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 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
Despite bold pledges to create a more sustainable future, global fashion brands continue to rely on plastics by using synthetic fibres in their collections. According to a report by Changing Markets these fibres are fueling plastic waste and the climate crises due to the fossil fuels needed to make them. Rampant greenwashing 59 percent of claims...
9 Jul 2021
Online fashion retailer Asos has reported a 21 percent year-on-year reduction in operational carbon emissions per order for its 2020 financial year, September 2019 to August 2020. In its annual Carbon Report, Asos reveals a 13 percent reduction in absolute (total) operational carbon emissions over the reporting period, referring to emissions...
8 Jul 2021
A study looking into the use of plastics in the UK’s fast fashion industry has found that 49 percent of the clothing from four top brands is made entirely using virgin plastics. Boohoo was the biggest culprit with 67 percent of its fashion made entirely from fabrics derived from petrochemicals such as polyester, acrylic, nylon and polyamide....
11 Jun 2021
Asos is reportedly one of the potential suitors for London-based online retailers Cult Beauty and Feelunique. Beauty has become an important focus for Asos and is an area the company has previously indicated its interest in expanding, Sky News reports. City sources have told Sky that Asos is yet to make a formal bid on either of the businesses...
20 May 2021
Asos has called for the implementation of mandatory human rights due diligence legislation in the UK to strengthen the 2015 Modern Slavery Act. Such legislation, currently being developed by the European Commission for the EU, would if, introduced in the UK ensure that companies take steps to prevent and mitigate risks and protect vulnerable...
28 Apr 2021
Asos is partnering with DPD on an initiative to allow customers to arrange charity donations to be collected from the doorstep with their Asos order. The circular economy initiative, DPD’s ReLove service will see the delivery company collecting pre-loved clothing and delivering to one of five leading UK charities, free of charge. The service is...
15 Apr 2021
Asos has announced plans to raise 500 million pounds to drive its global expansion a day after the British fashion giant reported surging profits for the first half of the year. The company said it is offering 500 million pounds of senior unsecured guaranteed convertible bonds due 2026 through its subsidiary Cornwall (Jersey) Limited. Asos said...
9 Apr 2021
Fashion’s shift to digital is not as sustainable as we may have been led to believe. The more time we spend online, the greater the need for electricity, which has seen internet usage increase 40 percent worldwide in 2020. A study by Yale university shows a surge in digital activity – from online shopping to following a fitness class to meeting...
22 Mar 2021
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