ASOS has announced a growth plan. There, retailers are aiming for sales equivalent to 7 billion pounds in the next three to four years.
This movement aims to achieve a composite annual growth rate of 15 to 20 %, and to double its size in the UK and the United States. ASOS also stated that it would start to reduce costs equivalent to 100 million pounds from 50 million pounds.
-An-ad
Following the presentation, the group’s shares remained flat.
Laura Hoy, an equity analyst at Hargreaves Lansdown, commented on this news and tried to show that “Asos The Fast Fashion Darling loses the place in Limelight and has been flattened to the leading role. Is shown. “
“I tried to restore the trust of investors with £ 7 billion in the next three to four years. To reach there, the group doubled the business of the United States and the UK, and expanded its own brands. However, it focuses on the increase in partners who have a long -term key.
“The market was obviously indifferent to ASOS’s magnificent plan. The growth goals are ambitious, but it’s difficult to get excited about the recent online retailers. Return to normal means that there is less return rate and online shopping.
