Four months' retail sales up 22% at ASOS

The e-tailer's UK retail sales reported a rise of 25 per cent to £206.2 million in the four months period as compared to £165.5 million in the corresponding period last year. Its international retail sales reported a rise of 20 per cent to £240.7 million as compared to £199.7 million in the corresponding period last year.

Its US retail sales reported a rise of 42 per cent during this period to £49.7 million as compared to £34.9 million in the corresponding period last year. Its EU retail sales reported a rise of 29 per cent to £111 million as compared to £86.3 million in the corresponding period last year.

Commenting on the results, Nick Beighton, CEO of ASOS plc said, “We have traded well through peak and are continuing to invest in the future growth of the business. We are on track with our plans for the year as a whole.”

“We had record sales over cyber weekend in late November, and have seen further growth in average order frequency, average basket value and number of orders, alongside an acceleration in active customer growth to +18 per cent. We are progressing well with our warehouse and technology investments,” he informed. (MCJ)

ALCHEMPro News Desk - India