Fashion retailer Asos has announced a new influx of policies designed to help those going through health related life events. The policies went into effect on October 7. With Asos employing over 3,800 people worldwide, the policies aim to reduce stigma around the listed health issues, and increase awareness. Open to all genders and any...
12 Oct 2021
For the year to August 31, 2021, Asos plc reported total sales growth of 22 percent to 3,910.5 million pounds. The company said that growth was underpinned by exceptional performance in the UK which grew at 36 percent, whilst internationally sales growth in both the EU and US was 15 percent and 21 percent, respectively, reflecting the wholesale...
11 Oct 2021
Financed by Heartland, the parent company of fashion retailer Bestseller, a 207 megawatt solar power plant is now on grid, supplying renewable energy to cover electricity consumption across the company. What is said to be Denmark’s and Northern Europe’s largest solar power plant, according to Heartland, will connect to the Euopean electricity...
8 Oct 2021
Multibrand retailer Asos has released its first Ethnicity Pay Gap (EPG) data report, stating the 2021 median pay for ethnic minorities is 5.9 percent higher than their White counterparts. According to the report, the result is a 21.2 percent improvement in the overall ethnicity pay gap year on year. Overall, Asos’ ethnicity pay gap has improved...
4 Oct 2021
Asos is to create 184 jobs in Northern Ireland over the next three years through a new tech hub in Belfast that it has invested 14 million pounds in. The new jobs are expected to contribute almost 6.5 million pounds in additional annual salaries, according to Northern Ireland’s economy minister Gordon Lyons, who announced the news. The new hub...
28 Sep 2021
Asos has signed a three-year multi-million-pound partnership with London-based esports performance brand Fnatic to develop online and offline activations. The collaboration aims to “bridge the worlds of gaming and fashion” explains Asos in a statement. It will include a variety of different activations, including multiple content series with...
27 Sep 2021
Online retailer Asos has published its ‘Fashion with Integrity 2030’, environmental, social, and corporate governance programme, which includes a commitment to achieve net-zero across the full value chain by 2030, and plans to be more circular, transparent and diverse. The ‘Fashion with Integrity 2030’ (FWI 2030) plan focuses on minimising Asos’...
16 Sep 2021
Asos is reportedly on the search for a new warehouse in continental Europe to help ramp up its delivery speeds in key markets. The British fashion giant, which currently has fulfilment centres in the UK, US and Germany, told investors this month it is in the “early planning stages” of a fifth warehouse, The Telegraph reports. In January, the...
23 Aug 2021
Asos plc’s chairman Adam Crozier is stepping down from the company’s board, having accepted the role of chairman of BT Group plc. The company said in a statement that the process to find a new chair has commenced and Crozier will remain on the board and continue as chairman until November 28, 2021, which marks the end of his three-year term of...
17 Aug 2021
Asos has reportedly drafted in lawyers to investigate claims of sexual harassment and racist bullying at its head office and customer service centre. The company has called in law firm Lewis Silkin to investigate anonymous claims made on Instagram accusing Asos of being a “boys club” where inappropriate behaviour had occurred, according to The...
4 Aug 2021
For the four months to June 30, 2021, Asos has reported total group revenue of 1.29 billion pounds, up 21 percent. Sales in its home market of the UK increased 60 percent to 526.4 million pounds. The company said trading in the last three weeks of the period was more muted, as continued Covid uncertainty and inclement weather, particularly in...
15 Jul 2021
Asos has formed a joint-venture with US-based multi-channel retailer, Nordstrom, which will invest for a minority interest in the Topshop, Topman, Miss Selfridge and HIIT brands. The company said in a release that this joint-venture will help drive the growth of these brands and paves the way for exploration of a new wider strategic partnership...
12 Jul 2021
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