Tag : Asos
Comment: The buying pattern needs to changeSubscription
Greg McCurry, merchandiser for sustainable and fair trade fashion brand People Tree, and former senior merchandiser at Asos, Laura Ashley, Duchamp London and Links of London, says now is the time to “brush off” decades-old discounting and over-stocking habits.
#WFH? Here’s how to boost your staff’s moraleSubscription
Working from home is set to remain a feature of fashion retail business life for the foreseeable future. Drapers finds out how to do it optimally
Asos scales up model social distancing measures Subscription
Asos is accelerating its use of augmented reality (AR) technology to simulate real-life model photography to support social distancing in its studios, in response to the Covid-19 pandemic.
Sizing technology: a cost/benefit analysisSubscription
Drapers examines how new sizing technologies are helping retailers to drive sales and reduce returns, and whether they are worth the investment in this challenging market.
Mid-market fashion brands will be the worst hit from the coronavirus crisis in the UK, while luxury retailers and those with “substantial headroom” will be the winners, experts have predicted.
Asos CEO Nick Beighton has said Asos is “well placed” to survive the coronavirus crisis after a robust first half of the year.
Asos sales sink 25% amid coronavirusSubscription
Asos group sales dropped 20%-25% amid the coronavirus pandemic, after it achieved record interim profits.
Asos looks to refinance debtSubscription
Asos is close to finalising an extension to its debt facilities and a potential equity issuance, ahead of announcing its interim results tomorrow.
Asos ends fixed-term contracts earlySubscription
Etailer Asos has informed almost all employees on fixed-term contracts that it will be ending their agreements early, as a result of the coronavirus outbreak.
Asos rebuts claims over unsafe warehouseSubscription
Asos has denied claims from union GMB that its warehouse in Grimethorpe, Barnsley, is unsafe for workers under new coronavirus public health guidelines.
Retailers are concerned they will be pressured to close their online operations, which they fear could be the “final straw” for the supply chain and the whole economy.
Asos pauses supplier deliveries Subscription
Asos has paused several incoming deliveries from suppliers and third-party brands as it makes adjustments to manage its stock throughout the coronavirus uncertainty.
Redundancies loom at Asos Subscription
Asos is consulting with members of staff across its customer care centre over proposed job cuts, as part of its ongoing restructuring, Drapers can reveal.
Asos appoints chief people officerSubscription
Asos has appointed Jo Butler as chief people officer, boosting its executive committee to position the business for growth.
'Pressured' retailers discount spring stockSubscription
High street and online retailers across the UK have launched discounts on new-season products, as both wet weather and the coronavirus dampen demand for spring stock.
Asos attains 30% reduction in carbon emissionsSubscription
Asos has today announced that it has achieved a 30% reduction in operational carbon emissions per order since 2015/16.
Expansion boosts Raging Bull sales Subscription
Lifestyle brand Raging Bull has reported a 29% like-for-like increase in retail and ecommerce sales in the year to 31 December 2019.
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.
Cash in on the vogue for vintageSubscription
Drapers explores how sustainability is breathing new life into the fast-growing vintage clothing market.
Asos launches virtual catwalk Subscription
Asos has launched an augmented reality feature on its app, called Virtual Catwalk.
Comment: Strategy refresh is just what Asos needs Subscription
Asos is one of many retailers that admits it has tightened its returns policy, as figures reveal that 26% of brands have recorded an increase in returns over the last two years.
Find out what’s been happening on fashion’s social scene this week.
Group revenues at Asos were up 14% to £1.3bn for the six months 28 February, but its pre-tax profit fell 29.9% to £4m following heavy investment in technology platforms and logistics.
Festival brand Elsie & Fred forecasts £1m turnover Subscription
Festival fashion brand Elsie & Fred has predicted its turnover will grow to £1m in 2019.
Rise in revenue at Asos Subscription
Asos has reported a 13% increase in revenue to £658.5m in the three months to 28 February, driven by an outperformance in sales in the UK.
Revenue rockets at Pretty Lavish Subscription
Womenswear brand Pretty Lavish has reported a 215% rise in revenue to £1.9m in the 9 months to 19 January, Drapers can reveal.
Asos appoints first chief product officerSubscription
Andrea Trocino has been promoted to the newly created role of chief product officer at Asos, Drapers can reveal.
The sustainable skills challengeSubscription
As sustainability becomes business critical, retailers and brands are finding that recruiting for the area presents unique problems.
What twentysomethings bought in 2018Subscription
As we step into the new year, etail giant Asos has revealed the trends that stole shoppers’ hearts in 2018.
Asos lowers growth forecastSubscription
Online retail giant Asos has lowered its growth forecasts, as a sluggish November dented sales.
Fashion retail's highs and lows of 2018Subscription
As this year comes to a close and a new one approaches, Drapers recaps the twists and turns in the retail industry over the past 12 months