Summary
Online fashion retailer ASOS yesterday said the weak pound had sparked a rush of overseas shoppers as it looked forward to more forecast-beating results. ASOS, which stands for As Seen on Screen, said international sales in the four weeks to April 24 had almost trebled - up 173 per cent year on year. The sales surge gave an additional boost to ASOS, which is already benefiting from resilient demand for fashion from younger customers and the growing popularity of Internet shopping. Overall sales during the period were up 80 per cent on last year and pre-tax profits for the 12 months to March 31 are set to be "slightly ahead" of market hopes.
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Asos Is Buoyed by Weak Pound
Private equity firm 3i confirmed...
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