The abrupt departure of the fast fashion e-tailer’s CEO alongside a warning profits could fall sharply this year have raised the stakes for the company’s strategy update next month.
The British online retailer reported an 87 percent drop in first-half pretax profit on Wednesday, in part due to logistical challenges in the US market.
The e-tailer will cut prices and raise marketing spending in France and Germany, and look to improve its US business after unexpectedly high demand there caused significant dispatch backlog.
As the next big e-commerce battle begins, Asos chief executive Nick Beighton finds himself in a race to build the best ‘conversational interfaces’ and turbo-charge customer experience with AI.
Asos Plc, Britain’s largest online-only fashion retailer, plans to double its UK manufacturing as the pound’s post-Brexit plunge makes domestic production more affordable.
Asos Plc shares tumbled the most in almost four months as the sales growth forecast from the UK’s largest online-only fashion retailer disappointed investors.
BoF compiles the most important professional moves of the week.
STOCKHOLM, Sweden — Asos Plc reported its first annual profit decline in three years as the U.K.'s biggest online-only fashion retailer spent more on