Home

Tags

asos

asos news and archive

Asos, Boohoo, THG and more launch trade body to support e-commerce sector

British retailers Asos, Boohoo, Gymshark, The Hut Group (THG), Ocado Group and AO World have launched a new trade body to support and promote the country’s fast-growing digital-commerce sector. The newly-founded UK Digital Business Association (UKDBA) said it “will champion the sector” as it adapts to “ever-changing consumer needs”, while...

24 Feb 2021

Business

Asos acquires Arcadia labels for 265 million pounds

British online retailer Asos has announced the acquisition of Topshop, Topman, Miss Selfridge and HIIT brands for 265 million pounds. The company said that the transaction is fully cash funded from existing cash reserves. Additionally, Asos will purchase 30 million pounds of stock upfront to support initial trading before these brands are...

1 Feb 2021

Retail

Asos may keep Topshop's Oxford Circus flagship if acquisition goes ahead

British e-tail giant Asos could reportedly retain Topshop’s flagship store on Oxford Circus if it goes ahead with an acquisition of the brand. The three-storey building has been a retail icon since opening back in 1994, living through the great rise, and then subsequent fall, of the brand’s owner, Arcadia. Chiefs at Asos, which this week...

26 Jan 2021

Business

Asos in ‘exclusive talks’ to snap up Topshop, other Arcadia brands

Asos has confirmed it has joined the race to acquire brands from collapsed retail empire Arcadia. The British e-tailer said Monday it has entered exclusive talks with the administrators of Arcadia over the acquisition of the Topshop, Topman, Miss Selfridge and HIIT brands. Rival British Fashion retailer Next, which was earlier thought to be the...

25 Jan 2021

Business

Asos to employ 2,000 people at new Staffordshire warehouse

Asos has announced plans to employ 2,000 people at a new 90 million pound fulfilment centre in Lichfield, Staffordshire, over the next three years. The 437,000 square foot warehouse, a joint venture between AEW and Allianz Real Estate, is based at Fradley Park and will be operational within 12 months, Asos said. The company will then gradually...

8 Jan 2021

Business

2020: Online fashion sales zoom while physical retailers suffer

Fashion has been the most hard hit category by Covid-19 pandemic. Compulsory store closures, work from home schedules followed by low footfall at opened stores, negatively impacted sales at almost every brick and mortar fashion retailer. According to Reuters, the Office for National Statistics report showed that clothing sales declined 19...

23 Dec 2020

Fashion

Asos reveals “shifted shopping habits” in 2020 trend report

Online retailer Asos has released its annual trends report, which reveals that the pandemic has shifted 20-somethings’ shopping habits, with activewear and loungewear soaring as shoppers looked for comfort. During lockdown, Asos saw a corresponding uptick in customer demand for activewear, with 188,000 pairs of its Asos 4505 Icon leggings sold...

4 Dec 2020

Podcast

Podcast: UnEdited talks about the transformation of e-commerce

In this episode, UnEdited talks about the transformation of e-commerce with fashion acquisition manager at eBay Helen Riley. Riley was one of the first employees at Asos and saw the business grow from a small e-commerce company to a globally recognised e-commerce platform. Listen to the podcast below. Source: UnEdited via Spotify Photo credit:...

23 Nov 2020

Retail

Asos partners with Apexx to manage global payments

Asos has announced a partnership with global payment platform Apexx. In the new partnership, Apexx will manage the authorisation, optimisation and processing of transactions made through Asos’ Payments Orchestration Layer across several of its European markets. The service will be rolled out in more international locations at a later date. As...

4 Nov 2020

Business

Asos posts jump in annual profit

Total sales at Asos Plc grew by 19 percent to 3,263.5 million pounds and profit before tax increased to 142.1 million pounds, an increase of 109 million pounds for the year to August 31, 2020. The company said in a statement that active customer base grew by 3.1million to 23.4 million, up 15 percent from the previous year. EBIT for the year...

14 Oct 2020

Retail

Asos Marketplace adds charity boutiques for AW20

Asos Marketplace, the platform from online retailer Asos that features more than 1,000 independent brands, is adding five new charity boutiques for autumn/winter 2020.   New to the platform this year are Cancer Research UK and Royal Trinity Hospice, while returning from last year’s collaboration with Asos Marketplace are Oxfam Festival Shop,...

12 Oct 2020

Retail

What if online stores took to the high street?

How would online retailers fare if they were to compete on the UK high street? That’s what European technology firm Raisin has tried to find out. Using mobile and desktop search visibility versus revenue, the company has visualised how much space online shops command in comparison to physical stores in a “virtual high street”. In terms of...

7 Oct 2020