ASOS hits £1bn turnover

Thanks in part to improved working practices at its distribution centres, omnichannel fashion retailer ASOS passed £1 billion in turnover for the four months ending 31st December, a 20% growth on last year.

Including both UK and international sales, group turnover at ASOS hit £1.06bn, largely driven by a successful Black Friday in November. As well as this, the company said it made improvements in product choice and stock availability.

Improved operational performance at its distribution centres in peak times helped orders grow by 20% to 27.7 million. UK sales alone grew by 18% to £408.9 million.

Nick Beighton, CEO at ASOS, said: “Strong customer acquisition activity supported by robust operational performance has driven good momentum in all our markets.

“As we said in October, the focus for this year is to further enhance our capabilities and leverage the investments we have made.”

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