- Home
- News
- Sectors
- People
- Supply chain
‘UK’s economic underperformance matters for all in retail’- ‘How to recover cost inflation while continuing to offer value to customers’
- ‘Supermarkets aren’t to blame for product shortages, but it’s time to pause for thought’
- ‘From automation to home working, Sainsbury’s changes highlight forces shaping retail’
- Tech
- ‘Can you be sure that AI will capture who you are and what customers like about you?’
- Virtual try-on and fewer returns: How retailers are using AR to elevate the customer experience
- Ranking: Meet the 30 UK retailers forecast to dominate ecommerce
- As Ocado banks on international tech success, is this as good as it gets at home?
- Stores
- Store gallery: John Lewis pilots ‘shopping by senses’ and localisation in new-look branch
- Store gallery: Inside Heaven by Marc Jacobs’ first store outside LA
- Is Sephora’s first UK store in nearly two decades worth the wait?
- Exclusive: Dwindling retail space under pressure as new development hits 20-year low
- Events
- RW Live
- Prospect
Asos issues profit warning due to ‘operational issues’
Asos has lowered its full-year expectations for the second time this year after its US and European arms suffered ongoing “operational issues”.
Total group revenue was up 12% to £919.8m for the four months to June 30 with sales in the UK up 16% to £334.1m for the same period.
Despite the increase in sales, the online fashion retailer expects its full-year profits to be in the region of £30-£35m. This is the second profit warning the struggling retailer has issued since December.
Asos has been struggling with ongoing issues with its European and American parts of the business with growth in those two markets “lower than expected”.
Subscription content
Please sign in now if you have a subscription or are already registered with us.
Register for free 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:
- Two free article views per calendar 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.