• Foreign Affairs
  • Money Matters
  • Domestic Affairs
  • IT, Innovation and Startups
 

Talk Finance

£$$€№₮IAL €¢¤₦¤MI¢ №€₩$
  • Foreign Affairs
  • Money Matters
  • Domestic Affairs
  • IT, Innovation and Startups

Talk Finance

  • Foreign Affairs
  • Money Matters
  • Domestic Affairs
  • IT, Innovation and Startups

In Money Matters

Asos clothing store stumbles over its own rapid growth

20th March 2019

Asos clothing store stumbles over its own rapid growth Pin It

Asos, one of the fastest growing online clothing stores, suffered a loss of sales in the United States in the last quarter. The British company was unable to cope with demand in Georgia due to start-up problems at a new distribution center in that state. This caused Asos to fall behind when sending orders.

Sales in the United States fell by 3 percent to £ 77 million (around € 90 million). In the previous quarters, the US was still one of the fastest growing markets. Turnover in Europe and the rest of the world grew steadily. In total, Asos posted £ 244 million in revenue.

Asos maintains its goal of 15 percent revenue growth in the broken fiscal year that runs until the end of August. The company expects sales in the US to recover. Asos wants to invest more in marketing activities in France and Germany in order to boost sales there.

Share

No Comments

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Previous Post

Sainsbury is cutting prices…

In Money Matters

Sainsbury is cutting prices for the Asda deal

View Post

Next Post

May opts for long delay…

In Domestic Affairs

May opts for long delay in Brexit

View Post

In Domestic Affairs

Brexit causes a massive HR re-distribution among financial specialists

View Post

In IT, Innovation and Startups

Europeans are concerned about personal data use in GB

View Post

In Foreign Affairs

EU and UK remain committed to resolve the trade issues

View Post

In IT, Innovation and Startups

Jack Ma considers divestment from ANT Group

View Post

Newsletter

Latest News

Boris Johnson

View

Dyson tax case may vacuum out several MPs and PM

22nd April 2021

View

Sleepy Joe turns out to be Speedy Joe, according to Richard Koo

21st April 2021

View

Inflation target still not met

21st April 2021

View

Amazon may become 6th largest supermarket chain

20th April 2021

Allow us to introduce ourselves

Talk-Finance.co.uk, the analytic media. We are focused on the fresh business, M&A and financial data. We pay attention to the interesting new projects and startups while not letting the whole picture to let unnoticed.

  • Investing.com
  • Runch.co.uk

Sign Up for Our Newsletter

Our friendly crew

  • Matthew Patridge, the chief Editor
  • Chris Kimble, the managing Editor
  • Matthew Weller, webmaster&technical stuff
  • Charles Sizemore, author
  • David Stevenson, author
  • Helen Rush, author

Contact us by [email protected]

© 2019 Talk Finance - All Rights Reserved. [email protected]