Young fashion etail giant ASOS says it is “on track” to deliver its targets in this financial year as it posts a 32% rise in retail sales to £498.3m in the four months to 30 June (and a 36% rise in the financial year to date).
Chief executive Nick Beighton said the AIM-listed group had made “advances across all areas of our business including retail, technology, warehousing, delivery solutions and customer care”.
The UK performed strongly in the four-month period with retail sales up 16% at £203.1m but international sales were up an impressive 44% at £295.2m. Total orders shipped in the period hit 16.9m (up 28%) and active customers were up by 25%. Average basket value was up 3% and order frequency up by 6%.
During the period the ASOS transitioned to its new Eurohub 2 logistics centre in Germany, with phase two underway, and anticipates announcing a new US logistics hub soon. It also made 300 tech releases during the quarter.
“Strong H1 sales momentum has continued through the third period supported by our ongoing investment in our customer proposition and in price,” said Beighton. “[…] We remain on track and confident of meeting market expectations,” he added.