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ASOS plc is a British online fashion and cosmetic retailer focused on promoting equality, social impact, labour rights, defending LGTBI+ rights and the environment. The company was founded in 2000 in London, primarily aimed at young adults. The website sells over 850 brands as well as its own range of clothing and accessories, and ships to all 196 countries from fulfilment centres in the UK, US and Europe.

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ASOS plc is a British online fashion and cosmetic retailer focused on promoting equality, social impact, labour rights, defending LGTBI+ rights and the environment. The company was founded in 2000 in London, primarily aimed at young adults. The website sells over 850 brands as well as its own range of clothing and accessories, and ships to all 196 countries from fulfilment centres in the UK, US and Europe.

ASOS' headquarters are in Camden Town, at Greater London House with additional offices in Paris, New York, Berlin and Birmingham. As of 2019, the company has 168 suppliers who use 713 factories around the world.

ASOS was established on 3 June 2000, by Nick Robertson, Andrew Regan and Quentin Griffiths. In 2001, ASOS was admitted to the Alternative Investment Market (AIM) on the London Stock Exchange. In 2003, ASOS shareholders agreed to change the names of AsSeenOnScreen Holdings PLC and AsSeenOnScreen Limited to ASOS plc and ASOS.com Limited. In 2004, the company reported a maiden profit, with sales almost doubling in its first half. In 2004, ASOS introduced their own label for women's clothing.

In 2005, the Buncefield Fuel Depot explosion led to the closure of the business for six weeks and £5m of stock was lost. In 2008, ASOS debuted kidswear on its site, however the branded market subsequently suffered declines at the expense of fast-growing own-label kidswear offers. In 2010, ASOS announced it would no longer offer kidswear, to concentrate on its core young adult fashion market.

In the final quarter of 2010, ASOS launched three international online shops in France, Germany and the US. In September 2011, they launched three more sites in Australia, Italy and Spain. In 2012, ASOS opened its first international office in Sydney, Australia, followed by an office in New York. Later on, the company launched its first drama-game show series, called #DIGIDATING, starring AJ Odudu. It was billed as an Internet dating show with backstage drama.

In 2013, ASOSs opened its first office outside the South East, in Birmingham. Later in 2013, ASOS recalled belts contaminated with radioactive cobalt-60, ASOS Russia and China were launched in the same. In 2014, a fire in their Barnsley warehouse caused them to stop taking orders for almost three days. In 2015, ASOS has over 4,000 employees and is the UK's largest independent online and fashion beauty retailer. During the 2014 Formula One season, ASOS was a sponsor of the McLaren Formula One team.

In September 2016, an investigative report from Buzzfeed News alleged poor working conditions at ASOS' warehouse. However, company spokespersons contended that the isolated complaints reported in the Buzzfeed article were not reflective of the general working conditions there. In 2017, workers continued to report that they often worked without regular breaks.

In April 2019, ASOS informed its clients through email that the company is looking into ways of changing its easy returns policy, after research showed customers manipulating the easy return process and the company admitted that the previous return policy was environmentally costly.

Fashion Democracy

ASOS has reportedly defended the fashion democracy concept and it has started various initiatives to do so. For example, they promote body positivity, and offer their ASOS Brands in more than 30 sizes while committed to providing all sizes at the same price. Likewise, they try to promote a healthy body image and they work with more than 200 models to represent their audience. They state that they are not in the business of digitally altering the models' appearance either. All of their models are part of the ASOS family and they support them by following a Model Welfare Policy.

They have also partnered with GLAAD, one of the biggest voices in LGBTQ activism, on a gender-neutral collection to unite in accelerating acceptance.

ASOS has also announced that they will be an official partner of the British Paralympic Association, providing the ParalympicsGB team with their formal and ceremonies outfits. Creating a bespoke collection that meets the athletes' needs, as well as making them look and feel great, is a privilege and has improved their learning about designing adaptive clothing for a range of needs.

Regarding working conditions, the company has 168 suppliers who use 713 factories around the world. They affirm that they are serious about making sure every single person in that global supply chain is safe at work and has their rights respected and protected - that includes working towards ensuring all wages are sufficient not only to meet basic needs, but also provide some discretionary income. They set high ethical standards and support their suppliers to help them meet them. That is way they developed a world-leading Ethical Trade Strategy in 2017 with priorities including transparency; improving wages; health and safety; addressing and reducing modern slavery risks, and identifying and stopping child labour.

ASOS has also showed their commitment towards the environment. They believe great fashion shouldn't come with a compromise, be that style, price or impact. That is why they have set theirselves challenging targets to reduce the impact of their product, business and logistics, and they are always looking for new ways to drive sustainability forward. They work hard to ensure animals don't suffer for fashion and have strict sourcing guidelines for leather and producing animal-free products.

They also set up the ASOS Foundation that achieved full charity status in 2013 and provides infrastructure, training and support to enable disadvantaged young adults to reach their potential. The company works with charity partners to create sustainable, long-term change in the UK, India and Kenya, including The Prince's Trust, Centrepoint, Udayan Care, SOKO Community Trust and Wildlife Works Carbon Trust.

References

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Contents Summary ASOS plc is a British online fashion and cosmetic retailer focused on promoting equality, social impact, labour rights, defending LGTBI+ rights and the environment. The company was founded in 2000 in London, primarily aimed at young adults.

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Authentic - Unique from other brands
Brave - Bold and ambitious
Creative - Products and platforms are formed with creative passion and understanding of customers
Disciplined - Perfecting their skills, executing plans and bridging gaps between goals and accomplishments

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Our vision is to be the world's number one fashion destination for fashion-loving 20-somethings.

Our purpose

We believe in a world where you have the freedom to explore and express yourself without judgement, no matter who you are or where you're from. That is why our purpose is to give fashion-loving 20-somethings the confidence to be whoever they want to be.

Our values

We celebrate what makes us unique and stay true to ourselves. Our business is built on an inclusive culture which encourages passion, enthusiasm and development so you can bring your best self to work. We recognise that it's our differences which make us stand out from the crowd, giving our ASOSers and customers the confidence to be whoever they want to be.

We've been bold and ambitious from the start - it's in our DNA. We're empowered to try something different with the freedom to fail, turning left when others turn right. We use our voice to drive us forward, speaking up on the things our people and customers care about and challenging the status quo.

We have a curious and adventurous spirit - it's who we are and runs through everything we do. We balance leadership with learning, by being comfortable as an innovator and when following in the footsteps of others. Our products and platform are fuelled by creative passion and a deep understanding of our customers, allowing us to empower millions of people around the world.

Great work doesn't happen by chance. We need to take time in our pursuit of excellence, honing our skills, perfecting our craft, executing our plans, being comfortable with the uncomfortable and bridging the gap between goals and accomplishments. It's a strategy that allows us to create an ASOS that's built for future success.

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Our vision is to be the world's number one fashion destination for fashion-loving 20-somethings. Our purpose We believe in a world where you have the freedom to explore and express yourself without judgement, no matter who you are or where you're from.

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We will achieve Net Zero carbon emissions across our value chain by 2030, driven by emission reduction targets, and will be carbon neutral in our direct operations (offices, fulfilment centres, deliveries and returns) by 2025. We’ll get there through decarbonisation targets we’ve set in collaboration with the Carbon Trust.
By 2030 we’ll have shifted towards more circular systems, ensuring 100% of ASOS own-brand products and packaging are made from more sustainable or recyclable materials, prioritising circular design and facilitating product recovery programmes.

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Read more about how we are minimising our impact on the planet

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Bridgerton is a Netflix period drama created and executive produced by Chris Van Dusen and executive produced by Shona Rhimes and Betsy Beers. The series premiered December 25, 2020. Based on Julia Quinn's best-selling series of novels, Bridgerton is set in the sexy, lavish and competitive world of Regency London high society.

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Bridgerton is a Netflix period drama created and executive produced by Chris Van Dusen and executive produced by Shonda Rhimes and Betsy Beers. The series premiered December 25, 2020. Based on Julia Quinn’s best-selling series of novels, Bridgerton is set in the sexy, lavish and competitive world of…

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The Shonda Rhimes-produced period drama Bridgertonranked as Netflix’s most watched series in both metrics. A total of 82 million accounts tuned into the title (for a span of at least two minutes) in the first four weeks that it was available, and for a total duration of 625 million hours watched.

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Netflix co-CEO reveals the streaming service's most-watched titles

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Unsurprisingly, the period drama series Bridgerton is wildly popular.

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Built in the English Victorian style and opened in 1911, The Royal Regency is a beautiful Grade II listed building situated in the heart of the East London.From the moment you step inside, you will not realise where you are and just be in awe of the wonderful Victorian style design of the interior of our building, which has been restored with our modern touch.

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Luxury Venue in London| Wedding | Corporate - The Royal Regency

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We cater upto 1000 guests Banqueting Seating at a time. Suitable for Weddings, Civil Ceremony, Corporate Events and Music Events.

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Online fashion retailer Asos has reported a sharp fall in sales growth and profits and warned that pressure on incomes could offset the boost that ending Covid restrictions has brought.

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Online fashion retailer Asos has reported a sharp fall in sales growth and profits and warned that pressure on incomes could offset the boost that ending Covid restrictions has brought.

Chief financial and operating officer Mat Dunn said that while he expected this summer to "be one of holidays, events and big weddings" that would spur sales, it was "too early to reach any conclusions" on the effect of sharp increases in living costs on its predominantly twenty-something customer base.

But a widely watched indicator of consumer confidence in the UK has fallen for four consecutive months, and Asos told analysts it was budgeting for more promotional activity in the second half that would curtail any recovery in gross margin.

Sales at Asos grew just 4 per cent to £2bn in the first six months of its financial year to February 28, in line with its previous guidance. Dunn said the lethargic growth partly reflected very strong increases in the same period the year before, when revenue rose 25 per cent as many store-based rivals were forced to close.

He also cited the "Omicron wave" of Covid in January 2022 and supply chain issues. "We lost sales in the first half because we didn't have enough availability of the styles people wanted".

Adjusted pre-tax profit was £14.8mn, down 87 per cent from the same period a year ago amid heavier discounting of stock plus higher wage, transport and raw material costs.

Freight costs have risen fivefold compared with pre-pandemic levels and there has been upward pressure on wages in the logistics sector, though increased warehouse automation will ameliorate some of these.

Asos also increased prices slightly during the period to offset some of this pressure, and cut other costs.

It said the suspension of operations in Russia following the invasion of Ukraine would shave £14mn from its previously indicated full-year profit forecast of £110mn-140mn, but left other guidance largely unchanged. Analysts' forecasts are already clustered around the low end of this range.

Dunn, who has been running the company since former boss Nick Beighton was ejected last October, said Asos was making "good progress" on hiring a permanent chief executive.

He denied that setting out a strategy based on international expansion and subsequent wide-ranging changes to the executive team would limit an incoming chief executive's room for manoeuvre.

"What I'm trying to do is as many of the obvious no-regret moves as possible to set the business up for the future . . . I would hope that a new CEO coming in would say 'thank goodness someone has already done all that'."

He added that he will retain his current job title once a new chief is appointed.

RBC Capital Markets analyst Sherri Malek said the results were "underwhelming" and added that worries about consumer confidence in the UK - still its biggest market - would likely keep the share price under pressure.

Shares in the group, which now trade on London's main market after two decades on Aim, have fallen 70 per cent over the past year although by lunchtime trading on Tuesday they were up more than 5 per cent at £16.18.

But she added that the retained full-year profit guidance was encouraging and that the international growth remained promising.

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Asos reports sharp slowdown in profits and growth

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Online fashion retailer Asos has reported a sharp fall in sales growth and profits and warned that pressure on incomes could offset the boost that ending Covid restrictions has brought.

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New rates of the National Living Wage (NLW) and National Minimum Wage (NMW) come into force on 1 April 2022. The National Living Wage is now £9.50 which is a 6.6% increase from previous years.

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The minimum wage rates increased on 1 April. This short report looks at the 2022 increases and the path ahead for the next year.

Documents

MS Excel Spreadsheet, 91.4 KB

Details

New rates of the National Living Wage (NLW) and National Minimum Wage (NMW) come into force on 1 April 2022. These follow recommendations made in the autumn by the Low Pay Commission (LPC). To mark the uprating, this report looks ahead at the implications of the incoming rates and the LPC's remit for the year ahead.

The new NLW and NMW rates are set out below.

Previous rate

Rate from April 2022

Increase

These increases mark another step on the path to the Government's target of an NLW set at two-thirds of median earnings by 2024. This report sets out the latest pathway to that target, based on projections of average pay growth. We are currently consulting on the NLW and NMW rates to be introduced from April 2023.

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British online fashion retailer ASOS on Wednesday reported strong Christmas trading and raised its profit outlook but said post-Brexit tariffs would cost it 15 million pounds ($20.5 million) in its 2020-21 year.

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Britain’s ASOS expects 15-million-pound hit from Brexit tariffs

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British online fashion retailer ASOS on Wednesday reported strong Christmas trading and raised its profit outlook but said post-Brexit tariffs would cost it 15 million pounds ($20.5 million) in its 2020-21 year.

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The Russia-Ukraine conflict seems to have taken a monstrous shape, as a result of which the gas price has now increased by as much as 40 per cent, with crude oil price trading at US $ 104 per barrel (first time since 2014). The worrying part is that this price rise and stock market flip-flop will surely have an impact on consumer psyche and their buying power, which is integral to the growth of every business – including the textiles and apparel market.

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Impact of Russia-Ukraine conflict on fashion world | Apparel Resources

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The Russia-Ukraine conflict seems to have taken a monstrous shape, as a result of which the gas price has now increased by as much as 40 per cent, with crude oil price trading at US $ 104 per barrel (first time since 2014). The worrying part is that this price rise and stock market flip-flop will su…

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- Business plan
- SWOT and PESTEL analysis
-  Getting my presentation organised
- Completing any extra tasks I can get done e.g consumer boards, concept boards, window design

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- 1 to 1 with Derek
- Comp shop visits/research
- Window design
- Packaging
- Branding

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- Store design
- Reflective journal
- Comp shop visit
- Product segmentation/fixture layout
- Email/web design
- Social media posts

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- Reflective journal
- Costing sheet
- Executive summary
- Conclusion
- Proof-read
- Hand in on Wednesday!

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Year on year ASOS PLC grew revenues 19.83% from 3.26bn to 3.91bn while net income improved 13.33% from 113.30m to 128.40m.

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Financials data is unavailable for this security.

Year on year ASOS PLC grew revenues 19.83% from 3.26bn to 3.91bn while net income improved 13.33% from 113.30m to 128.40m.

Revenue

Gross margin | 44.42%
Net profit margin | 0.84%
Operating margin | 1.93%

Net Income

Return on assets | 1.31%
Return on equity | 3.36%
Return on investment | 2.05%

More ▼

In 2021, ASOS PLC increased its cash reserves by 62.63%, or 255.20m. Cash Flow from Financing totalled 483.40m or 12.36% of revenues. In addition the company generated 215.10m in cash from operations while cash used for investing totalled 443.20m.

Cash Flow

Cash flow per share | 1.71
Price/Cash flow per share | 8.77

Cash

Book value per share | 10.48
Tangible book value per share | 3.83

More ▼

ASOS PLC has a Debt to Total Capital ratio of 43.75%, a higher figure than the previous year's 33.50%.

Total Assets

Current ratio | 1.59
Quick ratio | 0.5664

Total Debt

Total debt/total equity | 0.7777
Total debt/total capital | 0.4375

More ▼

Year on year, growth in earnings per share excluding extraordinary items marginally decreased -0.15%. Additionally, five year annualized earnings per share growth ranks highest in its industry.

Earnings Per Share

EPS growth(5 years) | 24.65

EPS (TTM) vs
TTM 1 year ago

-81.64

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ASOS PLC (ASC:LSE) financials, including income statements, growth rates, balance sheets and cash flow information.

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This is an example of a pop-up store space that can be used for the store. The front windows provide space to be able to create my design and it is based in a central location that is accessible to get to via different transport options.

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1. Realla

2. Shops for rent

3. London

4. Kensington

5. South Kensington

P.O.A. 2,447 sq ft

137-161 Brompton Rd, London

Retail storefront for rent in South Kensington, London

P.O.A. / 2,447 sq ft

Highlights

High quality retail space

Great connectivity

Prominent position

Features

24 hour access

Bus line

Raised floor

Security system

Signage

Accent lighting

Roof terrace

Rent

P.O.A.

Marketing

PDF #1 161 brompton road knightsbridge - may 2021 (1)

Available space

There is 1 space available, measuring 2,447 sq ft.

| Space | Size | Term | Price | Use | Condition | Available
Ground floor - Retail Ground floor | Size 2,447 sq ft | Term Negotiable | Price Upon request | Retail | Average | Available

Ground floor - Retail Available

Size

2,447 sq ft

Use class

Buildout condition

Average

Address

161 Brompton Rd, London, London, SW3 1QP, GB

Marketing

PDF #1 161 brompton road knightsbridge - june 2021

PDF #2 Marketing brochure/flyer

The property is available by way of a new lease for a term to be agreed, subject to 5 yearly upward only rent reviews.

Term | Negotiable
Service type | Negotiable
Space type | Relet
Buildout status | Full buildout
Buildout | Standard retail

Property facts for 137-161 Brompton Rd, London

High quality retail space situated on Brompton Road in the heart of Knightsbridge. Conveniently located between Knightsbridge and South Kensington stations providing great connectivity as well as being on the corner of Brompton Place which provides access to Harrods car park. Nearby retailers include Harrods, Zara, and Church Shoes.

Building subtype

Retail storefront

Number of storeys

6

Total building area

87,558 sq ft

Rentable building area

77,051 sq ft

Lot size

0.5 acres

Construction material

Masonry

Year built

1887

Map & nearby

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Disclaimer. Property descriptions, images and related information displayed on this page are based on marketing materials found on the website registered to CBRE. Realla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact CBRE for full details and further information. 8330805

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137-161 Brompton Rd, London | Shop / Retail storefront for rent | 2,447 sq ft | P.O.A.

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Property: 137-161 Brompton Rd, Type: Retail unit or shop, Transaction type: For rent, Address: 137-161 Brompton Rd, London SW3 1QP, Price: P.O.A., Size: 2,447 sq ft

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This is the Flannels store based on Oxford street that I visited for research. Due to Asos being online based it is hard to visit competitors that are also not just based online, however, Flannels could still be included in the list of competitors of Asos. Shopping with Flannels can be done not only online but also in their physical stores which offer a a large range of products.

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Similar to Asos, Flannels offer a large range of products from a number of different brands. The brands are more premium designer brands than what Asos offer which means they may have a slightly different target audience, however, both brands allow customers to have a large choice of products.

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Within the store there are many different sections to shop through. Compared to a lot of stores which now follow a minimalistic style, Flannels do the opposite by using many different patterns on the walls and flooring. The brands are mainly placed in their own sections with clear branding for the viewer to know what they are looking at. Shoes are mostly placed within the same section and the same with clothing.

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Due to the interesting design throughout the store it encourages customers to continue to walk around each section and explore what products are on offer. The way the products are on display allow viewers to have clear sight of each item and with some being able to be viewed from a 360 angle.

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After creating my first draft for my business plan, I received feedback from my tutor on things that could be improved. After reading through his feedback I went back over my plan and expanded on sections that needed to be improved and added information to be more specific with my concept.

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After sending my presentation to Derek, I received some feedback based on things that could be improved. These were mainly just little changes that needed to be made on certain slides which I then went and responded to.

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Upon speaking to my peers in class I gathered some results based upon my concept.
Firstly I discovered that 80% of the class currently shop with Asos and will also continue to shop with them. Next I asked them if Asos opened up a physical store in London, if they would be inclined to visit and 70% said they would. The 30% that said they wouldn't either don't shop with Asos or prefer to just shop online only. I also asked how many people have watched the Netflix show Bridgerton and 80% of people in the class have already watched the series. Lastly I asked them which social media app they use the most and 70% said to use Instagram the most so would therefore be the best place to base any marketing.

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Globe String Lights Waterproof, 15M/49ft 120 LED Fairy Lights Plug in Powered, 8 Modes Christmas Lights Outdoor/Indoor, Garden Lights for Patio, Gazebo, Bedroom, Party Decorations (Warm White)

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Globe String Lights Waterproof, 15M/49ft 120 LED Fairy Lights Plug in Powered, 8 Modes Christmas Lights Outdoor/Indoor, Garden Lights for Patio, Gazebo, Bedroom, Party Decorations (Warm White) : Amazon.co.uk

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Discover UK Sign Shop & personalise your business or home with our handcrafted Acrylic, Wooden and Slate House Signs

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This listing is for a LUXE boho flower arch, one of a kind.

This beauty is 3D and the flowers can be seen on all sides. If you purchase this listing you will receive the frame as well as the flowers. The flowers have been permanently set into the frame basically.

This arch is made out of a mix of roses, hydrangeas, magnolias and foliage.

Size of this arch is width 220 cms approx and height 220 cms.

Frame comes apart in 4 separate pieces.

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LUXE Flower Arch Ivory Flower Arch Flower Backdrop | Etsy UK

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This listing is for a LUXE boho flower arch, one of a kind. This beauty is 3D and the flowers can be seen on all sides. If you purchase this listing you will receive the frame as well as the flowers. The flowers have been permanently set into the frame basically.