×
1 222
Fashion Jobs
ALEXANDER MCQUEEN
Collection Coordinator Assistant
Permanent · LONDON
ESTÉE LAUDER
Clinique - Consultant - Boots, Oxford - 24 Hours - Part Time, Permanent
Permanent · Oxford
ESTÉE LAUDER
Clinique - Consultant - Boots, Sedley Place London - 37.5 Hours - Full Time, Permanent
Permanent · London
PAUL SMITH
Office Administrator
Permanent · NOTTINGHAM
FRASERS GROUP
Trainee Commercial Manager
Permanent · SHIREBROOK
FOREO
Key Account Manager
Permanent · London
ESTÉE LAUDER
Clinique - Consultant - John Lewis Edinburgh - 26 Hours - Part Time, Permanent
Permanent · Edinburgh
BEARA BEARA
Marketing Executive (Taiwanese)
Permanent · LONDON
BRANDLAB 360 - HULA
Hula by Barbara Hulanicki – Wholesale Sales Manager
Permanent · LONDON
HOMEGOODS
Loss Prevention Detective
Permanent · Countryside
TK MAXX
10933-Loss Prevention Officer Sth Ruislip
Permanent · Ruislip
TK MAXX
10933-Loss Prevention Officer Haringey
Permanent · London
ESTÉE LAUDER
Aveda Haircare Category & Marketing Planning Manager
Permanent · London
ESTÉE LAUDER
Mac - Area Sales And Education Manager - London - Maternity Cover
Permanent · London
RALPH LAUREN
Operations Manager - Gretna
Permanent · Gretna
LUXURY RECRUIT
Head of Digital - Luxury
Permanent · LONDON
LUXURY RECRUIT
Brand Director - Luxury
Permanent · LONDON
LEVI'S
Mobile App Trading & Operations Manager
Permanent · London
BLACK PR
Sales Account Manager
Permanent · LONDON BOROUGH OF HACKNEY
ESTÉE LAUDER
Clinique - Consultant - Boots, Inverness - 18 Hours - Part Time, Permanent
Permanent · Inverness
RELY RECRUITMENT
Head of Finance / Finance Manager
Permanent · LONDON
LEVI'S
Performance Marketing Manager
Permanent · London
By
Reuters
Published
Oct 25, 2012
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

ASOS year profit soars

By
Reuters
Published
Oct 25, 2012

LONDON - British online fashion retailer ASOS ASOL.L posted an expected 40 percent rise in year profit, as strong trading in overseas markets, such as the United States and Australia, more than offset slower growth in its home market.


photo: ASOS

The retailer, which targets young women looking to emulate the designer looks of celebrities like Tulisa Contostavlos, Nicole Scherzinger and Kate Moss, said on Thursday it made a pro forma underlying pretax profit of 44.5 million pounds in the year to August 31

That was in line with analysts' consensus forecast of 44 million pounds and up from 31.7 million pounds in the same period last year.

ASOS has changed its year end from March to August.

Retail sales rose 38 percent to 538 million pounds, with UK sales up 10 percent to 205 million pounds and international sales up 64 percent to 333 million pounds.

Many British retailers have been finding the going tough as disposable incomes are squeezed by government austerity measures and with wages growth not keeping up with rises in prices.

ASOS, with its broad international reach, has bucked the gloom.

"We remain positive in our outlook for 2012/13," said Chief Executive Nick Robertson.

Shares in the firm have risen 73 percent over the last three months hitting a record high of 2,571 pence last week.

The stock closed at 2,510 pence on Wednesday, valuing the business at 2.05 billion pounds.

Earlier this month ASOS said Kate Bostock, a former top executive at Marks & Spencer (MKS.L), would join the firm as executive director, product and trading, in January to help steer its rapid growth.

Reporting by James Davey

© Thomson Reuters 2022 All rights reserved.