Asos ride on US success
Online clothes retailer, ASOS.com has reported a 31% rise in sales, thanks to appetite for its products across the US.
Overall sales increased to £141m in the three months to the end of August, and 65% of the sales were international.
In the UK, sales were up 15% on the same period last year, as total group revenues were up 31%.
Nick Robertson, CEO, commented: “I am pleased to report that trading for the three months to 31 August 2012 has been strong, with total retail sales up 31% to £141m. Retail sales for the year to 31 August 2012 increased 38% to £538m.
“Despite investing in our pricing, I’m pleased to say that our retail gross margin improved by 70bps over the period.
