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
KNOWLEDGE CENTRE
PARTNER DATABASE
ABOUT US
CONTACT US
REGISTER

Asos maintains sales momentum

Online fashion retailer Asos increased its revenues by 32% to £675.8 million in its third quarter. The company said the growth was supported by an ongoing investment in price and the customer proposition.

FASHION

Asos maintains sales momentum

In the three months to 30 June, UK retail sales rose by 16% while those in the US and EU increased by 38% and 41% respectively.

Meanwhile, sales in the rest of the world saw an uplift of 54%.

Nick Beighton, Asos chief executive, said: “Strong H1 sales momentum has continued through the third period supported by our ongoing investment in our customer proposition and in price.

"This good performance has been underpinned by advances across all areas of our business including retail, technology, warehousing, delivery solutions and customer care. We have made a smooth transition to our new Eurohub 2 facility in Germany and anticipate confirming a new US logistics hub soon.”

The company grew is number of active customers by 25% in the period. There was also a rise in the average basket value with an uplift of 3%.

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