Retailer adds another 3 million customers but remains cautious over Brexit and disposable incomes
The online fashion specialist Asos more than quadrupled profits as its mainly twentysomething shoppers snapped up comfy casual wear and skincare products during lockdown.
Brexit on Amazon
It added 3 million more shoppers to its active customer base, taking the total to 23.4 million, and said it had made a solid start to the year. However, Asos shares lost more than 10% as the group said it was cautious about the outlook for the business because of the impact of the pandemic and the potential consequences of Brexit on its young shoppers. The shares closed down 553p at £48.25, but still up from £33.73 at the turn of this year and compared with little more than £10 at the time of the plunge in markets in March.