Asos sales surge during lockdown thanks to casual and active wear

Online fashion retailer expects profits at top end of forecasts amid strong growth overseasCoronavirus – latest updatesSee all our coronavirus coverageAsos expects profits to hit the top end of market expectations this year after the online fashion retailer’s sales of casual and active wear surged during the coronavirus lockdown.The company, which targets the “20-something” fashion market, reported a 10% year-on-year sales rise to just over £1bn in the year to the end of June. Asos said its customer base grew by 6% to 23 million during the lockdown, with particularly strong growth in new international customers. Continue reading... https://www.theguardian.com/business/2020/jul/15/asos-sales-surge-during-lockdown-thanks-casual-active-wear #asos #retail_industry #fashion_industry #coronavirus_outbreak #business #fashion #uk_news