Home / Knowledge / News / Apparel/Garments / UK sales drive 8% growth at fashion etailer ASOS
UK sales drive 8% growth at fashion etailer ASOS
Dec '14
Driven by UK sales but let down by international sales, online fashion retailer, ASOS managed to post a sales growth of 8 per cent year on year in the three months ending November 30, 2014.

Although international sales dropped by 2 per cent to £141.5 million, UK retail sales surged 24 per cent to £104.8 million over the same period in its first fiscal quarter.

ASOS posted an 8 per cent overall sales growth over the first quarter of previous fiscal to reach £246.3 million in the reporting quarter.

Black Friday sales helped push the online fashion retailer to its busiest weekend of trading.

According to its CEO Nick Robertson, Black Friday was its biggest day it has ever had and at one point the etailer was taking seven orders per second.

Earlier this year, ASOS was hit by a fire at its Barnsley warehouse, which damaged around £20 million in stock.

ASOS has received an insurance claim of £6.3 million in the period, which it expects, would help maintain full-year profits in line with expectations.

Robertson adds, “We have commenced investment into our international pricing and have started to roll out our zonal pricing capability, which combined will help us to address our international performance.

“We continue to focus on our major investment programmes, upgrading our IT platform and investing in our logistics capability.”

The etailer sells over 75,000 branded and private-brand products to almost nine million customers across UK and many other countries.

In recent months, ASOS has been hit by fluctuations in major currencies in the overseas markets it operates in, thereby hitting its profitability. (AR)

Fibre2fashion News Desk - India

Must ReadView All

Courtesy: Kornit Digital

Textiles | On 28th Feb 2017

'Customisation is an advantage of digital printing'

Changing business models and companies' decision to reduce their...

Textiles | On 28th Feb 2017

China's textile & apparel exports up 10.2% in Jan 2017

Exports of textiles and garments from China resumed growth in the...

Apparel/Garments | On 28th Feb 2017

Delta Galil's Q4 operating profit jumps 80%

In the three months to December 31, 2016, operating profit at apparel ...

Interviews View All

Dinaz Madhukar
DLF Emporio and DLF Promenade

‘Each event and promotion is planned out keeping in mind the business of...

Sanjay Yagnik
Maa Tex Speciality

‘We suggest reducing dosage of sizing chemicals to reduce sludge...

Cyril Pereira
Reed Exhibitions India, organiser of Asian Machine Tool Exhibition 2016

'Major problem in the textile machinery manufacturing industry is the lack ...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Sonam & Paras Modi

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

February 2017

February 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Browse Our Archives


Subscribe today and get the latest News update in your mail box.
Advanced Search