By Nathan May2014-06-05T17:35:00+01:00
Asos’s margins were hit by foreign exchange movements and promotions, despite a sales rise in the third quarter.
The amount of profit warnings from the retail industry nearly doubled last year, with the grocery sector leading the charge, research has found.
Asos boss Nick Robertson insists the etailer’s profit warning is just a “bump in the road”, but have the wheels come off UK etail’s biggest success story?
Asos issued a profit warning in its third quarter update this morning. Retail Week takes a look at what the analysts are saying.
Marks Spencer is donating pyjamas to be used as scrubs by the NHS as part of several initiatives to support the health serviced during the coronavirus outbreak.
Asos has launched an equity share raise and extended its revolving credit facility to deal with the impact coronavirus on its business.
With almost 4,000 of its 5,065 stores closed worldwide, H M has been hit hard by the coronavirus outbreak affecting sales in its 54 markets.
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