ASOS no longer a ‘sell’ for ShoreCap over festive gifting hunch
Analysts have a hunch that the online retailer “may well have done well this festive period”
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LON:ASC
Asos.com is the UK's largest online fashion and beauty store, attracting over one million visitors a week. Asos.com is traded in the NEX Exchange HERE
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Analysts have a hunch that the online retailer “may well have done well this festive period”
The online fashion retailer had a stronger promotional campaign compared to last year and looks to be avoiding a repeat of the capacity issues that hit last year
The broker said the online retailer is ready for the upcoming peak trading season, when it “needs” to deliver a successful performance
The broker retained the ‘neutral’ rating as the operational issues and rising customer acquisition costs could potentially keep the firm under pressure
Brokers are wondering whether the online fashion retailer can improve its underlying gross margin percentage
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A look at some of the major risers and fallers in London on Wednesday
The AIM-listed firm reported the expected plunge in full-year profits after its US expansion came with operational issues causing a great deal of disruption
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There are also numbers due from Barratt Developments, Rio Tinto and Mediclinic International
A look at some of the more interesting stories from the junior market over the last week
Pressure is growing on the government to level the playing field and cut levies for bricks-and-mortar retailers while hiking taxes for the online bunch
Since the start of August, three investment firms have increased their short positions in the online fashion giant
Asos was downgraded to ‘hold’ from ‘buy’ but the analysts said the e-retailer's problems are “far from insurmountable”
After last week’s profit warning-inspired plunge, Morgan Stanley believes ASOS is now fairly valued
The investment bank's upgrades upgraded its rating on the online clothes retailer to ‘equal-weight’ from ‘underweight’
The huge US opportunity is still there, says Barclays, but its confidence in the management team to grasp it has “significantly reduced”
Nick Robertson’s stake in the online fashion retailer has plunged after two recent profit warnings, and he’s not the only retail mogul to have suffered in recent years
The opening of the new distribution hubs in Atlanta and Berlin was supposed to lead to a sales surge for ASOS, instead, they’ve caused nothing but problems
Archive
A look back at some of this week's more interesting stories from London's junior market
ASOS is looking to keep a lid on its costs as it recovers from a near-90% plunge in profits in the first half of its financial year
ASOS is trying to drive top-line growth by trimming its prices, particularly in the US, where promotional activity is up 10% year-on-year, according to UBS's data