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MAJOR UK FASHION BRAND BURBERRY AND RETAILER ASOS REPORTS THEIR QUARTERLY SALES
Highlights –
- Major UK fashion brand Burberry and retailer ASOS reports their quarterly sales.
- Burberry reported their first-quarter sales diving to 45%.
- ASOS reported UK sales fell 1%, while international sales were up 17%.
Why it won’t be possible for legacy retail to survive this Decade
It is that time of the year when almost every retail would declare the trading figures of Christmas. Since we are all aware that reporting periods are misrepresented and the retailers never really disclose the returns, as well as, margin.
Even though we might be having to reach for a re...
Profits of Asos plunge by 87% after rough year
The pre-tax profits of Asos fell 87% to 4 million pounds for the 6 months to February 28th against the very same period in the year 2018. The firm declared that it was able to stabilize the sales, which increased by 14% to 1.3 million pounds for the period. The Chief executive of Asos, Nick Beigh...