Can Asos's woes be due to the end of e-commerce bubble?
The outlook for fashion e-commerce could be “deteriorating” as a result of the cost-of-living crisis
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 warns on profits due to inflation, appoints new CEO
The online retailer anticipates that its gross margin will be adversely affected by the cost of markdowns
Fast fashion’s slip showing as headwinds mount
ASOS, Boohoo and even Primark are struggling with supply chain disruption and consumer squeeze
Zalando issues profit warning as online woes span Europe
Sales are now expected to hit the lowered end of its 12%-19% guidance range
ASOS says full impact of cost-of-living crisis 'yet to be felt' but still expects sales to grow
The online fashion retailer said its guidance for the year remains unchanged and expects sales growth to accelerate in the second half
ASOS cuts off Russian customers
The fashion firm said it is "neither practical nor right" to continue sales to Russia
Hardware & electrical equipment
ASOS's move to the main market unlikely to spark an exodus from AIM
ASOS was, arguably, AIM's highest-profile stock although it has long since lost the soubriquet of "AIM's highest-valued company"
ASOS shares jumps 9% on plans to ditch AIM listing; supply chain issues linger
Inclusion on the LSE’s main list will open up a whole new market for the stock with trackers and funds barred from buying AIM shares now able to invest
FIVE at FIVE: FTSE 100 at two year peak, EasyJet flying too high, Checkout.com worth twice BT, UK's hidden gems and British Gas prices warning...
Here’s Proactive’s round-up of the top financial stories of the day, with helpful links taking you directly to the news
ASOS eyes £7bn annual sales by 2025
The online retailer wants to grow sales of its own brands, which include Topshop, and double the size of the US and EU arms
ASOS slips on the catwalk as it fights to remain relevant
Monday’s updates pushed the stock down 14% to 2,396p
ASOS ushers out chief executive to implement £7bn annual revenue plan
The current financial year is expected to see 10%-15% revenue growth but also a drop in profits
Archive
FTSE 100 closes at day's best level as US stocks push higher ahead of earnings season
At the close, the UK blue-chip index was 51.30 points, or 0.7% higher at 7,146.85, the day’s peak and well above the session low of 7,085.85
Asos and Primark look to put heat on rivals with new sustainability pledges
The ESG standing of rivals Boohoo and Chinese newcomer Shein are not the best
boohoo, ASOS and ABF’s Primark to benefit from international pressure on ultra-cheap Chinese competitor Shein
Shein has become the fastest-growing major apparel retailer in the world
Asos investor event could 'significantly improve sentiment' for depressed shares, says broker
The online clothing retailer faces "upside risk stemming from the ramp up of the Topshop brands, the Nordstrom partnership in the US and the potential for a release of pent-up demand as COVID-19 restrictions subside", analysts believe
ASOS profit and share targets clipped by JP Morgan
Shares of the AIM-listed online retailer have fallen from around 5,200p in July
Second-hand, rental clothing markets “an opportunity and a threat” for retailers, says RBC
The second-hand clothing market is expected to double in size to US$77bn over the next five years as consumers want to make their wardrobes more sustainable
Asos and Boohoo may not get AIM crown back as Chinese challenger Shein bursts onto scene
She-what? Analysts at Shore Capital say investors may not have heard of them but they should "watch out"
As ASOS almost loses AIM crown (some) analysts say 'buy the dip'
The Topshop owner's shares tumbled 16% to their lowest since last August, with investors and some analysts seeing the retailer as losing momentum