6/21/11

Asos grows online retail sales by 58% in fiscal 2011

The web-only fashion and beauty products retailer’s total sales increased by 52%.

Bill Briggs , Senior Editor

Asos plc, a web-only fashion, accessories and beauty products retailer, turned in a sterling 2011.

For the year ended March 31, Asos reported:

“Our international expansion program remains firmly on track,” says Nick Robertson, CEO of Asos, No. 42 in the Internet Retailer Top 300 Europe. “During the year we launched country specific sites in the U.S., France and Germany and we plan to launch three further country-specific sites in the coming financial year.”

London-based Asos also rolled out a mobile commerce site and a Facebook store in fiscal 2011 and is transitioning to a new 530,000-square-foot warehouse in Barnsley, England, that is expected to be fully operational this month.

Topics:

2011 earnings, 2011 financials, Asos plc, Nick Robertson, Top 300 Europe, UK retailer

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