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Online fashion retailer, Asos, has posted a 14 per cent increase in profits for the six months to the end of February to £27.3 million. The company saw a 31 per cent increase in sales to £889.2 million. UK retail sales rose by 18 per cent and international…
Next profits have fallen for the first time in nearly a decade. The UK high street fashion retailer said pre-tax profits fell 3.8 per cent to £790.2 million last fiscal year. Emily Stella, a senior retail analyst with GlobalData, says the company has faced…
The closures of a number of retail and luxury brand giants on China’s e-commerce platforms indicate that retail competition is no less fierce online than offline. It is old news that the Chinese market is highly competitive and unlike any other market in the…
New Look’s share of the UK clothing market has fallen to 2.6 per cent for calendar year 2016 – from 2.7 per cent in 2015. Stores have failed to drive the necessary footfall to return its like-for-like performance to positive territory, with year-to-date (39…
The first quarter was an especially promotion-abundant period for pureplay UK-based online retailer Asos. Blanket discounts of 20 per cent for Halloween and Asos’ five-day Black Friday period as well as 30 per cent off selected categories in the run up to…
In just five years, British lingerie retail startup Boux Avenue has made it into the top 15 brands in women’s underwear. Despite facing growing pressure from Primark and H&M, following significant range expansion and improved design and quality in their…
Shares in UK-based fashion retailer French Connection Group Plc rose more than 20 percent on Monday after a media report said overseas investors were looking to buy the lossmaking firm. The Telegraph newspaper had said on Saturday that interested buyers were…
With the success of its trial with Tmall Global, Sainsbury’s China is doubling its product range. Citing “increasing demand”, the British supermarket retailer is about to release 100 more items, such as tea bags, coffee and pasta. “Chinese online shoppers are…
Asos has made the decision to remove its Chinese operations as the retailer found expansion of the business too costly. Instead of holding stock in China, Asos will serve it Chinese customers through its global platform and ship clothes from Europe. Asos will…
She is a loyal Asos customer who has ordered from the UK website not once, not twice, but a total of 19 times so far. But the latest experience for Ms Bernie Low, a local blogger, has been nothing short of frustrating. Ms Low, 22, is just one of many…
Developed using retail technology specialist Red Ant’s award-winning RetailOS mobile commerce accelerator, the apps are:In a first for the UK’s largest independent online fashion and beauty retailer, ASOS has launched mobile apps for iPhone, iPad and Android…
In a first for the UK’s largest independent online fashion and beauty retailer, ASOS has launched mobile apps for iPhone, iPad and Android to the Chinese market. Developed using retail technology specialist Red Ant’s award-winning RetailOS mobile commerce…
Online fashion retailer Asos is budgeting for losses as it breaks into the China market. Announcing a pretax profit of £47.5 million for the year to August 31, the company offered an overview of its future plans geographically, including a lessened focus on…
Australia was once Asos’ largest market outside Britain. In 2012, the British online fashion retailer was flying four jumbo jets of clothing to this country each week. But Asos revealed this week international sales, comprising 57 percent of its total sales,…
