×
1 725
Fashion Jobs
L'OREAL GROUP
l'Oreal Luxe Multibrand Retail Account Manager
Permanent · London
COTY
National Account Manager
Permanent · London
TK MAXX
Loss Prevention Officer-tk Maxx High Street Kensington-Full Time
Permanent · London
COTY
Trade Marketing Manager
Permanent · London
CLAUDIE PIERLOT UK
Stock Contoller - Permanent - Selfirdges London
Permanent · LONDON
COTY
Senior PR & Influencer Marketing Manager
Permanent · London
COTY
Brand Manager
Permanent · London
TK MAXX
Loss Prevention Officer - Wembley - Full Time
Permanent · London
VF INTERNATIONAL
Warehouse Area Manager
Permanent · COALVILLE
VF INTERNATIONAL
Warehouse Team Manager
Permanent · COALVILLE
VF INTERNATIONAL
Warehouse Team Leader
Permanent · COALVILLE
OUTSIDE THE BOX RECRUITMENT
Head of Atelier & Product Development – Couture – Canary Wharf
Permanent · LONDON
COTY
Account Manager - Fragrance
Permanent · Chester
DR. MARTENS
Finance Analyst - Hybrid Working
Permanent · LONDON
DR. MARTENS
UK/eu HR Operations Manager
Permanent · LONDON
DR. MARTENS
UK/eu Payroll Manager
Permanent · LONDON
AESOP
Replenishment Analyst
Permanent · London
ALL SAINTS
Buying Admin Assistant
Permanent · London
TK MAXX
tk Maxx - Loss Prevention Officer - Full Time - Kingston
Permanent · Kingston upon Thames
TK MAXX
Full Time / Permanent Loss Prevention Officer Boucher Road
Permanent · Belfast
TJX EUROPE
Merchandising And Buying Graduate Programme (2023)
Permanent · Grand Londres
AESOP
Retail Consultants | Aesop Canary Wharf, London (New Store Opening) | Part Time And Full Time
Permanent · London
Published
Sep 9, 2022
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

ASOS profit to be at lower end of expectations

Published
Sep 9, 2022

Fashion e-tail giant ASOS issued the briefest of trading updates on Friday and said that profit for the full year will come in within expectations, but at the bottom end of the range it previously predicted.


ASOS



The company has been buffeted by headwinds in recent periods and said that “after having seen good growth in June and July, sales in August were weaker than anticipated”. That’s a story that has also been heard from its rivals, while BDO’s August UK retail sales round-up on Friday said that the appetite for fashion waned somewhat last month as the combined impact of the heatwave and the cost-of-living crisis hit home.

For ASOS, it means full-year sales, adjusted pre-tax profit and net debt will all lag hoped-for levels even though they’ll be within the previously forecast range. It expects constant currency sales growth of around 2% (and at least sales won’t fall), with net debt of around £150 million.

The company said it was affected by the “impact of accelerating inflationary pressures on consumers and a slow start to Autumn/Winter shopping”. 

It’s to be hoped that AW22 seasonal shopping starts to pick up this month following the arrival of more autumnal and very wet weather, as well as this week’s announcement about the cap on energy prices. This means bills will be lower from October than had been originally planned.

ASOS wasn’t making any firm predictions on this front but said that it “remains cautious about the outlook for consumer spending, [yet] it continues to make strategic progress and manage the business for the current environment.

Its full-year results will be released on 12 October.

Copyright © 2023 FashionNetwork.com All rights reserved.