ASOS profits squeezed by global supply chain disruption
Revenue for the group's third quarter totalled £1.29bn, up 31% year on year or 5% on an underlying basis
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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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Revenue for the group's third quarter totalled £1.29bn, up 31% year on year or 5% on an underlying basis
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ASOS, Experian, Severn Trent are among the notable names in the diary for Thursday.
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The proceeds from the convertible bond issue will also be used to invest in growth opportunities
The retailer's outlook is cloudy now that restrictions are lifting across its markets
The clothier expects to lose some sales when restrictions are eased but online penetration would remain higher than pre-pandemic levels
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The AIM 100’s best performers would probably comfortably outpace the FTSE 250’s in most years and yet the index has seriously lagged the mid-caps index since the credit crunch
Thousands of retail workers are facing job losses while it is not clear what will happen to the empty stores across the country
The online retailer plans to transform these iconic names into “digital-first” brands
The online retailer said the deal represents “a compelling opportunity to acquire strong brands that resonate well with its customer base”
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Following stronger than expected performance in the last four months of 2020, analysts wonder whether ASOS can keep the momentum up
The online retailer benefitted from investments in product and marketing, with UK sales jumping 36% amid renewed coronavirus restrictions
It would be the fourth fulfilment centre for the online retailer globally
The online retailer noted the economic impact of the crisis on its 20-something customers
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London's leading index dropped 26 points to 5,943 in the late afternoon