All Asos articles – Page 8
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AnalysisThree ways retailers are fixing weak links in their supply chains
Amid ongoing turbulence – from driver and CO2 shortages through to Brexit-based delays – Retail Week’s latest report brings optimism for retailers that smoother, more efficient and robust supply chains can be created
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NewsAsos to create 200 jobs at new Belfast tech hub
Fashion pureplay Asos plans to open a tech hub in Northern Ireland to support further growth.
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Opinion‘Asos and Primark’s ESG targets are on the right track, but time is running out’
The unveiling of sustainability strategies by Primark and Asos was touted as a potential landmark moment for the fashion sector. However, while both plans are admirable in their scope, Rosie Shepard argues that the targets set out may be too distant to make a difference.
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AnalysisThe changing face of beauty: How brands are setting the foundations for success
As the old saying goes ‘beauty is in the eye of the beholder’ and for consumers looking to purchase beauty products today their eyes are more likely than ever to be fixed on a screen.
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Opinion‘Retailers cannot ignore the trend of purchasing with purpose’
Conscious consumerism is on the rise. According to the Co-op, ethical consumer spending hit record levels last year, swelling to more than £41bn.
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NewsAsos investor acquires major Boohoo stake
A US investment firm has acquired a 10% stake in Boohoo.
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NewsAsos chair Crozier steps down for rival role
Asos chair Adam Crozier has been appointed chair of BT Group and will stand down from his role at the fashion giant later this year.
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Opinion‘Climate change will collide with business as usual – retailers need to act now’
The Covid pandemic may finally be starting to cool down, but attention this week has shifted to another crisis that’s threatening to boil over – climate change.
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Opinion‘Is Asos an 18% worse business now than it was last week?’
“Is our business 18% worse now than it was last week?” That is the question Asos chiefs were asking themselves following a trading update that sparked a share price rout, wiping out almost a fifth of its value within minutes.
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NewsAsos sales rise despite demand ‘volatility’
Asos has posted an increase in third-quarter sales but cautioned that “volatile demand” and supply chain pressures are likely to persist during the coronavirus crisis.
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AnalysisDeep dive: Tackling the fulfilment nightmare before Christmas
With online sales expected to remain high this golden quarter and the industry facing operational challenges as the first post-Brexit Christmas, Retail Week explores how retailers can shore up their operations and fulfilment to meet consumer demand ahead of peak.
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AnalysisAnalysis: How Asos and Nordstrom will make Topshop’s American dream a reality
Asos has announced a joint venture with US department store chain Nordstrom, marking its first foray into bricks-and-mortar. Retail Week speaks with boss Nick Beighton about why he thinks Nordstrom is the right partner for its new brands.
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NewsAsos launches joint venture with US giant Nordstrom
Asos has launched a joint venture with American retailer Nordstrom to boost its stable of brands in the US and Canada.
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DataData: The future of Asos and Boohoo
Asos and Boohoo are amongst the largest names in online fashion, and both outperformed competitors to achieve strong growth through an extremely tough period that was initially described as “a real existential crisis for the fashion industry”.
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NewsRetail fortunes flag but online entrepreneurs climb Sunday Times Rich List
Traditional retailers’ fortune have had a bruising year but a number of online retail entrepreneurs have climbed or entered The Sunday Times Rich List for the first time.
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DataData: Asos vs Boohoo – the battle of the fashion etail giants
Asos and Boohoo – two fast fashion etail giants who have stormed through the pandemic, picking up struggling competitors as they go. But, in five years’ time, who will be the bigger powerhouse?
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NewsAsos eyes Cult Beauty and Feelunique as takeover targets
Asos is considering possible takeovers of online beauty platforms Cult Beauty and Feelunique, it is understood.
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AnalysisGeneration M: Catering to the young fashion-conscious Muslim consumer
The modest fashion market is growing but mainstream retailers are yet to really take note. Retail Week explores how to cater to the Muslim consumer without being tokenistic
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Retail Navigator Analysis
Asos (Overview)
Founded in 2000, Asos is a global fast-fashion destination for 20-somethings with a wide variety of content and localised experiences. While it remains one of the world’s best-known pureplays it has arguably lost its way of late amid fierce competition.
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Retail Navigator AnalysisAsos (SWOT)
Asos became firmly established as a global online fashion retailer within a relatively short timescale, with sales nudging £4bn in FY2022. However, fast forward a couple of years and the retailer reported two-consecutive years of declining sales and widening losses. Although trading has been challenging recently, its efforts to shift back to “fashion” and focus on its strengths could help Asos return to the robust growth of its past.
