Online fashion retailer ASOS September retail sales up 93%
19 Oct '06
2 min read
Leading online fashion and beauty retailer ASOS announces results for 6 months to 30 September 2006.
- ASOS sales up 93 percent for the 6 months to 30 September 2006 - 1,075,000 registered users as at 10 October 2006 (675,000 as at 11 October 2005) - Continuing investment in infrastructure to support future growth plans - Confident that the full year results will be in line with market expectations
Nick Robertson, the Chief Executive, will make the following comments on current trading at the Annual General Meeting to be held at 11.00am at the Chartered Accountants' Hall, One Moorgate Place, London, EC2R 6EA.
“I am pleased to report a strong first half performance with sales for ASOS. com 93 percent ahead for the 6 months to 30th September 2006. This is the result of the investment made last year in our buying and merchandising teams and the subsequent increase in the number of products available from 1500, 12 months ago, to 4000 now. Encouragingly, all departments have recorded strong growth with our branded and footwear divisions performing particularly well.
As previously advised, we have continued to invest in our infrastructure in the first half of the yearto support future growth plans. This will be reflected in the administrative costs in the interim results to be released on 28 November 2006.
At this stage, despite much tougher comparables ahead (after adjusting for the impact of the Buncefield fuel depot explosion) and the peak trading period still to come, the board remains confident that the full year results will be in line with market expectations.”
ASOS plc is an Internet Retail and Marketing Services Group, established in June 2000 and admitted to AIM in October 2001. Its principal business is ASOS.com, a leading online fashion and beauty retailer. Aimed primarily at an Internet savvy 18-34 year old, ASOS had over 1,075,000 registered users at 10 October 2006 and offers over 4000 products across womenswear, menswear, footwear, accessories, jewellery and beauty.
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