Search
Close this search box.

Asos sales continue to defy the crunch

This is an archived article - we have removed images and other assets but have left the text unchanged for your reference

Sales at Asos.com were up 118% for the nine weeks to 16 January 2009 and up 108% for the 42 weeks to 16 January 2009, the online fashion retailer has revealed.

“We have had another great Christmas,” says chief executive Nick Robertson. “Sales, visitors, conversion and average basket value were all at record levels with the website attracting 5.2 million unique visitors in December alone. We now have 1.2 million active customers, a 112% increase over the last 12 months.”

“We helped maximise sales over the Christmas period by running a number of free delivery weekends and product promotions,” he added. “Whilst this has impacted margin, we expect profit before tax for the year to 31 March 2009 to be in line with the board’s expectations.”

“We remain cautiously optimistic about the outlook for ASOS with both young fashion and the internet proving more resilient in the current economic climate,” Robertson concluded. “We will continue with our programme of investment, putting in the infrastructure to support continued growth.”

Read More

Register for Newsletter

Group 4 Copy 3Created with Sketch.

Receive 3 newsletters per week

Group 3Created with Sketch.

Gain access to all Top500 research

Group 4Created with Sketch.

Personalise your experience on IR.net