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International sales shine for ASOS

The online fashion store’s trading statement for the 3 months ended 30 September 2010 shows both UK and overseas growth.

CITY & CORPORATE

International sales shine for ASOS

The online fashion store’s trading statement for the 3 months ended 30 September 2010 shows both UK and overseas growth.

Retail sales for  Q2 (July – September) are up 47% year on year (UK +21% / International +128%).
The company’s US dedicated website went live during September 2010.

Retail sales for the first half (April - September 2010) are up 50% year on year (UK +26% / International +120%) with retail gross margins ahead of last year.

Group revenues for the first half of the year were £139.6 million, up 45% from £96.5 million.

Nick Robertson, CEO, commented,"I am pleased to report continued strong sales growth, both in the UK and Internationally.  Our US website launched during September and we expect to be live with both our French and German websites by the end of October 2010. With retail gross margin ahead of prior year and costs tightly managed, we expect our full year results to be in line with market expectations."

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