Home / Knowledge / News / Apparel/Garments / Sales at ASOS climb 30% in Mar-June period
Sales at ASOS climb 30% in Mar-June period
13
Jul '16
For the four months to June 30, 2016 period, retail sales at UK online fashion retailer ASOS climbed 30 per cent over the same period of the prior fiscal.

In a trading statement, the fashion retailer said its retail sales soared to €500.5 million in the reporting period from €386.0 in the comparable period of previous fiscal, up a steep 30 per cent.

International retail sales surged to 59 per cent of total sales, in line with last fiscal, while retail gross margin was down 180 basis points (bps) due to sale phasing and planned price investment.

UK growth remained strong at 28 per cent and also saw further acceleration across the US, EU and ROW segments.

At the end of June 30, 2016, ASOS had 12 million active customers, up 24 per cent year over year and also witnessed a strong balance sheet position

CEO Nick Beighton said, “I am pleased to report strong retail sales growth of 30 per cent over the four months to June 30, 2016, underpinned by our continued price and proposition investments.”

“We now anticipate full fiscal sales growth at the upper end of the 20-25 per cent, while our retail gross margin guidance of up to 50 bps of investment remains unchanged,” he added. (AR)

Fibre2fashion News Desk - India


Must ReadView All

Pic: Shutterstock

Textiles | On 2nd Mar 2021

China plans mega transport network to boost trade, economy

China plans to build a global rapid logistics circle for goods by...

Pic: Shutterstock

Retail | On 2nd Mar 2021

US retail sales projected to exceed $4.33 trillion in 2021:

The National Retail Federation has projected that US retail sales...

Pic: Shutterstock

Apparel/Garments | On 2nd Mar 2021

Garment, hard goods exports in Philippines may hit $2 bn:

Exports of garments and hard goods in the Philippines may reach $2...

Interviews View All

Top executives, Fashion houses, India

Top executives
Fashion houses, India

With technology, it has become easier to ensure IPR

Top executives, Textile industry

Top executives
Textile industry

Customised t-shirts is not a fad

Deepak Jain, Baggout

Deepak Jain
Baggout

We are using Facebook and Instagram to promote ourselves

DP Kumar,

DP Kumar

Weaves is South India's premier textile fair organised by Texvalley in...

Michael Van Den Dolder,

Michael Van Den Dolder

Family-owned German textile machinery manufacturer Trützschler operates...

Ravindra Jain, Ashish Baid,

Ravindra Jain, Ashish Baid

Oswal Prints Private Limited has been manufacturing and exporting ethnic...

Matthew Kolmes, Supreme Corporation

Matthew Kolmes
Supreme Corporation

Supreme Corporation manufactures innovative specialty yarns and safety...

Suresh Patel, Sidwin Fabric

Suresh Patel
Sidwin Fabric

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

Thomas Ong P S, NanoTextile

Thomas Ong P S
NanoTextile

Malaysian company NanoTextile Sdn Bhd taps into the potentials of...

Seema Agrawal, Artisan Saga

Seema Agrawal
Artisan Saga

Artisan Saga, founded by Kaushik Rajani and Seema Agrawal, is an online...

Rupa Sood and Sharan Apparao, Nayaab

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Varsha Wadhwa, VW

Varsha Wadhwa
VW

Coming from a family that ran a business of jute and linen mills since...

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

Leave your Comments


February 2021

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


Advanced Search