In a recent development, Boohoo Group has responded to its major shareholder, Frasers Group, regarding their business strategies and conflicts of interest. The ongoing dispute highlights…
Browsing: Asos
Asos remains optimistic about its financial turnaround, working through a significant £380m loss.The fashion retailer has cut inventory by half since 2022, focusing on full-price sales…
ASOS remains hopeful for a financial turnaround despite significant yearly losses, focusing on strategies that enhance profitability.By halving inventory since 2022, ASOS aims to improve profitability…
Asos faces a challenging period with an 18% drop in UK orders and declining revenues, yet remains optimistic about its strategic adjustments.The company’s full-year revenue fell…
Asos CEO José Antonio Ramos Calamonte addresses concerns over competition from Shein and Vinted amidst mounting losses.Calamonte emphasizes the fragmented fashion market, indicating room for competition…
Asos has seen a notable financial downturn, reporting a £380m loss.Group revenue has decreased by 18% year-over-year, amounting to £2.9bn.Operating losses have increased by 34%, reaching…
Asos recently disclosed its full-year financial results, highlighting considerable challenges yet displaying early positive signs.The company’s group revenue experienced an 18% decline, marking a challenging year…
Asos reports a significant pre-tax loss of £379.3m for the year ending September 1, marking an increase from the previous year’s £296.7m loss.Despite the financial setbacks,…
A new collaboration between two industry players marks a significant shift in UK fashion rental services.The service allows subscribers to rent five garments monthly for a…
Hirestreet and Asos have partnered to introduce a new subscription rental service.This service allows users to rent five items monthly from over 20,000 Asos products for…