All Asos articles – Page 5
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NewsAsos sales slip over Christmas in ‘challenging’ conditions
Online fashion giant Asos has posted a fall in sales over the festive period but said it is making progress on its turnaround.
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NewsAsos shareholders urged to rebel at AGM next month
Troubled online fashion giant Asos faces the prospect of a shareholder rebellion at next month’s AGM.
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NewsAsos appoints new non-executive director in board reshuffle
Embattled pureplay fashion retailer Asos has appointed a former Amazon executive to its board as it looks to push ahead with its recently unveiled 12-month turnaround plan.
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OpinionPeter Williams: ‘Fenwick move from Bond Street is sad but inevitable’
The news that the Fenwick store on Bond Street will be closing in 2024 marks yet another moment in the shrinking of the department store sector.
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NewsExclusive: Asos to axe 100 jobs as new boss Ramos Calamonte cuts costs
Asos is planning to axe more than 100 jobs as part of new boss José Antonio Ramos Calamonte’s cost-cutting drive, Retail Week can reveal.
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Opinion'Welcome to Web -1.0, where pureplays struggle and stores are stars'
Never mind the metaverse and Web 3.0 – as ecommerce players fall on tougher times, retailers must focus on creating genuinely multichannel models, writes Retail Week executive editor George MacDonald
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NewsMike Ashley's Frasers Group builds 5% stake in Asos
Mike Ashley’s Frasers Group has built up a shareholding of more than 5% in online fashion operator Asos.
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Opinion‘Asos – in a world of data, company spirit matters and culture still eats strategy for breakfast’
Asos’ new chief executive is wise to want ‘refresh’ its culture – it is the foundation stone of commercial success, writes George MacDonald
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AnalysisAnalysis: How Asos boss Ramos Calamonte plans to put the business back on trend
Asos has unveiled four strategic cornerstones to power through the next 12 months of uncertainty and put the business back on track
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NewsNew Asos boss lays out 12-month turnaround plan as it swings to loss
Asos swung into the red as it struggled against an “incredibly challenging economic environment”.
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NewsAsos in 'final stages' of agreeing new financial covenants to avert cash-flow crisis
Pureplay fashion retailer Asos is in the “final stages” of agreeing new financial covenants in its revolving credit facility, following media speculation that one of its major insurers had cut cover.
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NewsAsos poaches Nike exec to lead sportswear and outdoor division
Asos has hired former Nike executive Tim Phipps as its new sportswear and outdoor director.
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NewsMathew Dunn set to exit as Asos restructures top team
Asos chief financial officer and chief operating officer Mathew Dunn has agreed to a “phased” exit from the business over the coming months.
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Opinion'Shopify got its online gamble wrong – now the pureplays must spread their bets'
Ecommerce giant Shopify’s decision last month to axe 10% of its workforce turned received retail wisdom firmly on its head.
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NewsAsda, Asos and Boohoo face CMA probe into ‘green’ claims
The Competition and Markets Authority (CMA) is to investigate the sustainability credentials of online fashion specialists Asos and Boohoo, along with Asda’s George clothing division.
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Opinion‘When Amazon and Walmart sneeze, all of retail could catch a cold’
Signs of pressure on two of the world’s leading retailers, US-based giants Amazon and Walmart, will send a shiver down the spines of businesses in the UK
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NewsLeicester factories still underpaying and exploiting staff, new study finds
Garment factories in Leicester are still underpaying and exploiting workers, two years after fresh slave labour allegations emerged in the city.
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Opinion‘How can you plan three years ahead in today’s topsy-turvy retail world?’
Retailers are now better able to respond rapidly and with more confidence to volatile conditions, says search specialist Clarity managing partner Fran Minogue.
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NewsAsda, Asos and Amazon warn online sales tax could do more harm than good
Executives from major retailers met with financial secretary to the treasury Lucy Frazer last week to warn of the potential impact of an online sales tax.
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AnalysisWinning the war for talent: How to attract and retain the workforce of the future
With staff shortages widespread across the sector, the Great Resignation far from over and the cost-of-living crisis only just beginning to play out, retail has reached an inflection point when it comes to its workforce.