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Sales soar at Asos

Sales at Asos soared 43% in the third quarter as international sales helped fuel growth.

In the three months to May 31 total group revenues grew 43% to £197m with the etailer now boasting 6.5 million active customers - 38% more than this time last year.

Total retail sales rose 45% to £194m compared to the same period last year, with UK sales delivering a 39% rise to £64m. International sales reached £129m, thanks to a 48% rise. Sales in the US rose 59% while those in the EU grew 56%.

Chief executive Nick Robertson said: “We continue to see stronger growth in those countries where we have dedicated websites and in-country teams, notably in the US, France, Germany and Australia. Our dedicated Russian website launched on 1 May 2013.”

He added: “Retail gross margin grew by 10bps over the quarter as we annualised last year’s price investments. We anticipate a further increase in the fourth quarter which should result in a small improvement for the year as a whole.”

Robertson said he remained positive regarding the outlook for the year to August 31 and expects full year results to be in line with expectations.

Readers' comments (1)

  • Wow - its so exciting to be part of this growth. They have their strategy spot on. International expansion, limited mark down, great product presentation and good mix of brand and own brand. Added to this great supplier relations too. It makes you want to develop better product for them all the time.

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