ASOS sales up but admits “It can and will do better” as it looks to ...

ASOS today reported that total sales grew by 14% in the six months to February 28 th, with UK sales showing 16% growth and Europe 12%. But the company says it can and will do better. …

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ASOS Sales Up But Admits “It Can And Will Do Better” As It Looks To ...

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ASOS today reported that total sales grew by 14% in the six months to February 28 th, with UK sales showing 16% growth and Europe 12%. But the company says it can and will do better. …

internetretailing.net

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Asos Looks Ahead To Profitable Growth As It Posts Full Year Loss

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Nov 5, 2024 · Asos said it has already seen the green shoots in the performance of its new stock with sales rising by 24% year-on-year over the last three months. As its new commercial …

theretailbulletin.com

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Asos Profits Plunge, But ‘green Shoots’ Set To See Earnings Recover

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Nov 5, 2024 · The online fashion retailer is forecasting underlying earnings to improve by at least 60% to between £130 million and £150 million in 2024-25.

independent.co.uk

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How Asos Plans To Bring Itself ‘back Into Fashion’ – And Will It Work?

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Nov 1, 2023 · After notching up nearly £300m of statutory losses, Asos’ balance sheet could do with some shoring up and reports emerged late last week that the retailer was weighing up a …

retailgazette.co.uk

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Asos Eyes Return To Growth Under New Boss As Losses Widen

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Nov 5, 2024 · The online fast-fashion retailer believes its adjusted earnings before nasties will total £130million to £150million for the 2025 fiscal year, helped by gross margins rising to over …

thisismoney.co.uk

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Asos Delivers Another Huge Loss But Insists It Can See 'green Shoots ...

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Nov 5, 2024 · Group revenues dropped 16% to £2.9 billion but sales of new ranges were up 24% . ... most notably through the sale of Topshop into a JV, ASOS still has a lot more to do to allay …

standard.co.uk

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Asos CEO ‘not Worried’ About Vinted Or Shein ... - Retail Gazette

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Nov 5, 2024 · Asos is ramping up its test-and-react model, which now accounts for 10% of own-brand sales and will be doubled to 20% in the next fiscal year. Despite widening losses, …

retailgazette.co.uk

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Industry Reacts To ASOS Results: "Simplify The ... - TheIndustry.fashion

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Jan 12, 2023 · “ASOS reported UK sales during the final four months of 2022 down by 8%, blaming weak consumer sentiment while overall revenue dropped by 3%. The online retailer …

theindustry.fashion

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The Asos Reset: How Loyalty, Partnerships And Topshop Will Drive …

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Dec 16, 2024 · The online fashion retailer saw its pre-tax losses widen to £379.3m in the year to 1 September from a £296.7m loss the year before, as sales plunged by 18% to £2.9bn.

retailgazette.co.uk

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Asos: Loss Widens But Company Optimistic On Growth - City A.M.

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Nov 5, 2024 · The e-commerce giant reported an operating loss of £331.9m for the year to 1 September 2024, up £83.4m from a loss of £248.5m in 2023. Like for like, revenue fell by 16 …

cityam.com

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Asos Warns Of Up Sales Decline Ahead Before Return To Growth In …

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Nov 1, 2023 · Online fashion giant Asos has warned of sales declines of up to 15% this financial year before it returns to growth levels in 2025, as a turnaround plan to shift older stock …

standard.co.uk

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Asos' Weak Balance Sheet And Lack Of Scale Will Hinder Recovery

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Nov 5, 2024 · Given lack of scale and low profitability (Asos was mildly loss-making in 2023 and its peak margin over the past five years was 4.9%), Asos can hardly match those players on …

morningstar.com

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Asos Profits Plunge 87% After Difficult Year - BBC

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Apr 10, 2019 · Asos shares are up 13% in morning trading. ... Chief executive Nick Beighton said that Asos had identified a number of things it "can do better", and that heavy investment in its …

bbc.com

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Asos Losses Widen As Sales Fall Amid Revamp Plan | The Standard

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Apr 19, 2024 · Like-for-like sales fell 18% on an adjusted basis in the first half and the group confirmed it still expects sales to fall by up to 15% over the full year. ... Asos blamed the sales …

standard.co.uk

FAQs about ASOS sales up but admits “It can and will do better” as it looks to ... Coupon?

Does ASOS still have a role in the retail sector?

“While the sector has clearly been encouraged by recent efforts to shore up the retailer’s financial position, most notably through the sale of Topshop into a JV, ASOS still has a lot more to do to allay concerns. ...

What will ASOS' earnings look like in 2025?

Asos has assured investors it expects earnings growth of at least 60 per cent this year after suffering another hefty annual loss. The online fast-fashion retailer forecasts adjusted earnings before nasties will total £130million to £150million for the 2025 fiscal year, helped by gross margins rising to over 46 per cent. ...

Can ASOS do better?

Chief executive Nick Beighton said that Asos had identified a number of things it "can do better", and that heavy investment in its platforms gave the retailer "increased confidence" that its performance would improve in the second half of the year. He added that the global fashion industry was growing and now worth more than £220bn. ...

How did ASOS' new warehouse affect sales?

Asos said that the changes resulted in a slowdown in the growth of younger customers, but UK sales rose 16% due to orders from existing customers. Although US sales growth was below expectations, the retailer said that demand far exceeded its expectations in February, once its new warehouse in Atlanta went online. ...

Will ASOS return to growth?

Asos has reported a steep drop in revenue but said its restructuring has created the foundations for a return to growth. The e-commerce giant reported an operating loss of £331.9m for the year to 1 September 2024, up £83.4m from a loss of £248.5m in 2023. Like for like, revenue fell by 16 per cent year on year, from £3,538m to £2,896m. ...

Is ASOS still outperforming the market?

Although the share price hasn't returned to the heights it reached prior to the December profit warning, Asos actually isn't doing that badly. "Asos is still flying, it's still outperforming the market. It set itself a very high bar previously," Mr Wilson told the BBC. ...