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19 September 2012 10:08
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Online fashion store ASOS has seen sales surge once more, despite poor performances from its rivals over a tough summer for retail.
Retail sales were up 31% in the fourth quarter ended August 31st, with UK sales up 15% and international, which now represents 65% of total sales, storming ahead with a 42% rise.
Nick Robertson, CEO, commented: "I am pleased to report that trading for the three months to August 31st 2012 has been strong, with total retail sales up 31% to £141m. Retail sales for the year to August 31st 2012 increased 38% to £538m.
"Our UK performance was encouraging at +15%, and our International business grew by +42%. International equated to 65% of our sales over the period up from 60% last year. Our sales performance in those markets where we have a website continue to outperform. Despite investing in our pricing, I'm pleased to say that our retail gross margin improved by 70bps over the period.
"Profit for the five months ended August 31st 2012 and pro forma full year, are expected to be in line with expectations, and we approach our new financial year with continued confidence."
