Anxious Shoppers Are Hurting Asos and the Online Boom


For Asos, meaning dropping a 67.3 million-pound profit this 12 months. Add in competitors from China’s SHEIN Group Ltd, whose expertise and provide chains make the present tempo of quick trend look glacial, and it’s not exhausting to see why Asos is flagging decrease income, and why outgoing Chairman Adam Crozier felt a change on the high was wanted. | Anxious Consumers Are Hurting Asos and the On-line Increase


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