Jul 13, 2017

Asos sales leap again

Asos sales rose 32 per cent in the four months to June​ as ​the fashion site for twentysomethings kept a close eye keeping costs down for customers. The rise was powered by sales to countries outside Europe and the US, where revenue rose 54 per cent, or 41 per cent in constant currencies. Overall revenue rose 26 per cent in constant currencies to £676m. Chief executive Nick Beighton said that the "Strong" sales momentum had been helped by "Our ongoing investment in our customer proposition and in price". It said that full-year sales growth, for the year to August, would be at the upper end of the range it had previously announced, of 30-35 per cent. This good performance has been underpinned by advances across all areas of our business including retail, technology, warehousing, delivery solutions and customer care.

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