ASOS plc announced trading statement for the 3 months ended 30 September 2011.
Q2 Highlights • Retail sales + 53% year on year (UK +1%, International +141%) • International sales mix 59% • 3 new international websites launched - Australia, Spain and Italy
Underlying retail sales +61% excluding the impact of a non comparable main summer sale, consequently retail margin significantly ahead over the period.
H1 Highlights • Retail sales + 60% year on year (UK +8%, International +150%) • International sales mix 58% • Retail margin c.+170bps
Nick Robertson, CEO, commented: "I am pleased to report a strong first half performance. Our retail sales grew 60% over the comparable period, with our International business more than compensating for the economic challenges facing our UK customer base.
"During the period we launched three more country specific sites in Australia, Italy and Spain taking the total number of ASOS sites to 7 (including the UK).
"With costs and stock tightly managed and retail margin ahead of prior year, we are confident of achieving results in line with market expectations."
ASOS is a global online fashion and beauty retailer and offers over 50,000 branded and own label product lines across womenswear, menswear, footwear, accessories, jewellery and beauty with approximately 1,500 new product lines being introduced each week.
Aimed at fashion forward 16-34 year olds globally, ASOS attracts 13.6 million unique visitors a month and as at 30 September 2011 had 6.3 million registered users and 3.7 million active customers from 160 countries (defined as having shopped in the last 12 months).
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