September 2013
Featured in this insight: Financial services, Consumer goods & FMCG , Retail, International
ASOS reports retail sales up 47% in Q4: ASOS Plc recently reported that: retail sales in Q4 were up by half (47%); full year retail sales were up by two fifths (40%); and pre-tax profits are marginally above expectations. Furthermore, ASOS have reported that active customers at the yearend were up by two fifths (42%) year-on-year, to 7.1 million.
The online clothing and beauty retailer reported sales rose to £208 million in the three months to August 31, and to £753.8 million for the full year. In addition, EU retails sales grew the most in the final quarter, with a three quarter (73%) increase to £53 million.
US retail sales were the second biggest international gainer, with sales up three fifths (59%) to £20.9 million, and retail sales for the rest of the world up a quarter (26%). Overall, international sales were up half (47%) to £133.8 million in the final three months of its financial year, and 44% for the whole year.
Chief Executive Officer Nick Robertson said:
"International growth continues to be driven by the countries in which we have dedicated websites and in-country teams, and was particularly strong in Europe, driven by France, Germany, Italy and Spain. We also saw strong growth in the US and in Russia, following the launch of our Russian website."
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