Twitter
Facebook
Linked In
RSS
Login or Register
New to InternetRetailing?
Register Now
Internet Retailing
IREU Top500 The Customer Report: 2018

IREU Top500 The Customer Report: 2018

You are in: > Home > Themes > Industry

This is your 1 complimentary article for this month

Become a member for unlimited and immediate access.


Register
Already a member? Log in here

International sales drive Asos' 31% growth

Linked InTwitterFacebookeCard

Fast international growth helped Asos to a 31% rise in sales over the spring and early summer, the retailer said today.

Overseas sales made up 65% of Asos’ sales in the first quarter of its financial year, while UK sales came in at 35% of the total. UK sales rose by an “encouraging” 8% to £48.1m, but it was overseas that the fashion retailer for twenty-somethings put in its strongest performance.

There, international sales rose by 49% to £88.8m in the three months to June 30 compared to the same time last year. That boosted total sales to £136.9m, 31% up on last year’s £104.2m.

The fastest growth came in the US market, where sales lifted by 83% to £12.9m, while EU sales were up by 27% to £32.3m, and sales in the rest of the world grew by 61% to £43.5m. Total group revenues, which also include delivery receipts and third-party revenues, rose by 31% to £141.1m.

Chief executive Nick Robertson said: “"Our UK performance was particularly encouraging given the current climate, at +8%.

“Our international business grew by +49% driven by a strong performance in the US, +83% and our rest of world category (predominantly Australia) at +61%. International sales now represent 65% of the total up from 57% last year.

"We remain positive in our outlook, and continue to trade in line with expectations."

Linked InTwitterFacebookeCard
Add New Comment
LoginRegister

Become a Member

Create your own public-facing profile
Gain access to all Top500 research
Personalise your experience on IR.net
Internet Retailing
We are the magazine, portal and research source for European ecommerce and multichannel retail, hosting the board-level conversation for retailers, pureplays and brands across all of our platforms. Join the conversation.

© InternetRetailing Media

Latest Tweet

Internet Retailing
Tamebay
eDelivery
Twitter
Facebook
Linked In
Youtube
RSS
RSS
Youtube
Google
Linked In
Facebook
Twitter