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Sales at Asos up by 31% in first quarter

Etail giant Asos saw its retail sales jump 31% to £136.9m in its first quarter to June 30.

UK sales advanced 8% in the first three months of the etailer’s financial year.

International, which now accounts for 65% of the etailer’s sales, soared 49% over the period driven by a 83% surge in the US.

EU sales increased 27% and revenue from the rest of world jumped 61%.

Asos chief executive Nick Robertson said: “Our UK performance was particularly encouraging given the current climate. We remain positive in our outlook, and continue to trade in line with expectations.”

Asos advised its retail gross margin was in line with guidance.

Related article:

Asos: Analyst reaction

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