Will UK Brands Commit to Producing 1% of Their Clothing in Leicester?
An open letter to the British fashion industry urges brands to help the former manufacturing hub become a "beacon of ethical fashion production." ...
Diginomica4d
ASOS CEO sees "green shoots"; the rest of us see massive losses - can Phase 2 of transformation save an e-commerce pioneer?
Year to date, overall revenues were down by 16% to £2.9 billion, while pre-tax losses widened to £379.3 million from £296.7 ...
GlobalData on MSN4d
Asos reports 18% revenue decline for fiscal year 2024
British online fashion retailer Asos has reported a substantial 18% decrease in statutory group revenue for the fiscal year ...
Asos' Weak Balance Sheet and Lack of Scale Will Hinder Recovery
With average prices above those of Zara, H&M, and Primark, Asos operates in the midmarket segment, which has been underperforming in recent years, as it lacks the value proposition of low-cost peers ...
UK’s ASOS forecasts profit jump in 2025
ASOS foresees a 60% earnings boost by 2025 after cutting discounts and refining products. Competing with Shein & Temu, it ...
MarketWatch5d
ASOS Pretax Loss Widens, Recovery Plan Continues -- Update
ASOS reported a widened pretax loss for fiscal 2024 as it continues to pursue a growth recovery plan amid a competitive environment where fast-fashion players such as Shein, Temu and Vinted are ...
Buy5d
TOP NEWS: Asos suffers wider annual loss but it is "back to fashion"
The London-based online-only fashion retailer said its pretax loss widened to GBP379.3 million in the financial year that ended September 1 from GBP296.7 million the year before, as revenue fell by 18 ...
UK's ASOS battling for turnaround in tough market
Britain's ASOS said it was confident it would return to growth in 2025, but last year's decline and tough competition showed ...
Asos delivers another huge loss but insists it can see 'green shoots' at last
Fast fashion retailer Asos has plunged to another huge loss but insisted it can see the “green roots” of recovery after a ...
ASOS Widens Pretax Loss, Continues With Recovery Plan
ASOS reported a widened pretax loss for fiscal 2024 as it continues to pursue a growth recovery plan amid a competitive environment where fast-fashion players such as Shein, Temu and Vinted are ...