Retail in Asia

In Trends

ASOS sales jump; CEO credits online model

UK online fashion retailer ASOS said the firm was benefiting from its internet-based model and its expansion into global markets after the company reported a nearly one-third jump in sales.

The retailer, which targets young women looking to emulate the designer looks of celebrities like Alexa Chung, Tulisa Contostavlos and Kate Moss, said on Wednesday its retail sales rose 31 percent to GBP141 million (USD229m) in the three months to 31 August.

The company said fourth-quarter international sales increased 42 percent to GBP91m and now represent 65 percent of the total.
 

(Source: CNBC)