Sales by Shein’s Ireland-registered entity Infinite Styles Ecommerce Co grew 68 percent in 2023, hitting €7.684 billion ($8.36 billion), according to annual results published on …
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ASOS
Asos Cedes Topshop to Denmark’s Bestseller for $178 Million
Asos Plc, the troubled UK online fashion seller, agreed to sell control of its Topshop and Topman brands to a company controlled by Denmark’s Holch …
Asos and Boohoo Forced to Clarify Green Claims
Major UK fast fashion retailers will change the way they promote the environmental credentials of their clothes after being accused of greenwashing by a UK …
Asos Sales Fall Again Amid Turnaround of Fashion Retailer
Asos Plc suffered a double-digit decline in sales in the first half as the fashion retailer was forced to heavily discount clothes to clear a …
Adidas, H&M and ASOS Cargo Aboard: One Ship’s Voyage to Avoid the Red Sea
When the Maersk Tanjong set sail from Thailand on Dec. 2, headed towards the Suez Canal to reach the US East Coast, it was carrying …
Report: UK’s ASOS Exploring Sale of Topshop Brand
British online fashion retailer ASOS Plc (ASOS.L) is exploring a sale of its Topshop brand, Sky News reported on Saturday. ASOS bought the Topshop brand in 2021 from the administrators of …
Asos Sales Fall 14 Percent in Latest Quarter as Firm Prioritises Profit
British online fashion retailer Asos on Thursday reported a 14 percent drop in quarterly revenue but said its new strategy was starting to work as …
Retailer Asos Falls After FTSE 250 Relegation
Asos, the British online fashion pioneer valued at more than £7 billion ($8.8 billion) just over two years ago, has been relegated from the FTSE …
Asos Raises Funds After £291 Million Loss
Asos is raising £80 million from shareholders and borrowing £275 million from Bantry Bay Capital, the specialist lender which recently bailed out troubled retailers Superdry …
Asos, Crocs Reset Net-Zero Climate Commitments
Two years ago, British fashion e-tailer Asos set a bold goal to cut its net carbon emissions to zero by the end of the decade. …
Asos Reports First-Half Loss as Shoppers Cut Back
Asos, Britain’s one-time poster child for the shift to online fashion retailing, swung to a first-half loss, hurt by a squeeze on household budgets and …
Asos Names Glithero as Interim Finance Chief
British fashion retailer Asos on Friday named Sean Glithero as interim finance chief to help drive its turnaround plan, succeeding Katy Mecklenburgh who leaves in …
Asos Identifies Cost Savings After Christmas Sales Slide
Online fashion retailer Asos said operational changes would help deliver a £300 million benefit to its current financial year, giving the group a much-needed lift …
Asos Holds Talks With Lenders on Adding Restructuring Expert
Struggling online fashion retailer Asos Plc and its lenders are discussing whether to hire a restructuring expert following the departure of its chief financial officer. A number …
Asos Continues With Finance Chief Search, Interim CFO to Leave
British online fashion retailer Asos said its interim chief financial officer will leave in six months, giving it a deadline in its search for a permanent CFO, …
Ashley’s Frasers Group Raises Stakes in Hugo Boss, Asos
Mike Ashley’s Frasers Group Plc is continuing a strategy of taking bets on rivals with the sportswear retailer increasing its holdings at fashion brand Hugo …
Asos Shares Drop on Talks With Lenders to Change Borrowing Terms
Asos shares fell sharply on Monday after the British online fashion retailer said it was in talks with lenders to change the terms of a …
Asos Reports Weak August Sales
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 …
Asos Announces CFO Departure as Executive Shakeup Continues
Mat Dunn, who also serves as the fast fashion e-tailer’s chief operating officer, will leave the company at the end of the year, the company …
Asos, Boohoo Targeted in UK Greenwashing Probe
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, …