Strong profit growth reportde by ASOS

The online fashion retailer ASOS have increased their full year pre-tax profit by 28% to £102 million making this its third consecutive year of sales growth in excess of 20%. The year to 31 August saw the group revenue climb to £2.4 billion while retail sales were up by 26%. The latter included a 23% uplift in the UK and a 27% increase in the company’s international markets.

Read more at the Retail Bulletin