ASOS grows sales by 10%

ASOS grew its group sales by 10% to £1.01 billion in the four months to 30 June as it benefited from increased demand from customers and more warehouse capacity.

The online fashion retailer also saw its active customer base rise by 16% to 23 million due to particularly strong growth overseas. While sales in the UK were down 1% in the period, international sales climbed by 17% following respective uplifts of 22%, 3% and 19% in the retailer’s EU, US and rest of the world businesses. ASOS said it is on track to achieve strong growth in full year profits and has pledged to repay previously claimed furlough support from the government.

The Retail Bulletin