Asos warns on sales as it slumps to £300m loss
Embattled fast fashion retailer Asos posted a near £300m annual loss on Wednesday, as it warned that sales would continue to fall.
Source: sharecast.com
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Asos losses widen but turnaround 'on track'
After a week's delay, Asos has published its full year results, showing a 10% decline in group revenue and a 238.7% increase in operating losses to £248.5m. After a week's delay, Asos has published its full year results, showing a 10% decline in group revenue and a 238.7% increase in operating losses to £248.5m.
Source: drapersonline.com
Asos announces slump in revenue and mothballing of Lichfield warehouse
The business said a few hundred people work for the company which runs the site on its behalf.
Source: independent.co.uk
Asos chief: We'll 'reignite our brand heat' to turn firm around
Asos has been trying to reduce the £1.1bn worth of stock it holds and turning it into cash, stating stock levels have been cut by 84 per cent.
Source: cityam.com
Asos CEO on tackling its mounting losses: 'I look into the sky every day'
Asos CEO José Antonio Ramos Calamonte has insisted that the troubled etailer - which reported a 238.7% increase in operating losses to £248.5m fiscal year 2023 - is on track to return to growth by 2025.
Source: drapersonline.com