Asos sales up 23% to £1.3 billion
Source: Mintel 13-01-2021

UK 13-01-2021

news main image

Asos has announced that it believes profits for the year will reach the top-end of its expectations after a strong Christmas performance, with the UK, in particular, performing well. Asos reported group sales up 23% to £1.33 billion in the four months to 31 December as UK retail sales jumped 36% to £554.1 million in the same period.

Nick Beighton, Asos chief executive, said that the performance was a “testament to both the strength of our multi-brand model and the hard work of our people”. The online-only fashion retailer said that its performance was the result of strong investment in marketing, product, pricing, as well as “stronger than anticipated consumer demand for our products”.