Home / Knowledge / News / Apparel/Garments / Another successful quarter, 'International' shines at ASOS
Another successful quarter, 'International' shines at ASOS
14
Apr '11
ASOS Plc announced trading statement for the 3 months ended 31 March 2011.

Q4 Highlights (January - March 2011)

• Retail sales accelerated + 70 % year on year (Q3 +59%)

• UK retail sales + 24 % / International retail sales + 161 %

• International sales mix 52%

• ASOS Fashion Finder launched March 2011

Full Year Highlights (April 2010 - March 2011)

• Retail sales up 58 % year on year (UK + 24 % / International + 144 %)

• Profit before tax likely to be towards the top end of expectations

• Small increase in retail gross margin, in line with guidance

• Investment in free shipping and returns has led to a reduction in overall gross margin

Nick Robertson, CEO, commented:

"I am pleased to report another successful quarter with retail sales accelerating +70%, up from +59% in our third quarter. Importantly our UK business remained strong +24%, vs +23% in the third quarter.

With International becoming an increasingly significant part of our future, I was pleased to see our International sales mix exceed that of the UK for the first time, accounting for 52% of our retail sales.

Profit before tax, pre exceptional, for the full year to March 2011 is likely to be towards the top end of expectations.

We have approached the new financial year with confidence and are excited about the prospects for both our UK and International businesses."

ASOS is a global online fashion and beauty retailer and offers over 50,000 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

Must ReadView All

Apparel/Garments | On 18th Jan 2017

Government considering 100% FDI in single brand retail

The Government of India is looking at allowing 100 per cent foreign...

Courtesy: Walmart

Apparel/Garments | On 18th Jan 2017

Walmart to create 34,000 new jobs in the US

The world’s biggest retailer and also the biggest US private sector...

Courtesy: UN Department of Public Information

Textiles | On 18th Jan 2017

World economy expanded by just 2.2% in 2016: UN

The world economy expanded by just 2.2 per cent in 2016, the slowest...

Interviews View All

Kamlesh Vaghela
RK Textiles

Very few machinery manufacturers have R&D units

Jim Desai
Blaiva Fabricaa

Fashion industry likely to remain labour-intensive in coming years

Spokesperson
Hugo Boss

'Hugo Boss works with carefully selected sourcing partners'

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Silke Brand-Kirsch
Schlegel und Partner

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

Judy Frater
Somaiya Kala Vidya

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

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
January 2017

January 2017

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

SUBSCRIBE


Browse Our Archives

GO


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