Home / Knowledge / News / Strong growth continues both in UK & internationally - ASOS
Strong growth continues both in UK & internationally - ASOS
20
Apr '10
ASOS plc leading online fashion store announced Trading update for the year ended 31 March 2010

• Strong growth continues both in the UK and Internationally
• Total sales for the 12 months to 31 March 2010 up 35% to £223m.
• Retail sales for the 12 months to 31 March 2010 up 38% to £206m.
• UK retail sales up 23%, International retail sales up 101%, (28% of retail sales).
• Profit before tax for the year expected to be in line with market expectations.
• Sales have accelerated since year end, retail sales for the 19 days to 19 April 2010 up 56% (UK up 25%), International up 148%.
• Looking forward to another year of strong growth both in the UK and Internationally.
• Total sales includes retail and third party sales and postage and packaging revenue

Nick Robertson, Chief Executive, made the following comments.
"It was another excellent year for ASOS, total sales rose 35% and profit before tax is likely to be in line with market expectations. The year was characterised by more conservative planning, specifically around stock levels, a focus on operational and financial controls and the introduction of key customer initiatives such as free returns. Simultaneously we have been developing our International business and remain on track to launch our US, French and German websites this year.

The new year has started very positively, retail sales are up 56% in April (UK +25% and International +148%) the top 6 international markets being US, Denmark, France, Australia, Ireland and Germany respectively.

We are approaching this year with considerably more confidence. Demand for our spring / summer ranges have been very strong and the Internet continues to outperform the other retail channels".

Preliminary results and future trading updates
ASOS will announce its preliminary results for the year ended 31 March 2009 on Wednesday 9 June 2010, when it will provide a full overview and update on the business.

ASOS will move to quarterly trading updates for the 2011 financial year and the announcement dates will shortly be available on the Group's website.

ASOS plc

Must ReadView All

Apparel/Garments | On 28th May 2017

Over 45% US retailers to use AI in next 3 years: Report

Over 45 per cent retailers in the US plan to utilise artificial...

Neelesh Hundekari speaking at the event. Courtesy: Subir Ghosh

Textiles | On 27th May 2017

Fabric of Change initiative announces €250000 scaling fund

The Fabric of Change initiative of Ashoka and the C&A Foundation is...

Apparel/Garments | On 28th May 2017

Naked Brand, Bendon sign agreement to reorganise

Naked Brand Group, a fashion and lifestyle brand, and Bendon Limited, ...

Interviews View All

Abhishek Samdaria
Reflete

GST will certainly reduce a lot of paperwork in future

Mandeep Nagi
Shades of India

Women value something that is unique and has a flavour of India

Karan Suratwala
Key Textile Accessories Private Limited

Chinese imports are destroying the supply chain

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Larry L Kinn
Suominen Corporation

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

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Sonam & Paras Modi
SVA

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

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

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

news category


Related Categories:
May 2017

May 2017

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

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search