Four months' international retail sales up 44% at ASOS

15 Jul '17

1 min read

The international retail sales of ASOS have climbed up 44 per cent to £425.5 million for four months ending on June 30, 2017, as compared to £295.2 million for the corresponding period of the previous year. UK sales of the global online retailer for fashion products also rose by 16 per cent to a total of £234.6 million for the same period.

"Strong H1 sales momentum has continued through the third period supported by our ongoing investment in our customer proposition and in price. This good performance has been underpinned by advances across all areas of our business including retail, technology, warehousing, delivery solutions and customer care. We have made a smooth transition to our new Euro hub 2 facility in Germany and anticipate confirming a new US logistics hub soon. We remain on track and confident of meeting market expectations and will release our results for the year to August 31, 2017 on October 17, 2017," said Nick Beighton, CEO.

There was 28 per cent rise in the total orders shipped for the reported period along with continued strong customer engagement. The number of active customers rose by 25 per cent. (RR)

Fibre2Fashion News Desk – India

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