UK: Asos Q4 revenues up 31% on international growth
- Q4 group revenues up 31% to GBP145.2m
- Retail sales up 31% to GBP141m
- International sales surge 42% to GBP91.2m
Online fashion retailer Asos recorded a 31% increase in fourth quarter revenues, boosted by a strong performance from the company’s overseas operations.
Retail sales in the US, EU and rest of the world rose 65%, 22% and 53% respectively, with the effect that international sales now account for 65% of the company’s total, up from 60% in last year’s fourth quarter.
Asos said it had 5m active customers at the close of the quarter on 31 August, up 35% year-on-year.
“Our sales performance in those markets where we have a website continues to outperform,” said Nick Robertson, company CEO.
Retail gross margin improved by 70bps in the period, he added, predicting that profit for the year was expected to be in line with expectations.
Featured reports from just-style's research store this week include a look at chemical protective clothing, digital strategies at Asos and Oasis, and two reports on world markets for textile machinery...
- The new age of disruption on apparel production
- Will Vietnam struggle with impending trade deals?
- Yuan devaluation impact mixed for garment firms
- China devaluation: what’s the big deal?
- Kurt Cavano on “the Uberfication of everything”
- US Q2 in brief: J Crew, Aeropostale, Bebe Stores
- Adidas seeking to resolve shoe supplier dispute
- Stock-out paradox persists despite data overload
- Luen Thai to continue investment in Vietnam
- New fabric protection with battlefield beginnings
- Global Database of the Top 1000 Apparel Producers - Company Names, Financial Performance, and Contact Details
- Myanmar's Garment Sector in 2015 - now with updated members' directory
- Ethiopia – the emerging textile and clothing industry
- Global market review of lingerie - forecasts to 2020
- Global market review of swimwear - forecasts to 2019