Tag : Asos
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
Drapers’ Power 100 list of the people shaping the fashion retail industry today
Danish billionaire and retail titan Anders Holch Povlsen took over the running of his family-owned business in 2000, aged just 28.
Nick Beighton, CEO, AsosSubscription
In April, Nick Beighton said Asos was planning to “step on the gas” across several key areas, including technology and “game-changing” artificial intelligence functions, as well as warehousing and back office systems.
Asos appoints COOSubscription
Asos has promoted its supply chain director, Mark Holland, to the newly created position of chief operating officer.
Drapers explores why size inclusivity and body positivity are increasingly important topics in fashion.
Missguided boss under fire for parliamentary no-show Subscription
Missguided chief executive Nitin Passi has been criticised by environmental audit committee chair Mary Creagh after refusing to attend a hearing on sustainability in the fast fashion industry.
In the week leading up to Black Friday, one by one retailers are unveiling their discounts. Drapers brings you a roundup of the latest offers.
UK Black Friday sales to jump Subscription
Black Friday is predicted to bring £10.4bn in sales to the UK, up 3.1% on last year, a new report from GlobalData has shown.
Asos bosses' bonuses cutSubscription
Following failure to hit targets, Asos bosses have had their bonuses cut for the first time in four years.
Social media has become a daily obsession for many consumers, and savvy brands have embraced these channels to maximise engagement and – until now indirectly – drive sales.
Asos appoints new CFO Subscription
Asos has appointed former Britvic CFO Mathew Dunn to the role of chief financial officer.
Asos launches Boards to get shoppers organisedSubscription
Asos has launched a new in-app feature that allows shoppers to organise their saved items.
Businesses which fail to disclose their strategies for tackling modern slavery in their supply chain risk being publicly named by The Home Office.
Asos ‘well prepared’ for no-deal BrexitSubscription
Asos chief executive Nick Beighton has said the business is prepared for all possible Brexit outcomes as the UK’s deadline to leave the European Union looms.
Profits jump at AsosSubscription
Asos has announced a 28% increase in profit before tax to £102m for the year to 31 August, despite investing heavily to support its future growth.
Asos launches voice shoppingSubscription
Asos has become one of the first fashion retailers in the UK to launch voice technology on Google Assistant.
Asos to expand customer care centreSubscription
Fashion etailer Asos has signed to take a further 120,000 sq ft of office space for its customer care team at Leavesden Park, near Watford.
Asos technical director Richard Zubrik will leave the etailer to join Notonthehighstreet as chief technology director.
Retailers ‘panicked’ into autumn Sales Subscription
Retailers across the UK have launched discounts on new-season products, as warm September temperatures dampen demand for coats and knitwear.
Nasty Gal introduces inclusive sizingSubscription
Nasty Gal has joined the growing list of brands to expand the range of sizes they offer to make their clothes more inclusive.
As artificial intelligence starts to replace human resource, Drapers examines how retailers are using the technology to leverage business opportunities
Asos CEO shifts focus to infrastructureSubscription
Asos chief executive Nick Beighton has defended the slowdown in the rate of growth at the etailer, saying the business has shifted its focus to investing in its infrastructure.
Asos sales up by one-fifthSubscription
Asos has continued to gain market share with a reported retail sales increase of 22% to £802.7m from £660.1m in the four months to 30 June year on year.
Sustainability and ethical retailing have long been on the agenda for fashion retailers.