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.

Ahead of ASOS PLC (LSE:ASC) interim results next week, analysts downgraded forecasts due to expectations of persistent pressure on sales.  Analyst Katie Cousins at Shore Capital cut her previous full-year forecast for a 2024 sales decline of 9.4%, which implied a broadly flat second half, after an 18% decline in the first.

Asos still a 'sell' as Shein and second-hand platforms threaten - broker

Fashion retailers ASOS PLC and Boohoo Group PLC will change the way environmental credentials are displayed, described and promoted on their clothing, Britain's competition watchdog has announced. Following a probe into the pair, alongside Asda's George brand, the Competition and Markets Authority had raised concerns over greenwashing.

ASOS, Boohoo agree to change green claims

Shore Capital Markets expressed caution on ASOS PLC (LSE:ASC) shares following the online retailer's half-year earnings and guidance. With sales down 18%, ASOS kept its full-year revenue guidance unchanged at a 5-15% decline, but Shore Cap said “there could be a risk of this now being closer to the lower end” unless the group sees a notable reverse in trading performance in the second half.

ASOS ‘will need to work hard' to stay competitive - analyst

ASOS PLC (LSE:ASC) did little to buck the online fashion trend with a trading update on Tuesday. Sales in the six months to 3 March were down 18% for the online retailer, though this was hardly unexpected, given a resurgence in high-street shopping and ongoing cost of living pressures.

ASOS follows the trend with sales slumping 18%

Online fashion retailer ASOS posted an 18% drop in sales in its first-half period, and said for the full-year it continued to expect sales to decline by 5-15%.

UK's ASOS posts 18% drop in first-half sales

ASOS PLC (LSE:ASC) and Boohoo Group PLC (AIM:BOO) are both facing downside on the back of ever-increasing competition in the UK's online fashion sector, analysts have said. Coupled with a resurgence in high street shopping and ongoing cost of living pressures, each face tough outlooks, Shore Capital analysts said in a note on Friday.

ASOS, Boohoo facing downside as online-only retail under pressure - analysts

ASOS's recent collapse is a reflection of near-term headwinds and fundamental issues that were not rectified as management's focus was purely on growth. We believe ASOS is facing considerable threats from “faster fashion” brands, as well as due to the lack of differentiation. Focus from margin improvement must quickly switch to improving this. ASOS is not completely over its issues, yet. Inventory levels must be brought down, although it has at least reached margin neutrality following several periods of loss-making.

ASOS: An Autopsy, Lessons Learned, And The Expectations Going Forward

Boohoo (LON: BOO) and Asos (LON: ASC) share prices have been some of the worst performers in London in the past three years. The two stocks have plunged by more than 90% from their 2021 highs as concerns about their business models rise.

Are Shein and Temu real threats to UK's Asos and Boohoo?

ASOS PLC (LSE:ASC) and Boohoo Group PLC (AIM:BOO), the online fashion retailers, will not be updating shareholders on their performance over the festive period, furthering the concerns surrounding two of London's most shorted stocks. Investors would have been expecting a post-Christmas trading update from both companies around this period of January, but Shore Capital has revealed neither is planning to.

Asos and Boohoo fail to update investors on festive trading

Industria de Diseno Textil SA

British fast fashion companies will be in the spotlight after the relatively weak financial results by H&M and Inditex, the parent company of Zara and Pull&Bear. Boohoo (LON: BOO) share price jumped by over 8% on Thursday after the company completed a coup at Revolution Beauty.

Boohoo, Asos shares in focus as H&M, Inditex earnings disappoint

ASOS PLC (LSE:ASC) has made progress on its 'Driving Change' agenda, but its balance sheet “still gives concern” due to its stock surplus, according to analysts at Stifel.  Analysts at the brokerage and investment banking firm said on Thursday that the retailer's elevated stock levels are “impacting both sales and gross margin”.

ASOS stock surplus “suffocates sales”, says Stifel

ASOS PLC (LSE:ASC) management won't have to meet any diversity targets to achieve their bonus this year and are instead focused on attaining profitability. For the 2024 financial year, 75% of the retailer's annual executive bonus scheme will be dependent on adjusted EBITDA targets while the other 15% will be based on meeting stock, margin, and cost targets.

Asos removes diversity targets for management's annual bonus

Mike Ashley's Fraser's Group PLC has performed the corporate equivalent of musical chairs with its shareholding in ASOS PLC (LSE:ASC), the embattled online clothes retailer. While it has increased its equity interest in the group from 12.7% to 16.4%, its overall control has dropped to 18.3% from 19.5%.

Mike Ashley's Frasers Group juggles its ASOS holding

Deutsche Bank

Asos (LON: ASC) and Marks & Spencer (LON: MKS) share prices drifted upwards on Tuesday after an upgrade by Deutsche Bank analysts. Asos shares rose slightly to 397p, higher than the year-to-date low of 323p.

Buy Asos, Marks & Spencer shares, Deutsche Bank says

ASOS Plc (ASOMF) Q4 2023 Earnings Call Transcript

Online fashion retailer Asos is focused on returns as it continues its cost-cutting measures. “While we continue to believe that free returns are a core part of our customer proposition, there are good returns and bad returns,” CEO José Antonio Ramos Calamonte wrote in the company's year-end earnings report Wednesday (Nov. 1).

Asos Looks to Separate ‘Good Returns' From ‘Bad Returns'

ASOS PLC (LSE:ASC) is facing a huge uphill climb regarding its turnaround strategy. Yet if it does reach the summit, a whole host of short sellers, environmental activists and almost every retail entrepreneur in the UK– bar Mike Ashley – will likely appear very surprised.

Asos: Is this the beginning of the end?

ASOS PLC (LSE:ASC) shares headed lower again after the online fashion retailer confirmed much larger losses for the past year and painted a mixed picture of progress with its "driving change" initiatives expected to result in slow sales continuing in the current year. A loss before tax of £296.7 million was posted for the year to 3 September compared to a £31.9 million loss the prior year, while net debt swelled 166% to £319.5 million.

Asos posts £297 million loss, plans massive discounting but slow sales expected

Asos PLC rose 3.1% after reports that it is exploring a sale of the Topshop brand it bought from Sir Philip Green's collapsed retail empire less than three years ago. Sky News said the online retailer, which will publish its delayed full-year results this week, is at the early stages of a process that could see it offload what was once one of the best-known names on the high street.

Asos reported sale of Top Shop raises concerns about viability

Comprehensive data sets presented in two poster presentations at the 19th Annual Meeting of the Oligonucleotide Therapeutics Society (OTS) Secarna investigated the immunostimulatory potential of LNA-modified antisense oligonucleotides (ASOs), a potential factor of undesired side effects of treatment, and factors that lead to the different knockdown profiles of ASOs MUNICH and MARTINSRIED, GERMANY / ACCESSWIRE / October 25, 2023 / Secarna Pharmaceuticals GmbH & Co. KG ("Secarna"), a biopharmaceutical company focusing on the discovery and development of next-generation antisense oligonucleotide (ASO) therapies to address challenging or previously undruggable targets via its LNAplus platform, has presented data showing the potential as well as the versatility of Secarna's LNA-modified ASOs. The data support the ongoing optimization of Secarna's proprietary Oligofyer™ bioinformatics system, an in-silico program shown to result in a high yield of potent and safe molecules.

Secarna Pharmaceuticals Presents Data at OTS Showcasing Unique Characteristics and Factors with a Role in the Activity and Side Effect Profile of LNA-Modified ASOs

Boohoo Group PLC (AIM:BOO) and ASOS PLC (LSE:ASC) were the two most shorted companies in the UK on Monday, according to new analysis from global exchange-traded products issuer GraniteShares.   “Retailers look vulnerable in the UK, as the country faces a rough economic outlook arising on the back of the worst cost of living crisis in a generation,” said Will Rhind, founder and chief executive officer of GraniteShares.

Retailers "vulnerable" as Boohoo, Asos stocks most-shorted, says GraniteShares

Asos PLC is delaying publication of its annual results by one week although it stressed financial guidance remained unchanged. The online fashion retailer will now announce its financial 2023 results on November 1 to allow its auditor, PwC, to complete its planned testing.

Asos delays results to complete audit; guidance unchanged

Asos (LON: ASC) share price has moved sideways in the past few months as investors assess the company's performance. The stock was trading at 400p on Monday, where it has been stuck at since July.

Asos share price analysis and earnings preview: is it a bargain?

ASOS PLC (LSE:ASC), the online fashion retailer, has suffered a lot since the pandemic and 2023 has been much of the same, but if the group wants to improve investor sentiment, something bright must be found in its full-year results due Wednesday 25 October. Shares are down 25% in 2023 and have fallen more than 93% since its pre-pandemic highs and the fact it's the second most shorted stock in London, behind only peer Boohoo, is only adding fuel to the anti-e-commerce fire.

Asos investors await something to cheer in its full-year results

ASOS is focused on reducing its inventory levels to pre-COVID levels by FY24, with progress already made through its Driving Change agenda. The company reported a decline in Q4 trading, but we expect sales growth and improved gross margins in H2'24. ASOS trades at a favorable valuation compared to its peers, but risks include elevated inventory levels and competitive pressures.

News for ASOS PLC Stock (ASOMY)