Archived article

Please note that tax, investment, pension and ISA rules can change and the information and any views contained in this article may now be inaccurate.

Company cuts prices to attract overseas shoppers
Thursday 06 Apr 2017 Author: Tom Sieber

 

Online fashion retailer ASOS (ASC:AIM) is coming under pressure after first half results (4 Apr) revealed a fall in profit margins.

Although guidance for sales growth for the year to the end of August was increased to 30% to 35%, profit guidance was left unchanged as it charged lower prices for non-UK customers.

Discounting, alongside weakness in sterling, helped international sales grow 42% year-on-year in the first half. (TS)

‹ Previous2017-04-06Next ›