ANALYST VIEWS: WHAT IS DRIVING THE ADVANCE OF ASOS IN A TOUGH CONSUMER ENVIRONMENT? January 19, 2011 PHILIP DORGAN | ALTIUM SECURITIES With the launch of the US website going well, ASOS has accelerated its growth, as expected and management has reinvested margin gains in the offer, again, as expected. We are maintaining our ‘Hold’ recommendation. We are bullish that ASOS will hit its sales target, but think that the short-term outlook [...]
More shop chains winding up July 24, 2011 THE number of retail companies which plunged into administration in the second quarter of this year increased by eight per cent compared with same period last year, according to figures from Deloitte. A total of 43 were affected, with household names like Oddbins and Focus being hit by the downturn in consumer spending. Moben, Habitat [...]
ENTREPRENEUR OF THE YEAR June 20, 2011 ENTREPRENEURSHIP has hogged the political limelight over the last year. David Cameron called on the nation’s “doers and grafters” to “roll up their sleeves” and fix our broken economy. The companies on our list have been pushing ahead, creating the jobs and wealth we desperately need. We are all the winners from their enterprise. We’ve [...]
Beware weight of expectation June 2, 2011 BEWARE the weight of great expectations. It is hard to quibble with the performance of Asos, which grew annual profits by 41 per cent in the year to 31 March; few other consumer-facing businesses can match that in these tough times. Strategically, the firm is making great strides. It has grown the number of its [...]
THE WEEK AHEAD in association with GFT July 10, 2011 COMPANIES ● Today, Michael Page International delivers its second quarter trading update. The company was formed in 1976 by Michael Page and Bill McGregor. ● On Wednesday, Sainsbury holds its AGM. On the same day Marks & Spencer will report. It will be hoping for not just ordinary results, but… ● Also on Wednesday, J [...]
THE TIPSTER June 5, 2011 SHARES in online clothes retailer Asos tumbled nearly £2 on Friday, despite pre-tax profits rising 41 per cent to £28.6m. Asos is an AIM-listed company with a market cap of £1.6bn, so the question remains how sustainable the price is at almost five times sales. You can’t knock the ambition though. It has big plans [...]
THE TIPSTER June 5, 2011 SHARES in online clothes retailer Asos tumbled nearly £2 on Friday, despite pre-tax profits rising 41 per cent to £28.6m. Asos is an AIM-listed company with a market cap of £1.6bn, so the question remains how sustainable the price is at almost five times sales. You can’t knock the ambition though. It has big plans [...]
Asos eyes international November 8, 2010 ONLINE retailer Asos is pinning its hopes on overseas expansion as it announced a 59 per cent surge in profit yesterday. The company’s profit boost represented a £7m rise in the six months to September. Asos, which offers cut price fashions aimed at 18-34 year-olds, saw a 50 per cent rise in retail sales to [...]
Asos eyes international November 8, 2010 ONLINE retailer Asos is pinning its hopes on overseas expansion as it announced a 59 per cent surge in profit yesterday. The company’s profit boost represented a £7m rise in the six months to September. Asos, which offers cut price fashions aimed at 18-34 year-olds, saw a 50 per cent rise in retail sales to [...]
Asos in profit surge November 8, 2010 Online fashion retailer Asos today said profits were up by nearly two thirds. The firm made a pre-tax profit of £7m in the six months to September 30, up 59 per cent from £4.4m in the period last year. Revenue was up 45 per cent to £139.7m. Chief executive Nick Robertson said: “As we head [...]