All Asos articles – Page 2
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NewsAsos has put more than 100 jobs at risk amid bid to return to profitability
Asos is set to axe more than 100 jobs amid mounting losses at the online fashion giant as it attempts to return to profitability, according to reports.
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NewsAsos rejected a higher bid for Topshop from Shein and ABG
Asos sold its 75% stake in the Topshop and Topman brands to Heartland for £135m despite receiving a higher offer from fast-fashion juggernaut Shein and Authentic Brands Group (ABG).
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AnalysisAsos boss on Topshop’s potential return to the high street and making the brand ‘accessible and exciting’ again
Asos surprised the City this morning with the announcement that it had offloaded a majority stake of the iconic Topshop and Topman brands to Heartland, a holding firm of Danish fashion giant Bestseller.
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NewsAsos has sold a majority stake in Topshop and Topman brands
Online fashion giant Asos has today announced a new joint venture with Heartland, the holding company of Danish fashion retailer Bestseller, to sell a majority stake in the Topshop and Topman brands.
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NewsAsos makes changes to executive pay to match 'ambitious growth plans'
Pureplay fashion retailer Asos has announced changes to its executive pay plan to align with its “ambitious growth plans”.
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NewsAsos has teamed up with Microsoft to reach ‘operational excellence’ with AI
Fashion retailer Asos has teamed up with Microsoft to bolster its “operational excellence” via greater use of AI.
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Opinion‘As Morrisons marks 125 years in business, how many newer retailers will enjoy similar lifespans?’
Retail thrives on the new but the businesses that last longest are founded on principles that never lose their relevance, observes George MacDonald.
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NewsAsos tells staff virtual meetings are ‘detrimental’ to performance
Asos staff have been warned that online meetings have a ‘detrimental’ impact on performance and that those disobeying its flexible working rules will face disciplinary action.
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NewsAsos joins forces with Reliance to disrupt Indian market
Asos has announced an exclusive long-term partnership with Reliance Retail, a subsidiary of Reliance Industries, to bring Asos own brands to the Indian market.
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Opinion‘Even by its own measures, Boohoo faces a long path to recovery’
Boohoo’s KPIs did not tell a happy story when the retailer posted its annual results this week, and achieving sustainable and profitable success will be a challenge as competitors such as Shein grow, writes George MacDonald
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DataRanking: The top 15 most productive fashion retailers
We’ve teamed up with our sister brand Retail Navigator to give you a rundown of the fashion retailers that have the lowest cost of staff to sales ratio, and are therefore the most productive players in the sector.
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Opinion‘Asos and Superdry will remain fashion victims unless they win back customers’
While Asos and Superdry can tinker with things behind the scenes as much as they like, neither brand seems able to articulate how they plan to go about attracting new customers or winning old ones back.
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NewsAsos sales continue to fall as it appoints new CFO
Asos has reported another slump in sales but says it will meet profit guidance for this year as it introduces a new chief financial officer.
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AnalysisHow significant are the new retail rules on greenwashing?
As retail giants Boohoo, Asos and George at Asda today signed formal agreements to make changes to their green claims as a result of action from the CMA, Retail Week explores the significance of this move for fashion retail.
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NewsAsos, Asda and Boohoo pledge to clean up ‘misleading’ green claims
Asos, George at Asda and Boohoo have signed formal agreements to make changes to their green claims, following action from the Competition and Markets Authority (CMA).
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NewsAsos to hit profit guidance despite sales fall
Fashion specialist Asos has reported a fall in sales but expects to meet full-year profit expectations as it makes “good progress” with its turnaround strategy.
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NewsAsos said to be in talks with Reliance as it eyes expansion in India
Asos is believed to be in talks with Indian retail giant Reliance Retail to bring the British fashion brand to the Indian market, according to reports.
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NewsAsos names new executive vice-president of digital product
Fashion giant Asos has named Anthony Ben Sadoun as its new executive vice-president of digital product, effective from February 26, 2024.
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DataRanking: The top 30 biggest retailers in the UK and where they’ll be in three years
Asos gets the boot, the discounters hit peak growth, Shein soars and more in our annual ranking of the 30 biggest UK retailers and where they’ll be in three years
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NewsExclusive: Shein to knock Asos out of UK’s top 30 retailer ranking
Asos will drop out of the list of Britain’s biggest retailers by 2027 as it gets overtaken by Shein and Zara owner Inditex, Retail Week can reveal.
