ASOS targets prices cut by brokers but new CEO is 'taking the right steps'
Revenue growth for the fast-fashion retailer is expected to be subdued
Company
ASOS PLC
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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ASOS has set itself an 'ambitious and necessary' transformation, but what is it?
Shorter buying cycles, reduced stock levels and new clearance channels are all methods ASOS will lean on to improve efficiency in its supply chain, said Liberum
ASOS reports sharp drop in profit as new chief executive lays out 12-month plan
The online fashion retailer said that to navigate the uncertainty over the next 12 months, it will focus on actions to "reorient our business towards the future"
Archive
FTSE slips at the close after two days of gains
At the close, the UK's blue-chip index finished with a loss of 12 points, or 0.2%, to wrap up Wednesday's trading session at 6,925 points
ASOS' problems pile up ahead of new CEO's debut
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Archive
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ASOS close to agreeing amendment to revolving credit facility
ASOS said it retains a strong liquidity position and that the amendment is a prudent step in the current environment
ASOS a potential bid target as pound slides, reckons Shore Capital
Specifically, the American luxury department store Nordstrom was named as a potential buyer
Zalando's winter ranges can insulate it from ASOS/Boohoo problems, says Barclays
Barclays remained equal weight on Zalando, with a target price set at €27, down from €28
Asos' profit warning won't be its last, warns Liberum
Further earnings downgrades and a potential strategy shift under a new chief executive and chairman remain a risk
ASOS profits to be at 'bottom end' of guidance
The cautious statement comes a day after a profits warning from Primark owner, Associated British Foods
ASOS is testing the waters with sportswear, but will it dive in?
The company may be looking to cash in on the growing popularity of the athleisure trend
Peel Hunt slashes target price, cuts estimates for ASOS as early clothing collection release fails to entice customers
The Peel Hunt analysts have set their full-year profit before tax range for ASOS at somewhere between £20mln and £60mln, much of which depends on recent trading improvements
ASOS removed sustainable clothing range weeks before CMA investigation
The watchdog’s concerns include vague language that could potentially mislead customers
ASOS says Mat Dunn to step down as CFO and COO
The online fashion retailer said Dunn will remain employed until the end of the year to provide transitional support
CMA investigation into Asos and boohoo risks alienating customer base
Specifically, the regulatory body was concerned over statements and languages used by the businesses
ASOS says it will co-operate as regulatory body opens investigation
Boohoo and George are also being investigated over concerns their green claims are misleading to customers
ASOS claws back on supplies over concerns about future orders
The online fashion retailer issued a profit warning in June
Zalando issues profit warning as consumer confidence rebound hopes fade
Guidance for the fiscal year was cut, with revenue now expected to grow anywhere between 0% and 3%
ASOS target price slashed by Barclays but 'green shoots' seen
While a lot of Thursday’s announcement was expected, “what surprised was the magnitude” of the guidance downgrade