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.