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...
- Low labour cost countries linked to highest risks
- Why should brands care about China cotton?
- UK reshoring hub hit by sweatshop claims
- New fibre and fabric innovations for outdoor wear
- COMMENT: Skills or new technology?
- South Africa to grow grass for recyclable textiles
- US West Coast port contract reached
- 30% of Adidas cotton from sustainable sources
- Activewear driving US apparel spend
- Benetton to embark on living wage roadmap
- Outdoor performance apparel: peaks, valleys, and green fields
- Myanmar's Garment Sector - Opportunities & Challenges in 2015
- Global market review of swimwear - forecasts to 2019
- Management briefing: Outlook 2015: Apparel industry issues in the year ahead
- Apparel Retail: Top 5 Emerging Markets Industry Guide