UK: International growth fuels Asos FY profit surge
By just-style.com | 2 June 2011
- FY underlying pre-tax profit up 41% to GBP28.6m
- Retail sales up 58% to GBP324.1m
- International retail sales up 142% to GBP140m
Online fashion retailer Asos recorded a surge in full-year profit, boosted by sales growth across the board and, in particular, from its expanding international operations.
A group revenue hike of 52% in the year to 31 March was led by international sales growth of 142%, with total retail sales rising 58% and UK retail sales moving up 25%.
“Our international expansion programme remains firmly on track,” said Asos CEO Nick Robertson.
“During the year we launched country-specific sites in the US, France and Germany, and we plan to launch three further country-specific sites in the coming financial year.
“We have continued our investment programme to meet anticipated growth targets. Key to this is the ongoing transition to a new 530,000sq ft warehouse in Barnsley, which will be fully operational by June 2011.”
Sectors: Apparel, Finance, Retail
View next/previous articles
2 Jun 2011 -
Currently reading -
UK: International growth fuels Asos FY profit surge
Related research
As the e-commerce channel grows, consumers are becoming demanding with regards to delivery options and customer service. ASOS has already instigated new processes and initiatives, such as free delivery for UK customers and same day delivery. In its e...
Datamonitor's ASOS plc - SWOT Analysis company profile is the essential source for top-level company data and information. ASOS plc - SWOT Analysis examines the company’s key business structure and operations, history and products, and provides summa...
UK Remote Shopping 2011: This sector has continued to outperform store based retailers for growth, as shoppers become more comfortable about buying online. This report provides market sizes for the three channels which make up this market, with forec...
Related articles
UK: Marks & Spencer plays down Bostock departure rumours
Marks & Spencer has moved to quash rumours today (24 November) that general merchandise executive director Kate Bostock is in advanced talks to move to online fashion retailer Asos or another rival.
There are currently no comments on this article
Be the first to comment on this article