ASOS posts revenue of more than $1 billion, but Boohoo growing faster - Business Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 36 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 51%

Россия Новости Новости

Россия Последние новости,Россия Последние новости

British fashion retailer ASOS reports $1 billion revenue, a 10% jump — but UK sales have dropped. Rival Boohoo might have grabbed some of its market share.

a 10% sales boom on Wednesday as it announced that its revenue surpassed £1 billion for the four months ending June 30 — but its UK sales fell.

Next-day delivery on ASOS products was unavailable in the UK or Europe for up to seven weeks during lockdown — this could partly explain its underperformance relative to Boohoo, Emily Salter, a retail analyst at GlobalData, said. The company said it remains cautious in its outlook for consumer demand, particularly for the impact of uncertainty on its "20-something customers."44.6% in the three months to May and UK sales surged. These figures suggest it grabbed some of ASOS' UK market share — but they were reported before allegations of low wages and unsafe working conditions at a suppliers' factoryASOS made up 2.3% of consumer clothing spending in 2019, compared to 1.

Мы обобщили эту новость, чтобы вы могли ее быстро прочитать.Если новость вам интересна, вы можете прочитать полный текст здесь Прочитайте больше:

 /  🏆 729. in RU
 

Спасибо за ваш комментарий. Ваш комментарий будет опубликован после проверки

Россия Последние новости, Россия Последние новости

Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей

Roku steals share from linear TV to drive ad revenue growth - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Источник: BusinessInsider - 🏆 729. / 51 Прочитайте больше »

Business Insider's best investing stories of the week ended July 14 - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Источник: BusinessInsider - 🏆 729. / 51 Прочитайте больше »

Business Insider webinar with one-click checkout startup Fast - Business InsiderJoin us today at 1:30 p.m! Business Insider payments reporter Shannen Balogh will speak with Domm Holland, Fast's co-founder and CEO, about how he came up with the idea for the company and Jan Hammer, general partner at Index Ventures. This is DOA
Источник: BusinessInsider - 🏆 729. / 51 Прочитайте больше »

Monzo: $1.6 billion bank startup launches Monzo Plus paid accounts - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Monzo?
Источник: BusinessInsider - 🏆 729. / 51 Прочитайте больше »

Here's how to know if your business is a small business - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Don’t take the government money! It will be a mistake.
Источник: BusinessInsider - 🏆 729. / 51 Прочитайте больше »

Airbnb resuming IPO plans as business slowly rebounds: report - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Early investors looking for some cash.
Источник: BusinessInsider - 🏆 729. / 51 Прочитайте больше »