Miss Selfridge news and archive

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...

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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...

Apparel

Jabong, Rohit Bal join hands for exclusive collection

Delhi-based fashion portal Jabong is partnering with designer Rohit Bal to launch an exclusive ethnic wear line this April. Plans are also on to cash in on high margin categories like apparel, shoes and accessories, Jabong would launch its in-house labels next month. This is part of a strategy that many leading online retailers are adapting to...