Asos could axe 100 jobs as profits crash

Asos package

Asos is poised to axe around 100 jobs at its London head office as the business grapples to revive slowing sales.

The online fashion giant has launched a consultation with workers, many of whom are employed in its marketing department, the Sunday Times reported.

The move comes as Asos battles to revive its fortunes.

Having enjoyed stellar growth for a number of years and gobbled up market share from more traditional bricks and mortar rivals, the etailer issued a profit warning in December.

Subscription content

Please sign in now if you have a subscription

Retail Week

Register to continue reading

Retail-Week.com provides premium, in-depth intelligence that helps retailers judge risks, spot opportunities and identify what they need to do to win in the digital economy.

Register today for a taste of our high-quality intelligence and enjoy:

  • 3 free articles a month on Retail-Week.com
  • Detailed analysis of current trends and events 
  • Exclusive newsletters
  • In-depth reports, videos, interviews and much more

Discover Retail Week register now

Please note, if you have recently purchased a subscription, it may take a few minutes before your account is updated.