […]
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Retail Asia14/08/2020
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Fashion

Asos upgrades sales and profit outlook as returns drop

2min0
British online fashion retailer Asos forecast full-year sales and profit significantly ahead of market expectations, saying it was benefiting from stronger than anticipated underlying demand and fewer products being returned by shoppers. Shares in Asos surged 8.5 percent on Wednesday morning UK time, extending gains this year to 36 percent after it said revenue growth […]
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Retail Asia02/08/2019
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Fashion

Asos shares tumble as growth slows

4min0
Online fashion-retailer Asos reported sales growth beneath expectations for the four months to June, spooking investors and causing its share price to tumble 13 per cent overnight. That was despite a 14 per cent increase in sales in what CEO Nick Beighton described as a more competitive market. The slowdown has been attributed to operational […]
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Retail Asia15/01/2019
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E-Tailing

Tech startup Blinq to focus on Southeast Asia

2min0
Tech startup Blinq is targeting Southeast Asia with software which allows users to virtually try on and purchase designer apparel and accessories from online luxury and contemporary fashion retailers globally. “Blinq uses AR and algorithmic patterns to provide users with the latest trends and personalised fittings from their digital devices,” explains entrepreneur and Blinq founder […]
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Retail Asia12/10/2018
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Fashion

Stephen Marks mulls French Connection sale

2min0
French Connection founder and CEO Stephen Marks plans to sell his remaining cornerstone stake in the fashion label. Sky News UK has reported Marks has engaged Numis Securities to approach prospective buyers for the 42 per cent stake in French Connection which he still holds. He founded the brand back in 1969. UK media is […]
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Retail Asia29/03/2018
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E-Tailing

Asos wants to make online shopping more inclusive

2min0
The millennial fashion company has stocked petite, tall, curve, plus size and maternity ranges for a while now, and this new step will help it embrace inclusivity even further. According to the reports, the images will be created using augmented reality, as the technology will enable to company to superimpose the pieces on women of […]
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Retail Asia30/01/2018
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Fashion

Asos posts massive growth across globe

2min0
Online fashion retailer Asos has reported a 30 per cent rise in retail sales during the last four months of 2017. Across its international marketplaces including Australia, the retailer said sales were up 35 per cent to 489.5 million pounds. The UK-based retailer saw sales increase 23 per cent to hit 300 million pounds in its […]
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Retail Asia18/12/2017
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Fashion

H&M Suffers From Online Disruption

4min0
Shares of the world’s second-largest fashion chain, H&M, have hit its lowest in eight years as the retailer reports plummeting sales at the conclusion of a despondent year. In the three months to the end of November 2017, H&M reported a 4 percent drop in sales, and on Friday its shares traded 15 percent lower than its […]
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Retail Asia11/04/2017
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E-Tailing

Asos posts half year profit increase

3min0
Online fashion retailer, Asos, has posted a 14 per cent increase in profits for the six months to the end of February to £27.3 million. The company saw a 31 per cent increase in sales to £889.2 million. UK retail sales rose by 18 per cent and international sales went up by 42 per cent. […]
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Retail Asia27/03/2017
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Fashion

Next faces a downturn

2min0
Next profits have fallen for the first time in nearly a decade. The UK high street fashion retailer said pre-tax profits fell 3.8 per cent to  £790.2 million last fiscal year. Emily Stella, a senior retail analyst with GlobalData, says the company has faced numerous challenges over the last year: erratic weather, rising import costs […]
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Retail Asia10/02/2017
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Fashion

New Look loses market share in tough year

2min0
New Look’s share of the UK clothing market has fallen to 2.6 per cent for calendar year 2016 – from 2.7 per cent in 2015. Stores have failed to drive the necessary footfall to return its like-for-like performance to positive territory, with year-to-date (39 weeks to 24 December 2016) UK like-for-likes are down 7.3 per […]
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