Jul 15, 2020
Asos to repay furlough cash as lockdown sales rise
Asos will repay cash to the government it claimed for furloughing workers after its sales grew in lockdown. The online retailer said that group sales increased by 10% to £1bn in the four months to 30 June. The rise was driven by shoppers in international markets, with sales in the UK dipping by 1%. Asos boss Nick Beighton said: "This has been a tough time for all businesses, but we have remained focused on doing the right thing for our people." UK retail sales fell by 1% to £329m in the period, but international sales, particularly in Europe, were strong, up 17% to £654m. Mr Beighton added: "While we remain cautious about the consumer impact of Covid-19 looking forward, we are on track to deliver strong year-on-year profit growth." "Dixons Carphone group chief executive Alex Baldock said:"Since the year end, all our electricals businesses have continued to grow sales.
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