THE RETAIL BULLETIN - The home of retail news
HOME
RETAIL NEWS
RETAIL EVENTS
Fashion
Department Stores
Shopping Centres & Retail Parks
Home & DIY
Electricals
Health & Beauty
General Merchandise
Entertainment
Sports & Leisure
Retail Solutions
Food & Drink
RETAIL INSIGHTS
RETAIL SOLUTIONS
ABOUT US
CONTACT US
SUBSCRIBE FOR FREE
Asos profits to beat expectations as sales soar

Online fashion retailer Asos has said that it expects its full year profits to be above expectations after seeing strong sales growth in its fourth quarter.

GENERAL MERCHANDISE

Asos profits to beat expectations as sales soar

In the three months ending 31 August 2013, total retail sales soared by 47% to £208 million. Sales in the UK were strong, rising by 49% to £74 million, while international sales climbed by 47% to reach £134 million.

International sales accounted for 64% of group revenue in the quarter, down from 65% in the same period last year.

In a trading statement, chief executive Nick Robertson said that international growth continued to be driven by the countries in which the retailer had dedicated websites and in-country teams, and was particularly strong in France, Germany, Italy and Spain. Asos also saw good sales growth in the US and in Russia.

At 31 August, Asos had 7.1 million active customers, up from 5 million at the same time last year.

Robertson said: “I am pleased to report a strong finish to the financial year with retail sales growth for the fourth quarter up 47% to £208 million, and up 40% to £754 million for the full year to 31 August 2013.

“We expect profit before tax for the year ended 31 August 2013 to be marginally above expectations.”

Email this article to a friend

You need to be logged in to use this feature.

Please log in here

Subscribe For Retail News

RETAIL EVENTS

Retail Human Resources Summit
Retail Human Resources Summit
Wednesday 3 October 2018
The Cavendish Conference Centre, London W1
The 10th HR Summit 2018, The Cavendish Conference Centre, London W1, 3rd October 2018
The Retail Design Summit 2018
The Retail Design Summit 2018
14 November 2018
The Cavendish Conference Centre
The Retail Design Summit 2018
Omnichannel Futures Conference 2019
Omnichannel Futures Conference 2019
6 February 2019
Cavendish Conference Centre, London WG1 9DT
A truly omnichannel offering requires an understanding of customer behaviour across all shopping channels and how this should impact your overall business strategy
Customer Engagement Conference 2019
Customer Engagement Conference 2019
5 June 2019
Cavendish Conference Centre, London W1
The 10th Annual Retail Customer Engagement Summit
National Minimum Wage Breakfast Briefing
National Minimum Wage Breakfast Briefing
20 September 2018
6th Floor 1, St. Martin's Le Grand London, EC1A 4AS
National Minimum Wage Breakfast Briefing