THE RETAIL BULLETIN - The home of retail news
Click here
Home Page
News Categories
Commentary
CX
Department Stores
Electricals and Tech
Entertainment
Fashion
Food and Drink
General Merchandise
Grocery
Health and Beauty
Home and DIY
Interviews
People Matter
Retail Business Strategy
Property
Retail Solutions
Electricals & Technology
Sports and Leisure
Christmas Ads
Shopping Centres, High Streets & Retail Parks
Uncategorized
Retail Events
People in Retail Awards 2024
Retail HR Summit
THE Retail Conference
Retail HR North 2025
Retail Ecom North
Omnichannel Futures 2025
Retail HR Central 2025
The Future of The High Street 2025
Retail Ecom Central
Upcoming Retail Events
Past Retail Events
Retail Insights
Retail Solutions
Advertise
About
Contact
Subscribe for free
Terms and Policies
Privacy Policy
Asos sets out growth plans

Online fashion retailer Asos has set out how it will deliver on its profitability targets following the exit of its chief executive last month. In a… View Article

FASHION RETAIL NEWS UK

Asos sets out growth plans

Online fashion retailer Asos has set out how it will deliver on its profitability targets following the exit of its chief executive last month.

In a presentation at a capital markets day led by chief operating and chief financial officer Mat Dunn, the retailer revealed that it will expand the reach of its brands by continuing to improve its fashion credentials. It will also enhance its customer offer through better availability across partner brands, improved curation and an extended product choice in new categories such as sportswear and face and body

In addition, the retailer said it be more focused with regard to international expansion as it looks to accelerate growth in the EU and US by increasing the localisation of operations, experience and assortment.

During the next three to four years, Asos is aiming to achieve £7 billion in sales with an EBIT margin of at least 4%.

Dunn said: “Today we are setting out the detail behind our plan to significantly increase ASOS’ sales and profitability across the medium and longer-term. Asos has a clear focus on meeting the needs of our consumers, and we have created a winning offer underpinned by our best-in-class customer experience. Our plan will ensure that we fully leverage our strong, scalable global platform to deliver our ambitions.”

Subscribe For Retail News