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ASOMF / Asos turnaround strategy execution leaves analysts cautious

ASOS PLC (LSE:ASC), the online fashion retailer, is focused on a turnaround strategy which shifts inventory faster to allow it to be a more cash-generative business, a move analyst at Barclays believe progress is being made on, even if “execution has not been totally clean”. Removing stock by 30% during the 2023 financial year through write-downs, an increase in discounts and a reduction to intake, Asos is also showing early signs of improving the number of products being sold at full price. Read More

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Asos

Turnaround

Strategy

Execution

Leaves

Analysts

Cautious

Stock

ASOMF

Posted: Sep 27 2023, 07:46

Author Name: Proactive Investors

ASOMF News

By Seeking Alpha
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ASOS Plc (ASOMF) Q4 2023 Earnings Call Transcript

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Asos Looks to Separate ‘Good Returns' From ‘Bad Returns'

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Asos: Is this the beginning of the end?

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By Proactive Investors
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Asos posts £297 million loss, plans massive discounting but slow sales expected

ASOS PLC (LSE:ASC) shares headed lower again after the online fashion retailer confirmed much larger losses for the past year and painted a mixed pi

By Proactive Investors
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Asos reported sale of Top Shop raises concerns about viability

Asos PLC rose 3.1% after reports that it is exploring a sale of the Topshop brand it bought from Sir Philip Green's collapsed retail empire less than

By Proactive Investors
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Retailers "vulnerable" as Boohoo, Asos stocks most-shorted, says GraniteShares

Boohoo Group PLC (AIM:BOO) and ASOS PLC (LSE:ASC) were the two most shorted companies in the UK on Monday, according to new analysis from global excha

By Proactive Investors
October 24, 2023

Asos delays results to complete audit; guidance unchanged

Asos PLC is delaying publication of its annual results by one week although it stressed financial guidance remained unchanged. The online fashion reta

By Invezz
October 23, 2023

Asos share price analysis and earnings preview: is it a bargain?

Asos (LON: ASC) share price has moved sideways in the past few months as investors assess the company's performance. The stock was trading at 400p on

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