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In Pictures: Inside Asos x Nordstrom’s first LA and NYC stores

Following the establishment of Asos and Nordstrom’s joint venture, back in July 2021, the duo has now revealed their first physical stores located in Los Angeles and New York City. The partnership between the two included a minority interest investment by the US-based retailer in Asos-owned brands, Topshop, Topman, Miss Selfridge and HIIT...

16 Jun 2022

BusinessFeatured

Asos names José Antonio Ramos Calamonte as CEO

Asos has announced the appointment of José Antonio Ramos Calamonte as chief executive officer and Jgøren Lindemann as chair. Calamonte is currently chief commercial officer of the company. Commenting on the new appointment, Ian Dyson, outgoing chair of Asos, said: “José is the right person to lead Asos through the next phase of growth. Since he...

16 Jun 2022

BusinessFeatured

Asos cuts profit outlook

Asos reported quarterly sales growth of 4 percent in the three months ended 31 May against a prior comparative growth rate of 47 percent reflecting P3 gross sales growth broadly in line with expectations. The company has updated guidance for the year to reflect uncertain consumer purchasing behaviour and the potential continuation of higher...

16 Jun 2022

BusinessFeatured

Educational resources and meaningful connections: how Asos is attracting Gen Z

Gen Z is more diverse, better educated and far more digitally savvy than any generation before. Born between 1995 and 2010, they make up almost 30 percent of the world’s population. For online retailers like Asos, the fashion-loving, 20-somethings age group already accounts for half of their target audience and will completely overtake...

9 Jun 2022

Fashion Featured

Asos launches second circular design collection and trials partnership with Thrift+

Online retailer Asos is pushing forward with its sustainable initiatives with its second circular design collection featuring more than 40 products made from recycled, renewable, or innovative materials, alongside a trial partnership with clothing resale service Thrift+. The spring/summer 2022 circular design collection is made up of 47 pieces,...

6 Jun 2022

BusinessFeatured

Asos H1 profit hit by supply chain issues

Asos saw its first-half profits take a significant hit from supply chain issues, but it has maintained its full-year outlook. The British fashion giant made a pretax loss in the six months to February 28 of 15.8 million pounds compared to a profit of 106.4 million pounds a year earlier. Its adjusted profit before tax came in at 14.8 million...

12 Apr 2022

Retail

British retailers call for hiring Ukraine refugees

Some of the UK’s biggest fashion businesses are lobbying to hire Ukrainian refugees. Major retailers including Asos, M&S and lush are hoping to ease restrictions for hiring non-citizens to support the humanitarian crisis ahead of an influx of refugees. The BBC reported the initiative is being led by British entrepreneur Emma Sinclair, the chief...

15 Mar 2022

Fashion |In Pictures

Asos Marketplace launches collaboration with Collusion

Asos Marketplace, the online platform for vintage sellers and independent boutiques, has launched its first-ever brand collaboration with Asos’ in-house label, Collusion. The collaborative collection features three Asos Marketplace boutiques, Dream But Do Not Sleep, The Marcon Court Project, and Groovy Gal, who have reworked Collusion samples...

1 Mar 2022

Business

Asos makes stock exchange listing move

Fashion e-tailer Asos has confirmed it will be delisting the company’s Ordinary Shares on AIM from February 21. The retailer will be admitting the shares to the premium segment of the Official List of the Financial Conduct Authority (FDA) and to trading on the Main Market of the London Stock Exchange effective from the morning of February 22. It...

21 Feb 2022

Business

Asos and Anti-Slavery International sign new partnership to 2025

Asos and human rights organisation Anti-Slavery International have agreed on a new three-year partnership to 2025 to support the online retailer in delivering its ‘Fashion with Integrity’ programme. The existing partnership launched in 2017, with Asos stating that Anti-Slavery International has been a “critical friend” providing advice, guidance...

25 Jan 2022

Fashion

Night launches exclusive menswear on Asos

Luxury nightwear brand Night have launched its debut menswear collection exclusively on Asos following an increase in demand for a men’s offering. The seven-piece menswear collection includes soft satin robes and satin shirt and trouser pyjama sets in a range of bold colours and patterns, such as navy jacquard, forest green, red candy stripes,...

19 Jan 2022

BusinessFeatured

Asos releases first-ever economic impact report

Asos is set to boost the UK economy by 3.8 billion pounds and support an additional 25,000 jobs within the next four years, according to the online retailer’s first-ever economic impact report. The online retailer’s total economic impact in the UK grew to 1.8 billion pounds in 2019-20, providing vital support to UK GDP at the height of the...

17 Jan 2022