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...
- Supply chain takeaways from Sourcing at MAGIC
- Cotton supply chain transparency an ongoing issue
- No simple way to be sustainable, says SAC CEO
- Why voters don’t want more global supply chains
- Denim and athleisure top picks for back-to-school
- Li & Fung eyes supply chain speed in 3-year plan
- Zara USA faces US$5m deceptive pricing lawsuit
- EU clothing imports from China continue to plunge
- EU relaxes origin rules on Jordan clothing exports
- US Q2 in brief - Sears, Burlington, Tilly's
- Too Many Standards
- Southeast Asia strategic sourcing review – a focus on Cambodia, Vietnam and Myanmar
- Under Armour, Inc. (UA) - Financial and Strategic SWOT Analysis Review
- Myanmar's Garment Sector in 2015 - now with updated members' directory
- Central America strategic sourcing review - a focus on Guatemala, El Salvador and Honduras