, the British online fashion retailer, said its full-year earnings goal is at risk from accelerating inflation and disruption from Russia’s war in Ukraine.
Asos has suffered a change in fortunes over the past year as its winning position in online retail during Covid lockdowns was weakened by stores reopening. “What we are noticing is a degree of caution around consumer sentiment and the fact that that hasn’t fully been felt by consumers yet,” he said in a phone interview. “We’re probably in a situation where predicting the second half is as difficult as it’s ever been.”
The search for a new CEO is progressing, Dunn said, without giving guidance on the timing of an appointment. “There’s an awful lot of engagement, but the job is to secure the right person.”