Asos has posted a jump in sales during the coronavirus lockdown and said it expects to deliver “strong profit growth” across its financial year.
The online fashion giant recorded a 10% increase in group revenue to £1bn during the four months to June 30.
Sales growth was driven by its international markets, where retail sales climbed 17% to £654m across the quarter.
Its operations in the EU performed particularly strongly, as revenues spiked 22% to £328m. That compared to a 1% dip in sales to £329m in the UK and 3% growth in the US, where sales totalled £125m.
Please sign in now if you have a subscription or are already registered with us.
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:
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.