News article

Sales rise at online retailer Asos

Sales rise at online retailer Asos
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Asos saw its domestic sales increase 47 per cent during the first half of its financial year, the online clothing retailer said in a trading update.

The company also posted a 110 per cent climb in overseas sales during the six months to September 30th.

It customer base climbed to 1.2 million from 890,000 over a 12-month period and the firm said it is "confident" with its outlook for the remainder of the 2009-10 year, something that may interest those trading Asos shares on the stock market.

"The results to date are in line with management's expectations," chairman Lord Waheed Alli said at the Asos annual general meeting in London.

He added that the businesses had seen "another strong first-half performance", during which it had introduced free returns for shoppers and added a further 56 countries to its international distribution list.

Asos shares dipped on the news, dropping 2.74 per cent to 354.5p at 15:26 BST in London.ADNFCR-1681-ID-19386407-ADNFCR