Jan 23, 2020

Master of online retailing Asos regains momentum

Asos, previous master of online retailing, messed up the premier online shopping event of the year in 2018. Revenues for the four months to the end of December were up 20 per cent to £1.1bn. Analysts had expected growth of around 15 per cent. After some strategic mis-steps, Asos seems to be back on track. Spread betting group CMC says net operating income should be at the upper end of analysts' forecasts for the year; retailer Hotel Chocolat says sales growth that is in line with expectations cost it more than expected because of supply chain inefficiencies; and Mothercare said its UK closing down sales failed to raise as much as expected, leaving it £10m short. Apple rolled out Intelligent Tracking Prevention in 2017, with the specific aim of protecting Safari browser users from being tracked around the web by advertisers' and other third-parties' cookies.

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