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Retail gross margin in line with guidance - ASOS
20
Jan '11
ASOS plc, leading online fashion store announced Trading Statement for the 3 months ended 31 December 2010.

Q3 Highlights

• Retail sales up 59% year on year (UK +23% / International +156%)
• International sales mix 44%
• Retail gross margin in line with guidance
• Marketplace website launched November 2010
• New warehouse 'fit out' on track for commissioning in Spring 2011

Nick Robertson, CEO, commented:
"I am pleased to report on another very strong quarter with retail sales growth accelerating to 59%, up from 50% in the first half. Our UK business grew 23% and our International business grew 156%, helped by the introduction of our US, French and German websites in October 2010 and a free global shipping offer in the run up to Christmas. International sales now represent 44% of the total up from 37% in the first half.

With International sales continuing to perform well, we remain confident about the outlook and expect our full year results to be in line with market expectations".

Established in June 2000 and admitted to AIM in October 2001, ASOS.com is the UK's largest independent online fashion and beauty retailer and offers over 40,000 branded and own label product lines across womenswear, menswear, footwear, accessories, jewellery and beauty with approximately 1,500 new product lines being introduced each week.

ASOS plc

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