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ASOS plc ("the Company") Global Online Fashion Store Trading Statement for the 3 months ended 30 November 2012
By: PR Newswire
Dec. 11, 2012 05:23 PM
LONDON, Dec. 11, 2012 /PRNewswire/ --
Q1 Highlights
Nick Robertson, CEO, commented: "I am pleased to report strong trading for the three months to 30 November 2012 with total retail sales up 30% to £166m. "Our UK performance was ahead of expectations at +24%, driven by better conversion of traffic alongside continued investment in both our proposition and pricing. Our International business grew by +34% and now accounts for 63% of our total retail sales. We achieved +57% growth in the US, +42% growth in ROW, and +15% growth within the EU. Once again the performance of countries where we have dedicated websites was significantly better than the EU performance as a whole. "The retail gross margin performance reflects a combination of a particularly strong comparative period, the UK accounting for a larger percentage of the total retail sales mix than initially planned and continued price reinvestment. "We remain positive in our outlook and continue to trade in line with expectations." *Defined as having shopped in the last 12 months Background note ASOS is a global online fashion and beauty retailer and offers over 60,000 branded and own label product lines across womenswear, menswear, footwear, accessories, jewellery and beauty with approximately 1,500 new product lines being introduced each week. Aimed at fashion forward twenty-somethings globally, ASOS attracts 23.0 million unique visitors a month (November 2011 18.2 million) and as at 30 November 2012 had 10.1 million registered users (30 November 2011: 7.1 million) and 5.4 million active customers* (30 November 2011: 4.0 million) from 160 countries. *Defined as having shopped in the last 12 months SOURCE ASOS plc
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