Asos, the renowned ultrafast fashion e-tailer from the UK, has seen its total sales growth for the year – ended 31 August – stand at 3.2 per cent.
The clothing e-tailer said that while the sales were good in June and July, the same were weaker than anticipated in August.
This, Asos said, was a refection of the effect of accelerating inflationary pressures on consumers and a slow start to autumn/winter shopping.
The 12-month period also saw the e-tailer’s adjusted pre-tax profit post £ 28 million, while the net debt stood at £ 77 million.
Meanwhile, Asos said that it remains cautious about the outlook for consumer spending and continues to make strategic progress – besides managing the business for the current environment.
Asos was founded in 2000 in London, which sells over 850 brands as well as its own range of clothing and accessories.
