Asos Plc, the U.K.’s largest online- only fashion retailer, reported lower first-quarter sales growth than analysts anticipated as trading conditions abroad “remained challenging.”
LONDON, United Kingdom — Asos Plc, the U.K.’s largest online-only fashion retailer, said second-quarter sales growth slowed on adverse currency movements by the Australian dollar and Russian ruble.
Fast fashion for fast consumers (FT) “Critics have consistently tried – and failed – to turn [ASOS’s] growth story into something resembling the tale of the emperor’s new clothes. Online fashion would never take off, they said… In 2007, non-UK sales made up 10 per cent of the company’s annual retail sales. Today, it is 44 per cent.” Materials Girls: Designers Trim Hemlines, Costs (WSJ) “Bad weather in major
The new fashion forward (Telegraph) “Such is the insanely accelerated speed of the fashion world that the clothes appearing in shops now already seem not to be the latest thing, their significance lost, having long ago been… sucked dry through overexposure.” Personal tailoring for everyone (Telegraph) “With 84 stores in Britain (it also has branches in the USA, China and the Gulf), the scheme has the