ASOS Plc (ASOMY.PK, ASOMF.PK, ASC.L), a British online fashion retailer, on Tuesday reported around 18 percent decline in sales for the 26-week period to March 3.
The company noted that it has recorded a good progress in implementing the Back to Fashion strategy, including action to clear aged stock and transition to the new operating model by fiscal 2025.
For the full year, the company has reaffirmed its guidance, still expects a 5 percent to 15 percent decline in sales with a positive adjusted EBITDA.
For comments and feedback: editorial@rttnews.com