ASOS reports 20% rise in retail sales
British online fashion and beauty store ASOS has recorded a 20 per cent rise in retail sales for the four months to 30 June after its active customer base rose 11 per cent year on year to hit 9.7m.
By market this saw sales up 27 per cent in the UK and 16 per cent internationally bringing the proportion of revenue generated by overseas trade down slightly from 61 per cent last year to 59 per cent this year.
A total of 98m visits were recorded across the suite of ASOS websites during June 2015, up from 71m in June 2014.
Nick Robertson, CEO, commented: “After accounting for our price investments during the period, the full year gross margin is nonetheless expected to remain in line with last year, assisted by tighter inventory control and strong full price sales. We anticipate that sales for the full year will be at the higher end of our guided 15-20% growth range. We have increased investment in our people and our customer proposition, particularly in relation to free returns trials. We therefore expect EBIT margin to remain at the guided level of c.4%.”
ASOS will provide a further update in tandem with their results for the year ending 31 August 2015 on the 20 October.