Asos has experienced a very satisfying performance until the end of June, benefiting from the pandemic-led market tailwind. However, the gradually reopened physical stores and eased social restrictions have resulted in normalised demand for low-return rate categories of products and softened trading momentum in the last three weeks.
Also, the higher global freight costs and ongoing supply chain disruptions will continue to put pressure on the group’s profitability. Asos sees “a measure of volat ....
15 Jul 2021
Softening trading outlook
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Softening trading outlook
ASOS plc (ASC:LON) | 355 -5.7 (-0.4%) | Mkt Cap: 423.2m
- Published:
15 Jul 2021 -
Author:
Jie Zhang -
Pages:
3
Asos has experienced a very satisfying performance until the end of June, benefiting from the pandemic-led market tailwind. However, the gradually reopened physical stores and eased social restrictions have resulted in normalised demand for low-return rate categories of products and softened trading momentum in the last three weeks.
Also, the higher global freight costs and ongoing supply chain disruptions will continue to put pressure on the group’s profitability. Asos sees “a measure of volat ....