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Shares of online fashion retailer Asos have lost more than a quarter of their value when a profit issue was offered earlier today. Asos revenue was up by 12% in four months until the end of June compared to the sales last year. Chief executive Nick Beighton said annual pre-tax profits were now expected to…
Fashion retailers such as JD sports, Boohoo and Sports Direct are failing to reduce their environmental and social impact according to MPs. Fashion is a big business in the UK, people in the UK buy more clothes per person than any other country in Europe. The fashion industry was worth £33.3 billion in the UK economy…
Sales at Boohoo grew strongly in the last four months of 2018, this is another sign that people are choosing online shopping over the High Street. Boohoo sells clothes, shoes, beauty products and accessories to a 16 to 30-year-old target audience. The online retailer also owns PrettyLittleThing and Nastygal fashion. Boohoo saw a jump in…
On-Line fashion retailer Asos has reported ‘significant deterioration’ in trading indicating that it is not just the High Street who is suffering from a slow down in consumer spending. Although sales grew by 15% this was below the expected number of around 25% and this sent the shaper price tumbling. The shares which traded well north of £75 early…
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Craig Taylor