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Britain is ASOS's biggest market, but the United States accounts for about 10% of total sales.

ASOS confident on growth amid tariff uncertainty

British online fashion retailer ASOS is well-placed to cope with the fallout from US tariffs, it said on today, and while it was too early to call, its flexible model and lower exposure to sourcing from China could help drive growth.

Business • 24 Apr

ASOS said today it expected adjusted earnings to rise by at least 60% in its 2025 financial year

ASOS forecasts a profits jump in 2025

Online fashion retailer ASOS said it expected adjusted earnings to rise by at least 60% in its 2025 financial year, after a turnaround plan focused on ditching discounting and improving its products gained traction.

Business • 05 Nov 24

ASOS has been struggling with losses and faced intense competition from the likes of fast-fashion firm Shein in Europe

ASOS to sell Topshop to new joint venture with Heartland

ASOS has agreed to sell its Topshop and Topman brands to a new joint venture with the holding company of Danish billionaire Anders Holch Povlsen in a deal valuing them at £180m, the online retailer said.

Business • 05 Sep 24

ASOS today posted a half year adjusted EBITDA loss of £16.3m, compared to the £4.6m it made the same time last year

ASOS sinks to first-half loss amid competition from China

British online fashion retailer ASOS sunk to a first-half loss, as it battles competition from Chinese giant Shein and self-inflicted problems from excess stock, but it said it still expected an improvement over the year.

Business • 17 Apr 24

Shares in ASOS have lost over half their value during the last year

ASOS reports 18% drop in first-half sales

Online fashion retailer ASOS has today posted an 18% drop in sales in its first half, but said it was on track to meet guidance for sales to decline by 5-15% over the full-year, as its plan to revive the business takes shape.

Business • 26 Mar 24

ASOS has posted adjusted earnings before interest and tax (EBIT) loss of £29m for the year to September 3

ASOS shares sink after warning on 2024 sales

Online fashion retailer ASOS has warned that sales would fall again in 2024, hitting its shares, though the British company said its ongoing turnaround meant growth would return the following year.

Business • 01 Nov 23

Boohoo shares are down 14% so far this year

Mike Ashley's Frasers raises Boohoo stake to 16.5%

Frasers, the British sportswear group controlled by Mike Ashley, has raised its stake in online fashion retailer Boohoo to 16.5%, according to a regulatory filing published today.

Business • 25 Oct 23

ASOS said its fourth quarter sales decline was in line with guidance

ASOS expects profit at low end of guidance

British online fashion retailer ASOS has today reported a 15% fall in fourth-quarter sales and said second half earnings were expected to be around the bottom of its guided range but said its turnaround plan was making progress.

Business • 26 Sep 23

ASOS said core earnings (adjusted EBIT) rose more than 20 million pounds in the three months to May 31

ASOS returns to profitability but sales fall 14%

ASOS, the British online fashion retailer has reported a 14% drop in revenue in its latest quarter, but said its strategy was working as it returned to profitability.

Business • 15 Jun 23

Boohoo said its annual revenue fell 11% to £1.77 billion

Boohoo profit halves as shoppers squeezed

Online fashion retailer Boohoo has reported a halving of annual core earnings as shoppers were hit by a cost-of-living crisis and many returned to physical stores post-pandemic.

Business • 16 May 23

ASOS said today it was confident of a return to profit in the second half and beyond

ASOS reports first half loss as shoppers cut back

ASOS, one of the pioneers of online fashion retailing, swung to a first-half loss today, hit by a squeeze on household budgets and forecast a further drop in sales, sending its shares sharply lower.

Business • 10 May 23

Frasers said it now holds 4.3% of Hugo Boss stock directly and a further 28.5% via the sale of derivatives known as put options

Frasers raises Hugo Boss exposure and buys ASOS stake

Mike Ashley's Frasers Group said today it had increased its maximum exposure to Hugo Boss to £840m.

Business • 24 Oct 22

ASOS has today posted an 89% drop in 2021-22 profit

ASOS warns on outlook as consumers feel inflation pain

UK online fashion retailer ASOS said it needed to rebuild its once-successful business model after it reported an 89% drop in 2021-22 profit and forecast a loss in the first half, due to a rapidly deflating economy.

Business • 19 Oct 22

Next said cutting its guidance was a difficult call, given sales in September had improved and the company may see benefits from recent government measures.

Next cuts profit forecast as shoppers feel the squeeze

The plunge in the value of the pound looks set to create a second cost of living crisis for consumers, clothing retailer Next warned today as it cut its sales and profit forecasts.

Business • 29 Sep 22

ASOS said today its full-year profit would be around the bottom of its guidance

Online fashion retailer ASOS reports weak August sales

British online fashion retailer ASOS said today it expects full-year profit to be around the bottom of its guidance after weaker than projected August sales.

Business • 09 Sep 22

If the three companies are found to be misleading customers, the CMA will take enforcement action, including in court, if necessary

ASOS, Boohoo, George investigated for 'greenwashing'

Fashion brands ASOS, Boohoo and George at Asda will be investigated by Britain's competition regulator over their environmental claims as it scrutinises retailers for evidence of "greenwashing".

Business • 29 Jul 22

Despite the fall in sales, Boohoo has maintained its guidance for the full year

Online retailers ASOS, Boohoo weighed down by returns

British online fashion retailers ASOS and Boohoo both cautioned today that they are being hurt by rising product returns as consumers battle inflation and return to pre-pandemic behaviour.

Business • 16 Jun 22

ASOS saidg supply chain constraints impacted stock availability and cost inflation in the six months to February

ASOS first half profit falls 87% on supply chain woes

Supply chain snags hammered first-half profit at ASOS and the British online fashion retailer warned its expectations for a much better second half could be disrupted by surging inflation.

Business • 12 Apr 22

ASOS had already suspended sales in Ukraine as it said it became impossible to serve customers there

ASOS and Boohoo suspend sales in Russia

British online fashion retailers ASOS and Boohoo have both suspended sales in Russia after Russia's invasion of Ukraine.

Business • 02 Mar 22

ASOS was hit by a difficult end to 2021, when it cut its annual profit forecast and parted ways with its CEO

ASOS hit by supply chain disruption, volatile demand

British online fashion retailer ASOS today reiterated its already downgraded outlook after supply chain constraints and volatile demand limited sales growth in its four months to December 31 trading period.

Business • 13 Jan 22

ASOS CEO Nick Beighton is to step down after 12 years with the business and six as the boss

ASOS CEO steps down as online retailer warns on profit

ASOS, the British online fashion retailer, has parted company with chief executive Nick Beighton, as it warned that higher logistics costs and supply chain disruption could force 2022 profits to drop by more than 40%.

Business • 11 Oct 21

The new Asos Belfast hub will be operational in early 2022, the company said today

Asos to create 184 jobs in Belfast tech hub

Online fashion retailer Asos is to invest £14m in a new tech hub in Belfast, creating 184 jobs over the next three years.

Business • 28 Sep 21

ASOS aims to be carbon neutral by 2025

Online fashion retailer ASOS said it aims to cut its environmental impact, use more sustainable materials and appoint more diverse corporate leaders, joining a growing list of apparel companies setting new ESG targets.

Business • 16 Sep 21

Total revenue was 1.29 billion pounds in the four months to June 30

ASOS sales up 21%, but growth slows

British online fashion retailer ASOS has reported a 21% rise in sales in the four months to the end of June, but said trading in the latter three weeks.

Business • 15 Jul 21

Nordstrom has bought a minority stake in the Topshop, Topman, Miss Selfridge and HIIT brands that were bought out of administration by Asos earlier this year

Asos deal with Nordstrom to sell Topshop clothes in US

Asos has partnered up with US retailer Nordstrom in a new joint venture that will see Topshop clothes sold in physical stores again for the first time since the brand collapsed last year.

Business • 12 Jul 21