ASOS PLC

ASOS Plc engages in in the operation of a multi-platform offering fashion products for 20-somethings. The firm offers clothes and other fashion items available in retail. It operates through the following geographical segments: United Kingdom, United States, and European Union. The company was founded by Nicholas Jon Robertson and Quentin John Griffiths on June 2, 2000 and is headquartered in London, the United Kingdom.

ASOS PLC (LSE:ASC) said it will co-operate with the Competition and Markets Authority's (CMA) investigation after the regulatory body said it will look into ‘green' claims made by the fashion retailer. Boohoo Group PLC (AIM:BOO) and Asda's George are also being investigated over concerns their green claims are misleading to customers.

ASOS says it will co-operate as regulatory body opens investigation

Britain's competition watchdog said on Friday it was investigating fashion brands ASOS, Boohoo Group and George at Asda over eco-friendly and sustainability claims by the companies.

UK probes fashion groups ASOS, Boohoo, Asda over 'green' claims

ASOS has been a wild ride for long-term investors, with several peak-to-trough declines of over 50% in the last 10 years. Shares have fallen more than 80% from their recent peak in late 2021 to around £10 per share, a level not seen since 2010.

ASOS: On Sale But Not Out Of Fashion

Asos PLC has decided to delay some of its autumn orders on concerns its customers will cut back on new clothes due to the cost-of-living crisis. Some stock orders were completely cancelled over the last few weeks, all on short notice, according to a spokesperson for suppliers who spoke to The Mail on Sunday, The online fashion retailer issued a profit warning in June citing inflation and a high number of shoppers returning items, with chief operating and financial officer Matt Dunn saying consumer sentiment had changed.

ASOS claws back on supplies over concerns about future orders

ASOS has built and maintains an exceptionally strong position in the fast fashion market. The company's share price has experienced a long bleed-out since the start of 2021. This fall has accelerated following the latest trading update.

ASOS: Moving To A Bullish Stance After Share Price Slide Accelerates

Kellogg

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With US stocks officially entering the bear market recently and with concerns that the next recession is upon us, companies are walking another tightrope.  Consumer goods companies including big multinational brands have employed various measures to protect their profit.

Revlon, Kellogg's, Tesla, ASOS: Why are these 4 stocks trending?

ASOS has a strong brand and global footprint, and its geographic expansion offers an excellent opportunity for growth. The appointment of the new CEO has removed a great deal of uncertainty, even if the market seems to focus only on the negative aspects while ignoring the good ones.

ASOS: The Market Is Pricing The End Of The World

The ASOS PLC profit warning may not be as bad as it gets for the online fashion retailer, leading Barclays to slash its target price for the shares but hold on to its neutral rating as it sees “green shoots” in the US market. Newly promoted to the FTSE 250, the company said inflation had a bit impact on its profitability in the past quarter due to the impact of customer returns, and warned it was “too early to tell” how long such patterns of consumer behaviour will continue.

ASOS target price slashed by Barclays but 'green shoots' seen

ASOS is the latest retailer to highlight the real pain point of high returns rates whilst warning of a hit to profits. The fast-fashion favourite said that despite sales growth in the 3 months to the end of May, profit had been affected by what it understands to be "inflationary pressures"

Returning To The Same Issue: ASOS Downgrade Profit Forecasts

ASOS PLC (LSE:ASC)'s decision to cut its annual sales and profit guidance, on the back of rising consumer returns and associated supply chain costs, may be evidence that the e-commerce bubble since the start of the Covid-19 pandemic is fading, analysts say.  “It looks like e-commerce was in a bubble driven by a massive shift in spending from services to goods,” Saxo Bank's head of equity strategy Peter Garnry said in a statement today, noting that e-commerce stocks have fallen 66% over the past year and have lost ground gained during the first phase of the pandemic.

Asos woes due to the end of e-commerce bubble?

Boohoo (LON: BOO) share price crashed hard on Thursday after a major warning from Asos. The stock has dropped in the past six consecutive days and is now trading at the lowest level since July 2016.

Here's why Asos and Boohoo share prices crashed

ASOS PLC (LSE:ASC) has cut its full-year profit guidance to reflect the impact of inflation on consumer behaviour, it said in a trading statement today.  The company also said it has appointed José Antonio Ramos Calamonte, who joined the company last year to lead commerce, as its new chief executive after Nick Beighton stepped down last year.

Asos warns on profits due to inflation, appoints new CEO

ASOS PLC said Thursday that it has adjusted its outlook for fiscal 2023 as inflation hits consumers, and that it has appointed Jose Antonio Ramos as its new chief executive officer and Jorgen Lindemann as chairman.

ASOS warns of inflation hit; appoints new CEO, chairman

Some of the City's most shorted stocks are on the bones of their backsides but, for some of them, City analysts see the risk is now moving to the upside. It leaves everyone wondering whether the prices can go much lower, when short sellers will start buying back to close out trades, or, more pertinently whether anybody may find themselves over-extended and exposed if stock market sentiments recover more quickly than they're counting on.

City's most shorted: How much lower can Cineworld, ASOS, BooHoo and Royal Mail go?

The 90's revival now seems complete as Tammy Girl returns to the fashion picture thanks to ASOS.

Return To The 90's Complete: ASOS Brings Tammy Girl Back Into Fashion

ASOS Plc (ASOMF) Management on Half Year 2022 Results - Earnings Call Transcript

ASOS PLC (AIM:ASC) posted a loss in the first half and said the full effects of the cost-of-living crisis have yet to hit. However, the online fashion retailer said its guidance for the year remains unchanged and expects sales growth to accelerate in the second half as supply chain constraints ease.

ASOS says cost-of-living crisis 'yet to be felt' but expects sales growth in second half

LONDON (Reuters) -British online fashion retailer ASOS reported an 87% fall in first half profit, reflecting supply chain constraints impacting stock availability and cost inflation, though it did maintain its guidance for the full year.

ASOS first half profit falls 87% on supply chain constraints

Flight cancellations in the run-up to Easter are not what an airline needs ahead of its half-year numbers.   But that has been the story for easyJet PLC over the past two weeks.

Will results change the picture for easyJet, Deliveroo, JD Sports and Asos on Tuesday?

Tesco PLC

In the coming week investors will no doubt be looking forward to the long Easter weekend but will have plenty to keep them busy, including some big company results and key wage and inflation data that may determine the Bank of England's next policy moves.  Retail will be a theme in UK company news, with results from Tesco, JD Sports, ASOS and THG, while elsewhere updates from Deliveroo and easyJet.

Will inflation rise again in pre-Easter week? Tesco, JD Sport, ASOS and Deliveroo in focus too

ASOS is primed finally to launch a full expansion into the U.S. with its Nordstrom equity partnership.

ASOS: Improving Fundamentals Plus Significant Drop In Share Price Make It Attractive

ASOS PLC (AIM:ASC) has become the latest high-profile company to pull out of Russia. The online fashion flogger had already suspended sales in Ukraine following that country's invasion by Russian forces and now it has halted operations in Russia.

ASOS cuts off Russian customers

Asos proved to be resilient through recent supply chain disruptions. Shares are attractively priced considering international growth prospects.

ASOS: Hope Through Headwinds

Shein will reportedly revive plans to list in New York this year as its founder contemplates changing citizenship to overcome barriers for offshore initial public offerings (IPOs) in China. The IPO would be the first significant equity deal by a Chinese company in the US since regulators clamped down on overseas listings last July.

Boohoo and Asos rival Shein plans to go public as its founder considers citizenship change

The decision by ASOS PLC (AIM:ASC) to leave AIM will leave London's junior market with just seven companies valued at more than £2bn. The seven non-dwarfs (market capitalisation in brackets) are Hutchmed (China) Ltd (£4.2bn); Abcam (AIM:ABC) PLC (£3.3bn); Fevertree Drinks (AIM:FEVR) PLC (£3.1bn); Jet2 PLC (AIM:JET2) (£2.7bn); RWS Holdings (AIM:RWS) PLC (£2.3bn); ITM Power PLC (AIM:ITM) (£2.2bn); Keywords Studios PLC (AIM:KWS, OTC:KYYWF) (£2.0bn).

News for ASOS PLC Stock (ASOMY)