ASOS, the popular online fashion retailer, has announced a 20% rise in sales in the four months to 30 June.
Figures show that sales are strong with an increase of 27% in the UK and an increase of 16% for international sales and recorded 9.7 million active customers which saw an 11% rise year-on-year.
Chief executive of ASOS, Nick Robertson said: “UK growth remained strong at +27%. Our continued international price investments underpinned our international sales growth of 16% (+23% on a constant currency basis), despite a number of currencies weakening against Sterling.
“After accounting for our price investments during the period, the full year gross margin is nonetheless expected to remain in line with last year, assisted by tighter inventory control and strong full price sales.
“We have increased investment in our people and our customer proposition, particularly in relation to free returns trials. We therefore expect EBIT margin to remain at the guided level of circa 4%.”
The online retailer has also reported that it expects its full year sales to be at the higher end of its range 15% to 20%.
