Friday, 26 January 2018

Fashion retailer Asos posts 23% sales rise in 'challenging' UK market

Online fashion retailer Asos has emerged as a Christmas retail winner as UK sales grew by nearly a quarter despite a "challenging market".
Shares in the UK-based group rose 3% after the update underlined the advantage of internet-only players over traditional rivals with large numbers of bricks-and-mortar stores - many of which had a tough festive season.
Asos said total group sales were up 30% to £790m for the four months to the end of December, while the UK saw a 23% increase to £301m.

Chief executive Nick Beighton said: "We achieved an exceptional performance in the UK, whilst momentum in international sales continued."

SKY                News.