Tag : Asos
Lost Ink CEO reveals new strategySubscription
The chief executive of fast fashion womenswear brand Lost Ink has revealed a new direction for the business under its new leadership team.
Asos’ latest set of positive trading results are proof that customers are not moving away from fast fashion as it continues to “lead the way” on sustainability, CEO Nick Beighton has said.
Asos 'back on track' after record Black FridaySubscription
Asos has reported a 20% year-on-year rise in total group revenues to £1.1bn for the four months to 31 December 2019, as a result of a “record Black Friday” and strong customer engagement.
The number of UK online retailers in financial distress has risen by 65% over the past three years to 9,024, insolvency firm Begbies Traynor has found.
Fashion retail’s redundancy crisis at ChristmasSubscription
The festive season looks bleak for thousands of retail workers facing redundancy, many of whom are turning to charity for help.
Asos appoints chief growth officer Subscription
Asos has announced the appointment of Robert Birge as its first chief growth officer.
The industry is calling for government support as scores of retailers across the UK cut head office roles in a bid to reduce costs and combat tough trading conditions.
Further redundancies loom at AsosSubscription
Asos is consulting with a further 100 members of staff across its head office over proposed job cuts, as part of its ongoing restructuring, Drapers can reveal.
Getting Asos back on trackSubscription
Profits have fallen at Asos. How can the etailer overcome its challenges to ensure sustainable growth?
Asos has ‘more work to do’, admits CEOSubscription
Asos’s CEO Nick Beighton has admitted the etailer has “more work to do” to get the business back on track, after a “painful and disruptive” 2018 led to a plunge in profits.
Significant investment 'disrupts' Asos profits Subscription
Profit before tax at Asos dropped by 68% year on year to £33.1m in the year to 31 August, following “significant” investment in its warehousing and sustainability credentials.
Asos reveals new board members Subscription
Asos has appointed four new non-executive directors, including Luke Jensen, CEO of Ocado Solutions.
The high street's hot-ticket denim heroesSubscription
Leading buyers and designers reveal their top-performing denim styles from the season so far and give their thoughts on what is coming for spring 20.
‘Desperate’ retailers discount autumn stockSubscription
High street and online retailers across the UK have launched discounts on new-season products, as warm temperatures dampen demand for autumn stock.
Suppliers' shock at Asos discount demandsSubscription
Suppliers have slammed Asos asking for a 3% discount on all orders for stock received after 1 September, branding it “unbelievable”.
Asos asks suppliers for discountSubscription
Asos is asking suppliers for a 3% discount on all invoices for stock received from 1 September onwards, to continue to “fuel joint growth” at the business.
In the wake of Asos’s second profit warning in seven months, Stephen Springham, head of retail research at property consultancy Knight Frank argues that ecommerce is not a golden ticket to success.
Asos profit drop blamed on warehouse troublesSubscription
Online giant Asos has warned full-year profit before tax will be lower than expected after sales in Europe and the US were hit by teething troubles as the retailer overhauled its warehouses.
Public Desire hires ex-Asos senior buyerSubscription
Public Desire has appointed former senior buyer at Asos, Fiona Brown, as head of buying for apparel and footwear.
Head office roles under threat at Asos Subscription
Asos is reportedly consulting on around 100 redundancies at its head office in London.