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Page 14 - Jose Antonio Ramos Calamonte News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Asos crashes to its first loss in 20 years as shoppers cut spending

The fast fashion retailer lost £32m in the 12 months to August 31, having made a profit of £177m a year earlier. And sales grew at the slowest rate since it was set up in London 22 years ago.

City ofUnited kingdomJose antonio ramos calamonteMiss selfridgeRuss mould

Asos hit as shoppers spend less on fashion

The online fashion retailer says customers are spending less as the cost of living rises.

United kingdomJose antonio ramos calamonteRichard hunterSamantha mansfieldInteractive investor

Asos New CEO Unveils Restructuring Plan to Weather Inflation

Asos New CEO Unveils Restructuring Plan to Weather Inflation
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Asos warns of tough clothing market as shoppers cut back amid cost crisis

The group reported pre-tax losses of £31.9m for the year to August 31 against profits of £177.1m the previous year.

United kingdomHolly williamsJose antonio ramos calamonteAssociation asosPress associationJose antonio ramos calamonte

Asos launches survival plan as it swings to £32m loss

Fashion retailer to rein in spending as it fears younger shoppers will cut back on clothes

United kingdomJose antonio ramos calamonteNick beightonRetail economicsRetail and consumer industry

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