Online retailer ASOS has reported another successful year with retail sales up 58 per cent to £324.1 million ($532.0 million) and profit up 41 per cent to £28.6 million ($47.0 million) in the year ended 31st March. In a statement, chief executive Nick Robertson said the etailer’s international expansion remains “firmly on track” with international sales up 142 per cent on last year. He also announced plans to launch three more country-specific websites during this financial year, rumoured to be for Australia, Spain and Italy.
According to published reports, Robertson also has his sights set on China, with expansion in the Far East now a question of “when not if”. ASOS’ international business currently accounts for more than 50 per cent of total retail sales.
Share