Member Article

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.

This was posted in Bdaily's Members' News section by Tom Keighley .