Company
ASOS PLC
LON:ASC
Asos.com is the UK's largest online fashion and beauty store, attracting over one million visitors a week. Asos.com is traded in the NEX Exchange HERE
435 stories · page 2 of 5
H&M hit with lawsuit over 'greenwashing' claims
Plaintiffs in the case allege that they have been “hoodwinked” into paying a premium for the supposed green products when they aren’t green at all
Shein's low prices or ethical practices, what's more important to consumers?
An undercover investigation by Channel 4 shed light on some unsavoury practices but website visitor numbers did not drop
ASOS and Boohoo can not compete against Zalando model across Europe, says Liberum
The analysts noted that the Germany-based company now has over 50 million active customers but that still only represents around 10% of the total population in its current markets
Frasers and hedge funds join battle over ASOS
ASOS’s shares are down 75% so far this year, with the retailer issuing profit warning after profit warning
ASOS sees Frasers increase stake - reports
Frasers, which announced this morning it also upped its share in Hugo Boss, first acquired a slice of ASOS earlier this year
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Market movers: Pearson soars 7.8% as tech push pays dividends
A look at some risers and fallers in the market today.
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FTSE 100 finishes higher as investors pin their hopes on Sunak's ability to steer a safe course for the UK
At the close, the FTSE 100 ended its day with a 0.6% gain to finish at 7,014 points
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Market movers: Record rises after strong quarter two
A look at some risers and fallers in the market today.
ASOS targets prices cut by brokers but new CEO is 'taking the right steps'
Revenue growth for the fast-fashion retailer is expected to be subdued
ASOS has set itself an 'ambitious and necessary' transformation, but what is it?
Shorter buying cycles, reduced stock levels and new clearance channels are all methods ASOS will lean on to improve efficiency in its supply chain, said Liberum
ASOS reports sharp drop in profit as new chief executive lays out 12-month plan
The online fashion retailer said that to navigate the uncertainty over the next 12 months, it will focus on actions to "reorient our business towards the future"
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FTSE slips at the close after two days of gains
At the close, the UK's blue-chip index finished with a loss of 12 points, or 0.2%, to wrap up Wednesday's trading session at 6,925 points
ASOS' problems pile up ahead of new CEO's debut
Credit insurance for retailers is a vital cog of the oil machined
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Market movers: Hargreaves Lansdown falls on possible legal action
A look at some risers and fallers on the market today.
ASOS close to agreeing amendment to revolving credit facility
ASOS said it retains a strong liquidity position and that the amendment is a prudent step in the current environment
ASOS a potential bid target as pound slides, reckons Shore Capital
Specifically, the American luxury department store Nordstrom was named as a potential buyer
Zalando's winter ranges can insulate it from ASOS/Boohoo problems, says Barclays
Barclays remained equal weight on Zalando, with a target price set at €27, down from €28
Asos' profit warning won't be its last, warns Liberum
Further earnings downgrades and a potential strategy shift under a new chief executive and chairman remain a risk
ASOS profits to be at 'bottom end' of guidance
The cautious statement comes a day after a profits warning from Primark owner, Associated British Foods
ASOS is testing the waters with sportswear, but will it dive in?
The company may be looking to cash in on the growing popularity of the athleisure trend
Peel Hunt slashes target price, cuts estimates for ASOS as early clothing collection release fails to entice customers
The Peel Hunt analysts have set their full-year profit before tax range for ASOS at somewhere between £20mln and £60mln, much of which depends on recent trading improvements
ASOS removed sustainable clothing range weeks before CMA investigation
The watchdog’s concerns include vague language that could potentially mislead customers
ASOS says Mat Dunn to step down as CFO and COO
The online fashion retailer said Dunn will remain employed until the end of the year to provide transitional support
CMA investigation into Asos and boohoo risks alienating customer base
Specifically, the regulatory body was concerned over statements and languages used by the businesses
ASOS says it will co-operate as regulatory body opens investigation
Boohoo and George are also being investigated over concerns their green claims are misleading to customers
ASOS claws back on supplies over concerns about future orders
The online fashion retailer issued a profit warning in June
Zalando issues profit warning as consumer confidence rebound hopes fade
Guidance for the fiscal year was cut, with revenue now expected to grow anywhere between 0% and 3%
ASOS target price slashed by Barclays but 'green shoots' seen
While a lot of Thursday’s announcement was expected, “what surprised was the magnitude” of the guidance downgrade
Can Asos's woes be due to the end of e-commerce bubble?
The outlook for fashion e-commerce could be “deteriorating” as a result of the cost-of-living crisis
Asos warns on profits due to inflation, appoints new CEO
The online retailer anticipates that its gross margin will be adversely affected by the cost of markdowns
Fast fashion’s slip showing as headwinds mount
ASOS, Boohoo and even Primark are struggling with supply chain disruption and consumer squeeze
Zalando issues profit warning as online woes span Europe
Sales are now expected to hit the lowered end of its 12%-19% guidance range
ASOS says full impact of cost-of-living crisis 'yet to be felt' but still expects sales to grow
The online fashion retailer said its guidance for the year remains unchanged and expects sales growth to accelerate in the second half
ASOS cuts off Russian customers
The fashion firm said it is "neither practical nor right" to continue sales to Russia
Hardware & electrical equipment
ASOS's move to the main market unlikely to spark an exodus from AIM
ASOS was, arguably, AIM's highest-profile stock although it has long since lost the soubriquet of "AIM's highest-valued company"
ASOS shares jumps 9% on plans to ditch AIM listing; supply chain issues linger
Inclusion on the LSE’s main list will open up a whole new market for the stock with trackers and funds barred from buying AIM shares now able to invest
FIVE at FIVE: FTSE 100 at two year peak, EasyJet flying too high, Checkout.com worth twice BT, UK's hidden gems and British Gas prices warning...
Here’s Proactive’s round-up of the top financial stories of the day, with helpful links taking you directly to the news
ASOS eyes £7bn annual sales by 2025
The online retailer wants to grow sales of its own brands, which include Topshop, and double the size of the US and EU arms
ASOS slips on the catwalk as it fights to remain relevant
Monday’s updates pushed the stock down 14% to 2,396p
ASOS ushers out chief executive to implement £7bn annual revenue plan
The current financial year is expected to see 10%-15% revenue growth but also a drop in profits
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FTSE 100 closes at day's best level as US stocks push higher ahead of earnings season
At the close, the UK blue-chip index was 51.30 points, or 0.7% higher at 7,146.85, the day’s peak and well above the session low of 7,085.85
Asos and Primark look to put heat on rivals with new sustainability pledges
The ESG standing of rivals Boohoo and Chinese newcomer Shein are not the best
boohoo, ASOS and ABF’s Primark to benefit from international pressure on ultra-cheap Chinese competitor Shein
Shein has become the fastest-growing major apparel retailer in the world
Asos investor event could 'significantly improve sentiment' for depressed shares, says broker
The online clothing retailer faces "upside risk stemming from the ramp up of the Topshop brands, the Nordstrom partnership in the US and the potential for a release of pent-up demand as COVID-19 restrictions subside", analysts believe
ASOS profit and share targets clipped by JP Morgan
Shares of the AIM-listed online retailer have fallen from around 5,200p in July
Second-hand, rental clothing markets “an opportunity and a threat” for retailers, says RBC
The second-hand clothing market is expected to double in size to US$77bn over the next five years as consumers want to make their wardrobes more sustainable
Asos and Boohoo may not get AIM crown back as Chinese challenger Shein bursts onto scene
She-what? Analysts at Shore Capital say investors may not have heard of them but they should "watch out"
As ASOS almost loses AIM crown (some) analysts say 'buy the dip'
The Topshop owner's shares tumbled 16% to their lowest since last August, with investors and some analysts seeing the retailer as losing momentum
ASOS profits squeezed by global supply chain disruption
Revenue for the group's third quarter totalled £1.29bn, up 31% year on year or 5% on an underlying basis
Archive
ASOS, Experian, Severn Trent set for Thursday’s spotlight
ASOS, Experian, Severn Trent are among the notable names in the diary for Thursday.
ASOS to expand Topshop presence in North America with Nordstrom partnership
Nordstrom will take a minority stake in Topshop, Topman, Miss Selfridge and HIIT
Reusable face masks produced by Adidas and other popular brands fail safety tests, says Which?
Airpop, Superdrug, The Big Silk and M&S scored well in the research
ASOS raises £500mln to refinance Topshop deal
The proceeds from the convertible bond issue will also be used to invest in growth opportunities
ASOS in ‘wait and see’ mode as pandemic boom comes to an end
The retailer's outlook is cloudy now that restrictions are lifting across its markets
ASOS posts record interims, boosts investment to keep customers after lockdowns
The clothier expects to lose some sales when restrictions are eased but online penetration would remain higher than pre-pandemic levels
AIM proved its worth during pandemic year suggests new research
The largest AIM members have seen much better share price performances than the Main Market said UHY Hacker Young
Archive
The ‘millennial’ stocks to watch as Oatly and Bumble IPOs take the market by storm
Digital-led and sustainable businesses tend to be the most popular among the younger generations
The AIM conundrum examined as the market finally makes it back to pre-credit crunch levels
The AIM 100’s best performers would probably comfortably outpace the FTSE 250’s in most years and yet the index has seriously lagged the mid-caps index since the credit crunch
High street empties as ASOS sweeps bulk of Arcadia empire, Aldi tells former employees to apply for supermarket roles
Thousands of retail workers are facing job losses while it is not clear what will happen to the empty stores across the country
ASOS snaps up four Arcadia high street brands for £265mln, including Topshop
The online retailer plans to transform these iconic names into “digital-first” brands
ASOS confirms interest in acquiring Topshop, Topman, Miss Selfridge, HIIT from administration
The online retailer said the deal represents “a compelling opportunity to acquire strong brands that resonate well with its customer base”
End of lockdown feels further away but some consumer stocks expected to thrive
Analysts at Berenberg have picked their favourite stocks in various consumer-facing sectors
Small cap movers: ASOS wrestles ‘king of AIM’ crown back but investors don’t cheer the good festive sales
A look back at some of the more interesting stories from London's junior market over the past week
ASOS ‘king of AIM’ again but is lockdown-induced demand set to last?
Following stronger than expected performance in the last four months of 2020, analysts wonder whether ASOS can keep the momentum up
ASOS says full-year profits to be at top end of expectations
The online retailer benefitted from investments in product and marketing, with UK sales jumping 36% amid renewed coronavirus restrictions
ASOS to create 2,000 jobs at new £90mln Staffordshire warehouse
It would be the fourth fulfilment centre for the online retailer globally
ASOS sees profits grow four-fold after strong lockdown performance
The online retailer noted the economic impact of the crisis on its 20-something customers
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FTSE 100 holds losses; US Dow drops off after positive start
London's leading index dropped 26 points to 5,943 in the late afternoon
ASOS and Barratt lead corporate diary for Wednesday
Also scheduled to deliver updates and figures are fishing tackle retailer Angling Direct and recruitment firm PageGroup
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FTSE 100 fades below the flatline, US markets buoyed by tech
An end to volatility ... it has been a very subdued day in London
ASOS and Boohoo Group shares strut higher on rival upgrade read-across
The Zalando update comes ahead of final results for ASOS due next Wednesday
Archive
Small Cap Movers: Guild Esports kicks off dealings in London
A look back at some of the more interesting stories from London's junior market this week
ASOS launches eco-friendly circular collection
The circular economy is a systemic approach to economic development to reuse existing resources rather than depleting the planet’s
ASOS upped to ‘hold’ as Liberum says fashion firm catching up on lost ground
Liberum said the company’s lower return rate had been a key driver of ASOS’s recent stronger trading, however, they said it was “unlikely to remain this attractive in the future as consumer return to usual shopping patterns"
ASOS in fashion as it upgrades profit forecasts following stronger demand
The online fashion firm's revenue growth for the full year is now expected to be between 17%-19% with pre-tax profit in the region of £130mln-£150mln
ASOS to pay back furlough money amid strong profit expectations
In the four months to June 30, revenue advanced 9% to £1bn as customers turned to 'lockdown' products
Credit Suisse revises up target prices for ASOS, B&M, Next but demand may be subdued during the summer
Analysts said excess promotions, adverse weather and the end of government furlough schemes could be a cause
Retail survivors can become thrivers in sector revolution, says Peel Hunt
The broker selected those companies which strengthened their competitive position, customer relevance and online share as top picks
ASOS upped to ‘overweight’ as JP Morgan says firm is ‘stronger’ following recent challenges
The bank also said following a £247mln fundraising last week the clothing giant had "sufficient funds" to manage through the coronavirus crisis
ASOS upgraded to ‘buy’ by Jefferies over expectations of market share gains
Analysts expect the online retailer to benefit from shop closures
ASOS moved to ‘sell’ by Liberum as fundraise “may not be enough” to survive pandemic
Target price and forecasts remained under review as analysts wait for more clarity on the retailer's stocks and finances
ASOS raises £247mln in placing as sales drop by a quarter amid coronavirus disruption
The retailer also extended a debt facility to cope with customers prioritising spend elsewhere
Archive
FTSE 100 closes in red but 'watched for selloff refuses to arrive'
Britain's top share index finished the day down around 26 points at 5,677
ASOS upgraded to ‘buy’ by Berenberg as confidence restored
The price target was upped to 4,200p as analysts believe the problems were caused by capacity constraints rather than weaker consumer sentiment
ASOS posts “better than expected” sales driven by Black Friday
The online fashion retailer added “there is still much work to be done” to make the most of this “encouraging” start of the financial year
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FTSE 100 closes in red as China virus fears mount
Britain's blue-chip index finished down over 64 points at 7,507. The midcap FTSE 250 plunged over 222 points to 21,540
ASOS cut to ‘underweight’ as Morgan Stanley says medium-term forecasts “much too high”
Despite their downgrade, the investment bank stressed that it was not “making a ‘call’” on the company's Christmas trading statement later this week
Archive
FTSE 100 closes lower as IMF's global growth downgrades spook traders
The FTSE 100 index finished around 23 points lower at 7,651, while the FTSE 250 shed over 39 points at 21,847
ASOS no longer a ‘sell’ for ShoreCap over festive gifting hunch
Analysts have a hunch that the online retailer “may well have done well this festive period”
Asos gets upgrade to 'buy' from HSBC as it "turns the corner"
The online fashion retailer had a stronger promotional campaign compared to last year and looks to be avoiding a repeat of the capacity issues that hit last year