Apparel and textile industry company news

Subscribe via RSSWhat is RSS?

Latest Articles

Record Black Friday drives better than expected Asos sales Beth Wright | 23 Jan 20

Asos has reported an "encouraging" start to its new financial year as a record Black Friday weekend helped drive a better than expected sales performance with double-digit retail revenue growth.

Asos harnesses augmented reality for fit tool trial Beth Wright | 15 Jan 20

Asos has become the first retailer in Europe to trial a new Augmented Reality (AR) tool that offers consumers a simulated view of a garment in different sizes and on different body types to help drive more informed purchases.

Has Asos taken on too much? What the analysts say Beth Wright | 16 Oct 19

UK online fashion retailer Asos has blamed warehouse issues in the US and EU, along with restructuring costs and slowing international sales for a 68% drop in pre-tax profit to GBP33.1m. The news, analysts say, proves the company has taken on too much with its "overambitious" plans. 

Asos FY profits tumble amid "disruptive" year Beth Wright | 16 Oct 19

Shares in Asos surged by more than 17% this morning (16 October) as the UK-based online fashion retailer reported a "disappointing" full-year performance marred by warehouse automation and restructuring issues.

Apparel brands join forces to tackle global packaging supply chain Beth Wright | 3 Oct 19

Apparel industry heavyweights H&M, VF Corp, Kontoor Brands and Asos are among ten companies that have committed to a new initiative launched by environmental not-for-profit Canopy to transform the impacts of the global packaging supply chain on forests.

Asos seeks supplier discount to offset investment costs Hannah Abdulla | 21 Aug 19

UK fashion e-tailer Asos has requested a cut in prices from suppliers to help offset ongoing investments in the business to drive sales and growth.

Asos shares tumble on FY profit warning Beth Wright | 18 Jul 19

Shares in Asos remained down by more than 17% this afternoon (18 July) as the UK-based online fashion retailer reduced its full-year sales and profit expectations.

Asos adds responsible filter for eco-friendly items Beth Wright | 24 Jun 19

UK online fashion retailer Asos has unveiled two new features to highlight the environmentally conscious clothing sold on its site and offer customers a way to identify those brands and products more easily.

Asos uses augmented reality to launch virtual catwalk Beth Wright | 14 Jun 19

UK online fashion retailer Asos has launched its first augmented reality (AR) experience - ‘Virtual Catwalk’. 

Asos optimistic despite H1 profit plunge Beth Wright | 10 Apr 19

Despite booking what it calls a "disappointing" first-half performance, UK online fashion retailer Asos has posted a double-digit jump in revenues in the period – and continues to far outperform its competitors, according to one analyst.

Asos shares tumble as H1 growth slows Beth Wright | 19 Mar 19

Shares in Asos remained down by more than 8% this afternoon (19 March) as sales growth slowed at the UK-based online fashion retailer in the first half. 

Asos and PVH join Global Fashion Agenda Beth Wright | 14 Jan 19

UK-based online fashion retailer Asos and apparel giant PVH Corp have become the latest strategic partners to join the non-profit Global Fashion Agenda, which is working to refocus industry efforts on sustainability in the global fashion system.

New Asos lingerie made from recycled plastic bottles Beth Wright | 20 Dec 18

UK-based online fashion retailer Asos has revealed a new lingerie line made from recycled plastic bottles and fishing nets.

UK fast-fashion retailers asked to justify their low prices Hannah Abdulla | 6 Dec 18

Making the sums add up on ultra-cheap fast fashion was one of the lines of questioning pursued during a parliamentary hearing last week, with British lawmakers asking retailers how they can justify selling dresses and T-shirts for just a couple of pounds.

Asos harnesses machine learning to tackle fit Beth Wright | 20 Nov 18

UK-based online fashion retailer Asos has launched a new Fit Assistant tool which uses machine learning to provide sizing recommendations for customers based on previous purchases and returns.

Asos among new ZDHC affiliates Beth Wright | 14 Nov 18

UK-based online fashion retailer Asos is among seven new companies and associates to have committed to the Zero Discharge of Hazardous Chemicals (ZDHC) group.

Asos bags FY sales and profit hike Beth Wright | 17 Oct 18

Shares in Asos surged by more than 14% this morning (17 October) as the UK-based online fashion retailer posted a GBP500m rise in revenue and a 28% pre-tax profit hike for 2018. 

Asos launches voice shopping with Google Assistant Beth Wright | 11 Oct 18

UK online fashion retailer Asos has today (11 October) become one of the first fashion retailers in the UK to launch on Google Assistant, meaning customers can discover the latest of the company's products across popular categories using just their voice.

Union campaign for Asos workers steps up at UK facility Michelle Russell | 5 Oct 18

GMB, the union for Asos workers, is to step up campaigning activity outside the company’s Barnsley warehouse today (5 October) after the conclusion of a long-running complaint found in its favour.

Fashion brands reaffirm Europe GFA commitment Michelle Russell | 4 Oct 18

Inditex, H&M and Asos have committed to continuing their work on building collective bargaining for garment and footwear workers in Southeast Europe as part of the global framework agreement (GFA).

Asos hosts ethical trade and sustainability summit Beth Wright | 26 Sep 18

Senior representatives from Asos third-party brands including Levis, Adidas, Nike, and PVH are set to attend a conference hosted by the UK online fashion retailer today (26 September), to discuss key issues facing the fashion industry including worker rights, purchasing practices, and transparency.

Asos fabric waste helping young women in Kenya Michelle Russell | 28 Aug 18

UK online fashion retailer Asos is continuing its sustainability and ethical work with a new initiative that uses off-cuts from its fabric to produce sanitary towels for young women and girls in Kenya.

Asos blames infrastructure investment for sales slowdown Michelle Russell | 12 Jul 18

Asos has blamed investment in a number of key infrastructure projects in the US and Europe for a slowdown in sales in its last quarter as the online fashion retailer lowered its guidance for the full year.

Asos pilots circular fashion training scheme Michelle Russell | 27 Jun 18

Online fashion retailer Asos is piloting a training programme on circular fashion for its designers, in partnership with London College of Fashion’s Centre for Sustainable Fashion (CSF).

Asos to share slavery risks in key sourcing regions Beth Wright | 27 Mar 18

Asos is to share modern slavery risks in key sourcing regions at a meeting in London today (27 March) and seek a commitment from third-party brands to increase transparency and build capability to tackle modern slavery in the global supply chain.

Asos CFO Ashton to step down Beth Wright | 2 Mar 18

Helen Ashton, chief financial officer of UK-based online fashion retailer Asos, is to leave the company.

Asos hosts modern slavery event in Mauritius Beth Wright | 22 Feb 18

UK-based online fashion retailer Asos has partnered with the British High Commission to host an event in Mauritius today (22 February) to discuss ways of tackling modern slavery in the global supply chain.

Asos investment boosts year-end sales performance Michelle Russell | 25 Jan 18

UK-based online fashion retailer Asos benefited from investment in technology and its ‘try before you buy’ offer to deliver a 30% increase in sales in the final months of 2017.

Asos launches chatbot for Christmas trading Beth Wright | 8 Nov 17

Ahead of the key holiday trading season, and as part of a continued bid to offer the best experience for its customers, UK-based online fashion retailer Asos has developed a chatbot virtual assistant that will help make suggestions for customers shopping for Christmas gifts via Facebook. 

Asos launches UK "try before you buy" service Beth Wright | 2 Nov 17

As part of its continued bid to offer the best experience for its customers, UK-based online fashion retailer Asos is embracing the 'try before you buy' movement with a new service that allows its UK app customers to try any of its 85,000 products at home and only pay for what they want to keep.







just-style homepage

Forgot your password?