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Online retailer Asos posts 47% increase in sales

Online fashion retailer Asos has reported a sales...

Online fashion retailer Asos has reported a sales increase of 47% for the period ending 30 September.

Retail sales rose to £69.7m in the company's second quarter. UK sales were up 21% and international sales increased by 128% compared to the same period in 2009.

Asos CEO Nick Robertson said, "I am pleased to report continued strong sales growth, both in the UK and internationally. With retail gross margin ahead of prior year and costs tightly managed, we expect our full-year results to be in line with market expectations."

Asos invested in IT, such as a £40m warehouse, earlier this year to help reach sales of £1bn by 2012/2013. The new warehouse fit out is on track for commissioning in Spring 2011, said Asos.

The online retailer launched its US site in September. French and German websites are due to be live by the end of October.

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