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.
One year after Alison Levitt QC’s report into the wake of the Leicester supplier scandal that engulfed Boohoo, Retail Week visits some of the factories involved to understand the impact of the revelations and the changes made as a result.
Next and Gap have announced a joint venture to manage the latter’s UK and Ireland operations.
Reiss has said it expects to “return to profit” in its current financial year after falling into the red during 2020.
Site powered by Webvision Cloud