Asos news and archive

Asos appoints new womenswear director

Online fashion retailer Asos has appointed Elena Martínez Ortiz as its new womenswear director to lead the vision and strategy of its own-brand offering, Asos Design. In a statement, Asos said that Ortiz would be relocating to London to take up her new role on August 30 and that she will report into Asos chief executive, José Antonio Ramos on an...

2 Aug 2022

FashionFeatured

Asos, Boohoo, Asda investigated by UK watchdog over ‘green’ claims

A UK watchdog has launched an investigation into Asos, Boohoo, and Asda over their “green” claims. The Competition and Markets Authority (CMA) said it wants to “get to the bottom” of whether the three companies are “misleading customers” over their products’ sustainability credentials. The move is part of the CMA’s recent effort to crack down on...

29 Jul 2022

Business

Asos reportedly delays autumn orders as shoppers tighten purse strings

Asos is reportedly delaying some of its autumn orders over concerns shoppers will reign in their fashion spending amid the cost of living crisis. Suppliers of the UK e-tailer told The Mail on Sunday that some stock has been cancelled altogether on short notice in recent weeks. But the fashion giant said Friday its cancellations were “not running...

25 Jul 2022

Retail |In Pictures

In Pictures: Inside Asos x Nordstrom’s first LA and NYC stores

Following the establishment of Asos and Nordstrom’s joint venture, back in July 2021, the duo has now revealed their first physical stores located in Los Angeles and New York City. The partnership between the two included a minority interest investment by the US-based retailer in Asos-owned brands, Topshop, Topman, Miss Selfridge and HIIT...

16 Jun 2022

BusinessFeatured

Asos names José Antonio Ramos Calamonte as CEO

Asos has announced the appointment of José Antonio Ramos Calamonte as chief executive officer and Jgøren Lindemann as chair. Calamonte is currently chief commercial officer of the company. Commenting on the new appointment, Ian Dyson, outgoing chair of Asos, said: “José is the right person to lead Asos through the next phase of growth. Since he...

16 Jun 2022

BusinessFeatured

Asos cuts profit outlook

Asos reported quarterly sales growth of 4 percent in the three months ended 31 May against a prior comparative growth rate of 47 percent reflecting P3 gross sales growth broadly in line with expectations. The company has updated guidance for the year to reflect uncertain consumer purchasing behaviour and the potential continuation of higher...

16 Jun 2022

BusinessFeatured

Educational resources and meaningful connections: how Asos is attracting Gen Z

Gen Z is more diverse, better educated and far more digitally savvy than any generation before. Born between 1995 and 2010, they make up almost 30 percent of the world’s population. For online retailers like Asos, the fashion-loving, 20-somethings age group already accounts for half of their target audience and will completely overtake...

9 Jun 2022

FashionFeatured

Asos launches second circular design collection and trials partnership with Thrift+

Online retailer Asos is pushing forward with its sustainable initiatives with its second circular design collection featuring more than 40 products made from recycled, renewable, or innovative materials, alongside a trial partnership with clothing resale service Thrift+. The spring/summer 2022 circular design collection is made up of 47 pieces,...

6 Jun 2022

BusinessFeatured

Asos H1 profit hit by supply chain issues

Asos saw its first-half profits take a significant hit from supply chain issues, but it has maintained its full-year outlook. The British fashion giant made a pretax loss in the six months to February 28 of 15.8 million pounds compared to a profit of 106.4 million pounds a year earlier. Its adjusted profit before tax came in at 14.8 million...

12 Apr 2022

Retail

British retailers call for hiring Ukraine refugees

Some of the UK’s biggest fashion businesses are lobbying to hire Ukrainian refugees. Major retailers including Asos, M&S and lush are hoping to ease restrictions for hiring non-citizens to support the humanitarian crisis ahead of an influx of refugees. The BBC reported the initiative is being led by British entrepreneur Emma Sinclair, the chief...

15 Mar 2022

Fashion |In Pictures

Asos Marketplace launches collaboration with Collusion

Asos Marketplace, the online platform for vintage sellers and independent boutiques, has launched its first-ever brand collaboration with Asos’ in-house label, Collusion. The collaborative collection features three Asos Marketplace boutiques, Dream But Do Not Sleep, The Marcon Court Project, and Groovy Gal, who have reworked Collusion samples...

1 Mar 2022

Business

Asos makes stock exchange listing move

Fashion e-tailer Asos has confirmed it will be delisting the company’s Ordinary Shares on AIM from February 21. The retailer will be admitting the shares to the premium segment of the Official List of the Financial Conduct Authority (FDA) and to trading on the Main Market of the London Stock Exchange effective from the morning of February 22. It...

21 Feb 2022