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ASOS Plc

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Asos pulls through pandemic with "robust" momentum

15 July 2020 | Michelle Russell

UK online fast fashion retailer Asos appears to be pulling through the coronavirus pandemic relatively unscathed as it booked higher sales in its third-quarter and offered an optimistic outlook for the full year. Analysts believe the group's flexible business model and a "robust" momentum in the business put Asos in a good position moving forward.... read more


Asos optimistic on outlook as Q3 sales grow 10%

15 July 2020 | Michelle Russell

Online fast fashion retailer Asos has said it expects full-year earnings to come in at the top end of market expectations after sales rose 10% in the third quarter thanks to an improvement in demand.... read more


French Connection will run out of cash unless funding secured

19 May 2020 | Hannah Abdulla

UK-based retailer French Connection has warned today (19 May) it is likely to run out of cash if it fails to secure funding to support the business.... read more


Asos scales up use of augmented reality to weather Covid-19 storm

6 May 2020 | Beth Wright

UK online fashion retailer Asos is ramping up its use of augmented reality (AR) technology to simulate real-life model photography in response to the Covid-19 pandemic.... read more


Global retail closures as coronavirus spreads – Update

15 April 2020 | just-style

A raft of apparel and footwear brands and retailers including Next Plc, Primark, H&M, Nike and Gap Inc, are temporarily closing stores and suspending online operations as part of efforts to help limit the spread of the coronavirus (Covid-19) outbreak. ... read more


Asos posts "record" H1 profits but virus impact starting to weigh on sales

8 April 2020 | Hannah Abdulla

Asos has posted record first-half revenues and profits, but the impact of coronavirus on the most recent three weeks of trading has prompted the UK online fashion retailer to conduct a share sale to shore up its finances, from which it has raised GBP247m (US$306m).... read more


French Connection reports FY loss, sales continue to fall

10 March 2020 | Hannah Abdulla

UK-based retailer French Connection has reported a loss for the full financial year, fuelled by an 11.4% drop in sales.... read more


Asos lowers operational carbon reduction on orders

3 March 2020 | Michelle Russell

Online fast fashion retailer Asos has achieved a 30% reduction in operational carbon emissions per order over the last four years, but says customer delivery remains the most material part of its footprint and is a "continued focus".... read more


French Connection to boost speed-to-market with PLM

30 January 2020 | Beth Wright

UK-based fashion retailer French Connection Group has upgraded to a cloud-based Product Lifecycle Management (PLM) solution to help reduce time to market and facilitate growth.... read more


Record Black Friday drives better than expected Asos sales

23 January 2020 | Beth Wright

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.... read more


Asos harnesses augmented reality for fit tool trial

15 January 2020 | Beth Wright

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.... read more


Has Asos taken on too much? What the analysts say

16 October 2019 | Beth Wright

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. ... read more


Asos FY profits tumble amid "disruptive" year

16 October 2019 | Beth Wright

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.... read more


Apparel brands join forces to tackle global packaging supply chain

3 October 2019 | Beth Wright

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.... read more


Buyer beware – Vietnam sourcing is not the same as China

27 September 2019 | Mark Godfrey

US clothing brands and retailers mulling a sourcing switch to Vietnam to avoid the ongoing tariff war with China need to sharpen up – because doing business with Vietnamese trading partners is very different from working with Chinese suppliers.... read more


French Connection H1 hit by difficult trading

17 September 2019 | Michelle Russell

French Connection Group may have done little to assure prospective buyers of its future potential, analysts have said, after the UK fashion retailer booked falling revenues weighed down by "extremely challenging" trading conditions in the first half.... read more


Asos seeks supplier discount to offset investment costs

21 August 2019 | Hannah Abdulla

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.... read more


Asos shares tumble on FY profit warning

18 July 2019 | Beth Wright

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.... read more


French Connection extends sale discussions

28 June 2019 | Beth Wright

French Connection Group has extended the period for completing the strategic review and formal sale process of the company to September.... read more


Asos adds responsible filter for eco-friendly items

24 June 2019 | Beth Wright

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.... read more


Asos uses augmented reality to launch virtual catwalk

14 June 2019 | Beth Wright

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


Asos optimistic despite H1 profit plunge

10 April 2019 | Beth Wright

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.... read more


Asos shares tumble as H1 growth slows

19 March 2019 | Beth Wright

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. ... read more


French Connection sale talks "ongoing" amid return to FY profit

12 March 2019 | Beth Wright

French Connection Group has achieved its goal of returning to underlying profitability as CEO and chairman Stephen Marks notes discussions regarding a potential sale of the business are "ongoing" with several interested parties. ... read more


Asos and PVH join Global Fashion Agenda

14 January 2019 | Beth Wright

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.... read more


New Asos lingerie made from recycled plastic bottles

20 December 2018 | Beth Wright

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


UK fast-fashion retailers asked to justify their low prices

6 December 2018 | Hannah Abdulla

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.... read more


Asos harnesses machine learning to tackle fit

20 November 2018 | Beth Wright

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.... read more


Asos among new ZDHC affiliates

14 November 2018 | Beth Wright

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.... read more


French Connection in sale talks with four potential buyers

22 October 2018 | Beth Wright

French Connection has announced it is in talks with four interested parties regarding a potential sale of the business.... read more


Asos bags FY sales and profit hike

17 October 2018 | Beth Wright

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. ... read more


Asos launches voice shopping with Google Assistant

11 October 2018 | Beth Wright

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.... read more


French Connection bosses mull sale

8 October 2018 | Hannah Abdulla

French Connection Group's board of directors is mulling a sale of the company, it confirmed today (8 October). ... read more


Union campaign for Asos workers steps up at UK facility

5 October 2018 | Michelle Russell

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.... read more


Fashion brands reaffirm Europe GFA commitment

4 October 2018 | Michelle Russell

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).... read more


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