Retail news
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ASOS to invest for growth as profits soar
- Posted:
- 10 June 2010 09:45
ASOS plans to invest £40 million to boost its warehouse capacity in a bid to become a £1 billion business within five years. The announcement accompanied the online fashion retailer's annual results, with pre-tax profits up by 44% to £20.3 million in the year to March 31st. This was in ...read more
ASOS continues growth
- Posted:
- 20 April 2010 10:17
ASOS has revealed continued growth, both in the UK and internationally, delivering total sales growth of 35% despite the recession. In a trading update for the year ended March 31st, the company saw retail sales rise 38% to £206 million, with UK retail sales up 23% and international sales up ...read more
ASOS wins Golden Chariot award for delivery excellence
- Posted:
- 28 January 2010 09:20
ASOS has won the Golden Chariot award for delivery excellent in a survey of 137 internet retailers conducted for Snow Valley's 2010 Online Retail Delivery Report. Ebuyer, PC World and Amazon followed ASOS in the rankings.The 137 participants were scored on three criteria; value for money, customer service and flexibility.Speaking ...read more
M and M Direct prepares for launch in Germany
- Posted:
- 19 January 2010 10:14
M and M Direct, Britain's second-largest online fashion retailer after ASOS, is preparing to enter the German market with a German language website after reporting strong Christmas trading. Sales soared by 21% in the 10 weeks to January 3rd, with internet orders up by 30% to more than 800,000 comprising ...read more
ASOS confident after strong Christmas
- Posted:
- 18 January 2010 09:30
In a trading update covering the Christmas period, online retailer ASOS said that sales were up 30% year-on-year in the five weeks to January 3rd. The board added that trading was in line with expectations, with 1.5 million active customers at January 17th, a 25% increase on last year.In addition, ...read more
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