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Fashion retailer Asos posts 23% sales rise in 'challenging' UK market



Online Fashion Retailer Asos has emerged as a Christmas retail winner as UK sales grew by nearly a quarter despite a "challenging market".
 
Shares in the UK-based group rose 3% after the update underlined the advantage of internet-only players over traditional rivals with large numbers of bricks-and-mortar stores - many of which had a tough festive season.
 
 
Asos said total group sales were up 30% to £790m for the four months to the end of December, while the UK saw a 23% increase to £301m.


Chief executive Nick Beighton said: "We achieved an exceptional performance in the UK, whilst momentum in international sales continued."







SKY                News.


This post first appeared on Quest Times, please read the originial post: here

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Fashion retailer Asos posts 23% sales rise in 'challenging' UK market

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