ASOS doubles annual sales
27 April 2009 09:44
Leading fashion etailer ASOS, formerly As Seen on Screen, has seen its sales double in the past year, with pre-tax profits expected to be ahead of expectations.
In the year ended March 31st, the company saw sales rise 104% to £165 million. Nick Robertson, chief executive, commented: "We remain committed to becoming the market leader in online fashion in the UK and will continue to invest in the business accordingly. Whilst we are being more conservative in our planning for 2009/2010, we believe the outlook is still very positive, and we look forward to another year of strong growth".
In current trading, the company said that sales in the four weeks to April 24th were up 80% year-on-year. However, Mr Robertson added: "We are not immune to the prevailing economic conditions, however, as widely reported, younger fashion is proving more resilient, internet shopping continues to gain in popularity and our international sales are being bolstered by the weak pound. International sales for the four weeks to 24th April are up 173% year on year".
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