The world’s largest fashion online retailer continues to dominate the market with another positive sales report.
Asos has reported a 37 per cent increase year on year in the second quarter of 2013. This is made up by +28 per cent of UK sales and +45 per cent of international sales. Meanwhile, on the sole focus international sales it increased by 59 per cent this period from 57 per cent last year.
As a result, the company was able to report a solid 34 per cent increase in retail sales for the first half of the year.
“I am delighted with our robust first half performance and pleased to report strong trading for the three months to 28 February 2013 with total retail sales of £186m, up 37 per cent, resulting in first half retail sales growth of +34% to £352m,” Nick Robertson, CEO, said.
“Our UK performance remained ahead of expectations at +28 per cent, with particularly strong trading during the peak December period. Our International business grew by +45 per cent and now accounts for 59 per cent of our total retail sales. Our EU growth continues to be driven by strong performance in those countries where we have dedicated websites and particularly by our new in-country teams in France and Germany.
“The strength of our UK performance continues to put pressure on our achieved retail gross margin. We expect this to improve during the remainder of the financial year as we annualise last year’s price investments and achieve planned sourcing gains.
“We remain positive in our outlook for the year to 31 August 2013 and continue to trade in line with expectations.”