Asos Sales Fall Again Amid Turnaround of Fashion Retailer
- Online retailer’s sales fall amid heavy discounting of stock
- Asos keeps full-year outlook and says its strategy is on track
Boxes inside an Asos Plc distribution warehouse.
Photographer: Chris Ratcliffe/Bloomberg
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Asos Plc suffered a double-digit decline in sales in the first half as the fashion retailer was forced to heavily discount clothes to clear a buildup of last season’s unsold stock.
The troubled online clothing retailer said Tuesday that sales fell 18% in the six months to March 3, which was broadly in line with guidance.