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Asos today revealed its profits have rocketed by 253% and sales approached £2billion for the first time as people shopped online during lockdown in increasing numbers, especially in the UK, with the biggest growth in casual and sports clothing.
The fashion giant s revenues jumped 24% in the six months to the end of February to £1.98billion compared with the same period a year ago, while pre-tax profits soared to £106.4 million.
Sales in the UK, during the period that saw a second lockdown in England in November, the introduction of tiering and the subsequent current lockdowns in place throughout 2021, were particularly strong - up 39%, compared with growth of 18% in the EU and 16% in the US.