Home / Knowledge / News / Fashion / Footwear retailer ASOS declares 6-month sales results

Footwear retailer ASOS declares 6-month sales results

30
Nov '05
Leading online fashion and beauty retailer ASOS announces reports of first half loss:

Chief Executive's Statement
I am pleased to report an increase in Group sales of 78 percent for the period to £8.3m. Sales for ASOS.com, the Group's main trading subsidiary, were up 86 percent to £8.1m.

In-line with internal forecasts and following significant investment in resource and capacity, the group made a loss (before amortisation of goodwill and tax) of £6,000 versus a profit of £240,000 for the same period last year.

The loss before tax was £120,000 against a profit of £126,000 for the same period last year. Basic loss per share was 0.17p (2004: earnings per share 0.18p). The figures above are after £251,000 of one-off costs associated with the warehouse move.

Capital expenditure within the period was £686,000 with a further £400,000 budgeted for the second half of the year.

The Market
According to the IMRG – 22 million British Shoppers will spend 5 billion online this Christmas, an average of £208 each and generating 130 million internet shopping deliveries.

Outlook
We have invested in our management and logistical teams, doubled the size of our buying and merchandising team and bought ourselves sufficient logistical capacity to support continued high levels of growth.

Last year we added four new departments: jewellery, footwear, beauty and accessories. This year, we have again responded to the needs of our customers and put a team together that can deliver 800 hot new fashion lines a month, double our average for the last 12 months.


Must ReadView All

Pic: Shutterstock

Textiles | On 29th Feb 2020

Nepal's pashmina sector gets European Union boost

A new project funded by the European Union to strengthen Nepal's path ...

Pic: Shutterstock

Apparel/Garments | On 29th Feb 2020

Coronavirus outbreak hits Thai garment industry

The coronavirus outbreak has been affecting the Thai apparel industry ...

Pic: Shutterstock

Retail | On 29th Feb 2020

Indian govt clarifies on sourcing of goods from SEZs

Goods procured from units in special economic zones (SEZs) by...

Interviews View All

Priyanka, Studio Priyanka Rajiv

Priyanka
Studio Priyanka Rajiv

‘To reinvent the age-old tradition of embroidery to suit demographics and...

Varinder Singh Jawanda, Trendy Bharat

Varinder Singh Jawanda
Trendy Bharat

Sizing and fitting issues are inherent problems for companies expanding...

Pinkesh Jain, Everflow Petrofils Ltd

Pinkesh Jain
Everflow Petrofils Ltd

‘An innovative technology which India needs desperately is the...

Deepak Mundra,

Deepak Mundra

Surat-based Madhusudan Group is a vertically integrated textile...

Deepprakash Agrawal,

Deepprakash Agrawal

Radhey Weaves is a Surat-based manufacturer of brocade fabrics. MD...

Zafer Demirel,

Zafer Demirel

Turkey's Canlar Mechatronics is a leading designer and manufacturer of...

Shujaul Rehman, Garware Technical Fibres

Shujaul Rehman
Garware Technical Fibres

Garware Technical Fibres Ltd (formerly Garware-Wall Ropes Ltd) is a...

Kerem Durdag, Biovation II LLC

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Lynda Kelly, Suominen Corporation

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Priya Somaiya, Usha Social Services

Priya Somaiya
Usha Social Services

The Usha Silai label from Usha International is all set for a retail...

Judy Frater, Somaiya Kala Vidya

Judy Frater
Somaiya Kala Vidya

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

Aprajita Toor, Aprajita Toor

Aprajita Toor
Aprajita Toor

The creations by Aprajita Toor were born out of a deep desire to create...

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 2020

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


Advanced Search