Belfast Telegraph

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ASOS sales figures buck rivals' trend

By Holly Williams

Published 13/07/2016

An outfit from online fashion retailer ASOS
An outfit from online fashion retailer ASOS

Online fashion firm ASOS shrugged off Brexit fears for retailers as it upped its full-year sales outlook after cheering "strong" trading.

The group posted a pick-up in sales growth for the four months to June 30 - up 28% in the UK at £203.1m and 25% to £297.4m across its burgeoning international arm with currency movements stripped out.

ASOS said the robust third-quarter performance meant sales for the full year were now expected at the top end of its forecasts for between 20% and 25% growth.

Annual profits are set to be in line with expectations, it added, as its focus on lowering prices will weigh on profit margins. Its update bucks mounting woes among its high street rivals.

Belfast Telegraph

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