British online fashion retailer Asos said its sales in August were weaker than expected, reflecting pressure on consumers, and as a result its full-year profit would be around the bottom of its guidance.
“After having seen good growth in June and July, sales in August were weaker than anticipated,” it said on Friday.
“This reflected the impact of accelerating inflationary pressures on consumers and a slow start to Autumn/Winter shopping.”
By Paul Sandle; Editor: William James
The UK’s competition watchdog started a probe into potentially misleading environmental claims made by fashion brands Asos Plc, Boohoo Group Plc and George at Asda, over greenwashing concerns.