Asos losses deepen as online retail takes a hit
Online fashion retailer Asos has reported further losses, but said it remained confident in its performance as it worked on improving profitability amid a challenging trading backdrop.
In the six months to February 2023, Asos reported an adjusted loss before tax of £87.4m.
The retailer said it expected this number to be close to £180m and that it had made a positive profit impact of more than £100m as it took action as part of its Driving Change strategy.
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