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ASOS, a single-time British poster youngster for the shift to on the web style retailing, will overhaul its business enterprise model following the financial crunch and a string of operational troubles hammered its income. New CEO José Antonio Ramos Calamonte…
British online fashion retailer ASOS reiterated its already downgraded outlook on Thursday after supply chain constraints and volatile demand limited sales growth in its four months to Dec. 31 trading period. It posted total sales growth of 5%, following a…
Asos chief executive Nick Beighton unexpectedly announced that he is to step down with immediate effect from the U.K.-based online fashion retailer this morning, with Asos warning that the supply chain crisis and rising costs will hit its profits. The…
Online fashion group Asos has partnered with US retailer Nordstrom in a joint venture that will see Topshop clothes sold in physical stores again for the first time since the brand collapsed last year. The deal sees Nordstrom, which first struck a deal with…
Topshop’s ‘disgusted’ staff today revealed they were officially told they’d lost their jobs two hours after Asos announced its £330million takeover on Twitter – as Sir Phillip Green’s family is ‘set for £50m’ from the sale. The outraged workers, numbering…
British online fashion retailers Boohoo and ASOS made major expansion moves on Monday, with the former buying the Debenhams brand and the latter in talks to buy the key brands of Philip Green’s collapsed Arcadia group. The moves underline how online players…
British online fashion retailer Asos forecast full-year sales and profit significantly ahead of market expectations, saying it was benefiting from stronger than anticipated underlying demand and fewer products being returned by shoppers. Shares in Asos surged…
Global fashion online retailer Asos has seen profits tumble 68 percent in the year to August, despite a 13-per-cent increase in sales. In what Sofie Willmott, lead retail analyst at GlobalData, described as “a tumultuous” year, Asos reported sales of £2.73…
Online fashion-retailer Asos reported sales growth beneath expectations for the four months to June, spooking investors and causing its share price to tumble 13 per cent overnight. That was despite a 14 per cent increase in sales in what CEO Nick Beighton…
UK digital fashion store Asos said its new US warehouse struggled to cope with demand last quarter, hitting sales there and causing delayed shipments. Asos CEO Nick Beighton said the unexpected high demand in the Atlanta warehouse caused a significant…
Tech startup Blinq is targeting Southeast Asia with software which allows users to virtually try on and purchase designer apparel and accessories from online luxury and contemporary fashion retailers globally. “Blinq uses AR and algorithmic patterns to…
French Connection founder and CEO Stephen Marks plans to sell his remaining cornerstone stake in the fashion label. Sky News UK has reported Marks has engaged Numis Securities to approach prospective buyers for the 42 per cent stake in French Connection which…
Online fashion giant, Asos, is making it easier for consumers to see how items of clothing fit different body types and saving time and money on photography in the process. The retailer recently started working with Israeli tech startup Zeekit, which uses…
The millennial fashion company has stocked petite, tall, curve, plus size and maternity ranges for a while now, and this new step will help it embrace inclusivity even further. According to the reports, the images will be created using augmented reality, as…
Online fashion retailer Asos has reported a 30 per cent rise in retail sales during the last four months of 2017. Across its international marketplaces including Australia, the retailer said sales were up 35 per cent to 489.5 million pounds. The UK-based…
Shares of the world’s second-largest fashion chain, H&M, have hit its lowest in eight years as the retailer reports plummeting sales at the conclusion of a despondent year. In the three months to the end of November 2017, H&M reported a 4 percent drop in…
