Wednesday, 17 October 2018

Soaring sales of animal print clothing helped Asos post £500m rise in sales

Soaring sales of animal print clothing helped Asos post a £500m rise in sales last year.

The online fashion retailer sold 1.3 million animal print garments across both menswear and womenswear, offering 2,000 options during the period.

The firm reported revenue of £2.4bn for the year to 31 August, with profits jumping 28% to a better than expected £102m.

Shares jumped 15% on the news but are still down by about 10% this year.

Asos chief executive Nick Beighton said: "The potential for our business is huge and we remain focussed on building Asos into the world's number one destination for fashion-loving twenty-somethings."
During its financial year, Asos said it added around 5,000 new items to its website every week, with about 87,000 products in stock at any point in time.

Other popular trends included button through dresses, with more than half a million garments sold in varying fabrics and prints.

Plus size model

BBC     News.

No comments:

Post a Comment