Profits put online retailer Asos at front of fashion parade – The Times

Asos advised the market that there’s extra the place that got here from after it revealed hovering income yesterday.

The online fashion retailer mentioned that its pre-tax revenue had leapt by 145 per cent to £80 million on income that jumped by 33 per cent to £.92 billion within the yr to August 31.

Then, in an indication of how quickly it's increasing, Asos mentioned that it anticipated full-yr gross sales progress of between 25 per cent and 30 per cent in 2018, which is up on its medium-time period goal of between 20 per cent and 25 per cent.

Its sturdy efficiency comes at a time when most different fashion retailers are fighting robust buying and selling and heavy discounting in a fiercely aggressive market.

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Profits put online retailer Asos at front of fashion parade - The Times