British e-tailer Asos has issued an update on its forecasts for the first half of fiscal year 25 ahead of the release of its financial results for the period due April 24, 2025. The company is expecting its profitability to significantly improve despite what it said was a “continued volume deleverage”. Its adjusted sales growth is projected to...
21 Mar 2025
Topshop and Topman (TSTM), once known for their trend-driven, high street-boosting formula, could be on the way to reclaiming this status under the watchful eye of a new majority owner and industry veterans. Its hint of a “return” via social media, after years of operating solely under the scope of Asos’ own e-commerce site, has sparked renewed...
7 Mar 2025
Online e-tailer Asos has unveiled a new premium brand designed as an elevation of its own identity. Entitled ‘Arrange’, the womenswear label will be available exclusively via Asos’ e-commerce site, and builds on the company’s list of existing owned brands, already including Asos Design and Collusion. For Arrange pieces, Asos said it combined “a...
3 Mar 2025
Online fashion retailer Asos has announced a series of organisational changes aimed at aligning its structure with its strategy and customer-focused approach to driving growth. CEO José Antonio Ramos Calamonte described the changes as a significant step forward for the company, stating: "These changes represent an exciting new chapter for Asos....
27 Feb 2025
British e-commerce platform Asos has become the European wholesale partner to Australian fast fashion brand Princess Polly. The partnership will see 77 of the label’s clothing options launch via Asos, including its evening dresses, casual wear and outerwear lines, as well as some of the brand’s hallmark products. In a release, Asos brands...
6 Feb 2025
Moses Rashid, the founder of sneaker resale platform The Edit Ldn, has moved to Asos, where he has been appointed as global marketing director for the Topshop and Topman brands. The entrepreneur confirmed the news on LinkedIn, where he said his focus will be on defining the brands’ marketing strategy, building global awareness, re-engaging with...
E-tailer Asos has confirmed that it is to migrate vintage and independent boutique sellers on its Asos Marketplace to its main platform, a feat it plans to have completed by April 2025. According to the company, the strategy intends to benefit customers by “offering one central destination” that showcases all of what Asos has to offer. For the...
24 Jan 2025
British retailer Asos Plc has announced changes to the format of its distribution operations. In a press release, the online retailer explains that it wants to serve American customers through "smaller, flexible and local" locations in the US and is therefore closing its Atlanta distribution centre. This will result in a loss of approximately...
16 Jan 2025
British online retailer Asos has launched a Design collection in collaboration with German sportswear giant Adidas, created using its Test & React model, which allows brands to quickly respond to trends. Traditionally, it takes an average of three to six months from the moment a collection is designed to the moment it hits the shelves. Faster...
19 Dec 2024
Yoox Net-A-Porter (YNAP) has announced a number of new members joining its Fashion Leap for Climate, an educational initiative launched in 2022 alongside About You and Zalando designed as a response to the fashion industry’s climate challenge. British e-tailer Asos, Swedish footwear retailer Boozt and the Selfridges Group, the parent company to...
16 Dec 2024
Cycling brand Assos of Switzerland has launched what is now its second legal battle against British e-commerce giant Asos. According to City AM, the Swiss company has filed a breach of contract claim against Asos to the English High Court, to which Asos Plc, Asos.com and Asos France were named defendants. The exact details of the lawsuit are...
14 Nov 2024
In FY25, driven by a significant increase in the full-price sales mix, Asos expects 300 bps increase in gross margin to over 46 percent and adjusted EBITDA to increase by at least 60 percent to 130 million pounds to 150 million pounds. In the mid-term, the company continues to expect revenue growth, gross margin towards 50 percent and an...
5 Nov 2024