THE RETAIL BULLETIN - The home of retail news
Lest we forget
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
Interviews
RETAIL INSIGHTS
RETAIL SOLUTIONS
ABOUT US
CONTACT US
SUBSCRIBE FOR FREE
Asos reaches full-year targets

Asos, the fast growing retailer of celebrity inspired fashion, has reported a 46% rise in third quarter retail sales to £146.53 million.

GENERAL MERCHANDISE

Asos reaches full-year targets

Asos, the fast growing retailer of celebrity inspired fashion, has reported a 46% rise in third quarter retail sales to £146.53 million.

In the three months to 31 December, sales at its UK business were up 10% to £62.1 million while international sales rose a massive 93% to £84.5 million from £43.7 million in the final quarter of 2010.  Sales in the US increased by 146% in the period while EU sales rose 33%.

Group revenues overall increased by 45% to £150.6 million from £104.1 million in the previous year. 

Nick Robertson, Asos CEO, commented: “I am pleased to report a strong third quarter performance across all territories including the UK. 

"With the business continuing to perform well through these challenging economic times, we remain confident about the outlook and expect our full year results to be in line with market expectations.”

The company also reported that its retail gross margin was 300bps higher over the period, in line with guidance. 

 

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

The Retail Design Seminar 2018
The Retail Design Seminar 2018
14 November 2018
The Cavendish Conference Centre
The Retail Design Seminar 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
AI in Retail Conference 2019
AI in Retail Conference 2019
18 September 2019
Cavendish Conference Center, 22 Duchess Mews, London W1G 9DT
Retail marketing is changing pace rapidly by making communication across all platforms personalised, relevant, efficient, and helpful. AI not only helps shoppers find a perfect product but also pre-empts the shopping behaviour and speeds up payment.
The HR Summit 2019
The HR Summit 2019
Tuesday 8 October 2019
The Cavendish Conference Centre, London W1
The 11th HR Summit 2019, The Cavendish Conference Centre, London W1, 8 October 2019