ASOS Plc released a trading statement yesterday, with operational issues in both its European and US warehouses resulting in weaker than anticipated P3 performance and a downgrade to the outlook for the full year to 31 August 2019. The ASOS update serves to highlight the relative strengths of boohoo Group model, in our view, and reaffirms our belief that it deserves to trade at a premium to its peer. Boohoo has repeatedly proven its ability to invest ahead of growth and manage significant ope ....