ASOS strides ahead thanks to jump in American sales December 11, 2012 A 57 per cent jump in US sales boosted fashion retailer Asos yesterday, as it posted a 30 per cent rise in sales over its first quarter. Asos, which reported sales of £165.8m in the three months to November, was flattered by a 34 per cent increase in its international business. Chief executive Nick Robinson [...]
Entrepreneur of the year September 11, 2013 The City A.M. Entrepreneur of the Year award recognises those individuals or groups who set up a successful new venture and are now growing it as a profitable business. With close to 400,000 new businesses launched in 2013 so far, the spirit for entrepreneurship in Britain is alive and well. From entertainment to retail, our [...]
Before the open – 15/08 August 15, 2013 The Nikkei dropped sharply last night after finance minister Taro Aso denied prime minister Shinzo Abe was not considering a corporate tax cut – as the Nikkei newspaper had previously reported on Tuesday. Many have said such a tax cut would be a huge shot in the arm for Japan, which is languishing under huge [...]
Asos posts soaring profits October 25, 2012 Fashion retailer Asos this morning posted pre-tax profits of £44.5m in the year to August, up from £31.7m the year previously. Retail sales at the AIM-listed retailer rose to £538m over the year, with UK sales edging up to £205m. It posted a strong performance in overseas markets, and international sales were up 64 per [...]
Investment Comment: Taking Aim with your Isa investments August 6, 2013 AT THE beginning of this week, the government removed an unpopular restriction on Individual Savings Accounts (Isas). Now, for the first time, investors with the confidence to select individual shares for their stocks and shares Isa are able to invest in companies listed on the junior Alternative Investment Market (Aim). Preventing investors from putting Aim [...]
M&S clothing head joins Asos October 10, 2012 AIM-listed fashion retailer Asos this morning confirmed the appointment of ex-Marks & Spencer executive Kate Bostock. Bostock, former head of general merchandise at M&S, will join Asos in January as executive director for product and trading. Bostock announced her departure from M&S in July after a period of poor trading, although she did not officially [...]
Asos boss denies bid talks as the retailer posts soaring profit October 25, 2012 ASOS boss Nick Robertson yesterday dismissed talks of a bid by Amazon after the online fashion firm posted soaring sales abroad. He poured cold water on speculation that he had met with Amazon boss Jeff Bezos saying “I have not spoken to Amazon in three years.” The retailer, which has changed its year-end from March [...]
Analysts give mixed welcome as Bostock joins Asos board October 10, 2012 ANALYSTS yesterday welcomed the long-anticipated announcement that Asos has hired Kate Bostock to join its ranks but questioned whether the former Marks & Spencer executive would fit into the online retailer’s culture. Asos confirmed that Bostock, would join its board in January as executive director, product and trading. Bostock stepped down from her role as [...]
Former Amazon UK head set to take Asos chair October 1, 2012 ONLINE fashion retailer Asos revealed yesterday it has hired the former managing director of Amazon UK to be its new chairman, replacing Waheed Alli, who will step down after 12 years with the firm. Brian McBride, who spent six years at the helm of Amazon’s UK business, will succeed Lord Alli at the beginning of [...]
Asos defies downturn to make sales gains in UK and overseas September 19, 2012 ASOS cheered investors with accelerating sales growth in the UK over the summer, helping boost its shares 1.8 per cent yesterday. The online fashion retailer brushed off the malaise seen on the British high street to report 15 per cent growth in UK takings to £49.9m for the three months to 31 August. This takes [...]