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Asos

April 2024

  • A smartphone with an Asos app in front of a keyboard and an Asos logo

    Asos says it will take ‘necessary actions’ after 18% drop in sales

    Online fashion retailer says it is becoming ‘faster and more agile’, after pre-tax losses of £120m

March 2024

  • The Asos website on a phone and a laptop

    Asda, Asos and Boohoo must avoid ‘greenwashing’ after crackdown

  • Economist and member of the Bank Of England’s Monetary Policy Committee Catherine Mann.

    Business live
    Bank of England policymaker says markets pricing in too many rate cuts; Co-op Bank to cut 400 jobs –as it happened

November 2023

  • boxes including shoes laid out on the floor of a lounge

    Many unhappy returns: UK retailers count the costly growth in sent-back items

    Mounting waste, rising costs and shrinking profits prompt firms to find ways to deter shoppers from sending stuff back
  • Mannequins in Topshop, Oxford Street

    Fashion’s efforts to go green cancelled out by shopaholics

    Wrap report says 12% reduction in carbon impact negated by 13% rise in textiles produced and sold

    • Nils Pratley on finance
      Asos will not shed its reputation for being accident-prone easily

      Nils Pratley

    • Asos expects sales slump to continue as it is hit by near £300m loss

    • Asos has gone from being an iconic comfort brand to a fast-fashion also-ran. What happened?

      Sophie Benson

September 2023

  • Asos website on a Samsung Galaxy tablet

    Asos cuts profit forecast after wet summer hit sales

    Online fashion retailer says it has reduced its stock levels by 30% amid fall in customer numbers

June 2023

  • smartphone with someone on Asos's website

    Mike Ashley’s Frasers Group raises stake in Asos to nearly 9%

    Larger holding is nearly enough to block a potential takeover bid as speculation grows about online retailer’s future

May 2023

  • Laptop and mobile phone show the website of online fashion retailer ASOS with an image of three people smiling

    Asos raises funds as it seeks turnaround after £291m loss

    Analysts say still a risk firm could be forced to refinance again if recovery strategy is not successful
  • Nils Pratley

    Nils Pratley on finance
    Fast fashion but slow progress at loss-making Asos

    Nils Pratley
    Covid lockdown boom masked flaws until it didn’t – and the loss of £291m in six months was worse than expected
  • Smartphone with an Asos app and a keyboard pictured in front of a displayed Asos logo

    Asos falls £291m into the red as shoppers return to high street

    ‘Challenging trading backdrop' for online fashion retailer, with sales down more than expected

March 2023

  • Arm with purple sleeve and hand with red nails holding out a white returns package, against yellow and blue backgrounds

    The future of work
    Buy. Return. Repeat … What really happens when we send back unwanted clothes?

    The rise and rise of online fashion stores – and their generous returns policies – has created a new industry dedicated to dealing with our unwanted clothes. But what damage is being done – to our planet and to retailers – by our boomerang shopping habits?

January 2023

  • Last-minute Christmas shoppers in Winchester, Hampshire, on 24 December

    Five things we learned from Britons’ Christmas shopping

    Online specialists took a hit, inflation is good and bad, and not everyone is skint – but they are nervous
  • A smart energy meter in a home in Walthamstow, east London.

    Business live
    UK energy bills forecast to fall further in July; US inflation rate drops – as it happened

    Investec predict UK energy bills will average £2,500/year in the second half of 2023 year, as US consumer price index falls to 6.5% in year to December
  • Mince pies

    M&S enjoys a bumper Christmas with best ever food sales

    Retailer boasts biggest share of clothing and homeware market in seven years, as Tesco hails festive boom

December 2022

  • Shoppers outside the London branch of Selfridges on Oxford Street on Boxing Day.

    UK retailers see 50% rise in Boxing Day shoppers over last year’s figures

    Better-than-expected numbers after 2021’s Covid-hit Christmas remain well below pre-pandemic levels

November 2022

  • Shoppers on New Street in Birmingham on Saturday

    UK retailers launch discounting blitz after month of falling sales

    Up to 50% discounts as cost of living crisis hits shopping budgets and mild weather leaves winter styles unsold

October 2022

  • Mike Ashley

    Frasers builds 5% stake in Asos to become fourth-largest investor

    Mike Ashley’s increased holding comes after online retailer reported slowing sales and full-year loss
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