ASOS, slow growth?

Reports has shown ‘Asos, the online fashion retailer has achieved slow growth’, is this a bad sign for the successful leading online retailer in the year ahead and what actions have been taken to tackle this?

Nick Robertson, Chief executive of the online site states, the company’s slow growth has still outperformed leading retailers with international sales more than doubling in the 42 weeks to January 17 and UK sales up 25 per cent.

It experienced substantial growth in the run-up to the recent festive period, with sales increasing 30% year on year over the Christmas period. Sales year on year for the 42 weeks to 17 January have risen 38%, with UK sales up 25% and international sales up 102% year on year.