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ASOS

ASOS is a UK online fashion retailer which was founded in June 2000. It is primarily aimed at young adults and it now has 26.4 million active customers.

ASOS latest news

ASOS is a UK online fashion retailer which was founded in June 2000. It is primarily aimed at young adults and it now has 26.4 million active customers.

Its website sells clothing and merchandise from more than 850 brands which it ships globally to 196 different countries from  fulfilment centres in the UK, US and Europe.

In January 2021, it made a quadruple acquisition of Topshop, Topman, Miss Selfridge and HIIT, and also launched a partnership deal with Lush Cosmetics as part of plans to accelerate growth.

ASOS makes heavy use of influencers and social media for outreach and growth. Its successful social media and advertising campaigns have led to millions of app downloads globally and helped it to acquire nearly 13 million followers on its Instagram account.

ASOS says it is very forward thinking brand and is aiming to be sustainable by reducing emissions, making practices sustainable and using reusable packaging. Some 80% of the energy used for its current operations is renewable and the company is aiming to make this 100% in the near future.

ASOS products and services:

  • Clothing
  • Shoes
  • Accessories
  • Beauty Products
  • It currently releases hundreds of different new products each week.

ASOS are traded on the London Stock Exchange under the abbreviation ASC.

There are some notable substantial shareholders, the largest being Danish company Bestseller A/S which holds 26% of the issued shares.  T. Rowe Price Group holds an additional 12.23%. There is a collection of other investment groups and individuals who hold 3% to 6% of issued shares each.

Stores

At present ASOS does not have any bricks-and-mortar stores in the UK so only operates online. The retailer's entire business is online, so here this is where every single one of the retailer's  thousands of products can be found.

Employees

There are 3,126 active employees at ASOS. Just over 1,000 employees work in both fashion and operations. Around 750 employees also work on the technology side of the business.

Head office

The ASOS head office is located in Camden, London:

Greater London House, Hampstead Road, Camden, London, NW1 7FB

Financials

Year to 31 August 2021
Revenue: £3.9105bn
Pre-Tax Profit: £193.6m

Year to 31 August 2020
Revenue: £3.2635bn
Pre-Tax Profit: £142.1m

Contact information

ASOS can be contacted via phone or email to its  Camden head office.

 

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