Asos non-executive director Karen Geary has decided not to seek re-election at this year's AGM and will step down from the board at the conclusion of the AGM on December 1, 2022. Commenting on the development, Jørgen Lindemann, chair of Asos plc, said: "On behalf of the board, I would like to thank Karen for her significant contribution to Asos,...
16 Sept 2022
In a trading update for the 12 months ended August 31, 2022, Asos plc said profit is anticipated to be around the bottom end of company guidance, with constant currency sales growth of 2 percent and net debt of 150 million pounds. The company said in a release that full-year sales, adjusted PBT and net debt are anticipated to be in the range of...
9 Sept 2022
Asos is said to have “quietly” removed its sustainable fashion collection from its website weeks before a UK watchdog launched an investigation into potential greenwashing by the brand. The retailer’s ‘Responsible Edit’ was launched in 2019 as a “one-stop-shop” for sustainable clothing and coincided with a filter that allowed shoppers to search...
30 Aug 2022
Mat Dunn, chief operating officer and chief financial officer at Asos plc will step down from his roles as the company restructures its executive team. Commenting on the mutually agreed decision, Jørgen Lindemann, Asos chairman, said: "I would like to thank Mat for the enormous contribution he has made to Asos over the past three years, and in...
17 Aug 2022
Online fashion retailer Asos has appointed Elena Martínez Ortiz as its new womenswear director to lead the vision and strategy of its own-brand offering, Asos Design. In a statement, Asos said that Ortiz would be relocating to London to take up her new role on August 30 and that she will report into Asos chief executive, José Antonio Ramos on an...
2 Aug 2022
A UK watchdog has launched an investigation into Asos, Boohoo, and Asda over their “green” claims. The Competition and Markets Authority (CMA) said it wants to “get to the bottom” of whether the three companies are “misleading customers” over their products’ sustainability credentials. The move is part of the CMA’s recent effort to crack down on...
29 Jul 2022
Asos is reportedly delaying some of its autumn orders over concerns shoppers will reign in their fashion spending amid the cost of living crisis. Suppliers of the UK e-tailer told The Mail on Sunday that some stock has been cancelled altogether on short notice in recent weeks. But the fashion giant said Friday its cancellations were “not running...
25 Jul 2022
Cross category apparel range launched this week for the iconic brand Specialist apparel licensee, Poetic Brands, has partnered with ASOS once again to design and manufacture a 38-piece collection of apparel inspired by the pop-culture entertainment franchise, Pokémon. Featuring a wide variety of clothing, including tees, dresses, hoodies,...
21 Jul 2022
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
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...
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...
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
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