ASOS announce 47 per cent rise in retail sales

It seems ASOS has done it again as it announced a 47 per cent rise in retail sales for its fourth quarter on Thursday.

The fast-fashion, online-only retailer said retail sales rose to £207.9 million in the three months to 31 August, compared with a third quarter rise of 45 per cent. The result means its total retail sales are up 40 per cent for the year, to £753.8 million.

In the UK, where ASOS is one of the largest online-only fashion and beauty stores, the company revealed sales were up 49 per cent to £74.1 million, whilst international sales rose 47 per cent to £133.8 million for the period, thanks to growth with in-country teams including the US, France and Germany.

Located in Camden, London, ASOS currently offers over 50,000 branded and own label product lines across womenswear, menswear, footwear, accessories, jewellery and beauty, with free shipping to over 190 countries from its central distribution centre in the UK. So it’s no surprise ASOS made 63 per cent of its retail sales overseas this year as it continues to focus on building its operations on a global scale, with plans to launch a Chinese-language website in October.

Never one to rest on its laurels, ASOS is said to now be targeting £1 billion of annual sales by 2015.

Share this:
Tags:

About Jessica Priston

Ut tellus dolor, dapibus eget, elementum vel, cursus eleifend, elit. Aenean auctor wisi et urna. Aliquam erat volutpat. Duis ac turpis. Integer rutrum ante eu lacus. Vestibulum libero nisl, porta vel, scelerisque eget, malesuada at, neque. Vivamus eget nibh. Etiam cursus leo vel metus. Nulla facilisi. Aenean nec eros.

  • Website
  • Google+
  • Rss
  • Pinterest
  • Instagram
  • LinkedIn
  • Vimeo
  • Youtube
  • Flickr
  • Email

Related News

  • Karl Lagerfeld is plans to launch his first flagship store in UK

    Karl Lagerfeld is planning to launch his first flagship store in UK on one of the major shopping streets in West End of London, 145-147 Regent Street. Expected to open its doors on March 14, the brand new store will be the luxury fashion designer&

  • Smiggle to opens a new store in Brighton

    Australian stationary retailer Smiggle has opened a new store at Churchill Square shopping centre in Brighton as it continues its expansion across the UK. The store, which sells colourful stationary for 6-13 year-olds, will mark the firms first op

  • H and M open first standalone UK store

    The H&M-owned Cheap Monday which prides its self as selling “high level design at a low price” is to open its first standalone UK store today on London’s trendy Carnaby Street. The clothes retailer- which currently has conc

  • H&M opens new Texas flagship Store
    H&M opens new Texas flagship Store
    July 01, 2014 5:50 am

    The newest H&M store in the state covers 24,000 square feet and stands in Austin at The Domain – a high-end retail complex. The store will stock menswear, womenswear and childrenswear with separate areas for accessories, maternity wear