Online fashion retailer says it is becoming ‘faster and more agile’, after pre-tax losses of £120m
Asos has said it will take “necessary actions” to transform its fortunes, after the fast fashion retailer’s first-half losses widened and sales fell by nearly a fifth.
The company reported an 18% drop in year-on-year sales for the first six months to 3 March on Wednesday. This contributed to an underlying pre-tax loss of £120m, widening from the £87.4m loss recorded during the same period a year earlier.
