Subdued trading leaves Asos out of fashion: Shares slump 4.8% as weak demand hits profits

Bosses have insisted that the online fashion retailer has entered the “final stage” of a turnaround plan launched last year.

This progress follows the company’s decision to “permanently” slash costs, a move aimed at stabilizing and improving its financial position.
https://www.thisismoney.co.uk/money/markets/article-15150101/Subdued-trading-leaves-Asos-fashion-Shares-slump-4-8-weak-demand-hits-profits.html?ns_mchannel=rss&ns_campaign=1490&ito=1490

Leave a Reply

Your email address will not be published. Required fields are marked *