menu search

ASOMY / Asos woes due to the end of e-commerce bubble?

Asos woes due to the end of e-commerce bubble?
ASOS PLC (LSE:ASC)'s decision to cut its annual sales and profit guidance, on the back of rising consumer returns and associated supply chain costs, may be evidence that the e-commerce bubble since the start of the Covid-19 pandemic is fading, analysts say.  “It looks like e-commerce was in a bubble driven by a massive shift in spending from services to goods,” Saxo Bank's head of equity strategy Peter Garnry said in a statement today, noting that e-commerce stocks have fallen 66% over the past year and have lost ground gained during the first phase of the pandemic. Read More
Posted: Jun 17 2022, 11:06
Author Name: Proactive Investors
Views: 110128

ASOMY News  

ASOS shares tank 19% as cash fears grow

By Proactive Investors
May 15, 2023

ASOS shares tank 19% as cash fears grow

Fears of an imminent cash call sent shares in ASOS PLC plunging 19% in afternoon trade.   "Given the ongoing restructuring and cost savings initiati more_horizontal

Here's why the Asos share price just tumbled to a 13-year low

By Invezz
May 15, 2023

Here's why the Asos share price just tumbled to a 13-year low

Asos (LON: ASC) share price tumbled to the lowest level since 2010 as concerns about the company's future remained. The shares plunged to a low of 430 more_horizontal

What made U.K. online fashion retailer ASOS stock tank 20% today?

By Invezz
May 10, 2023

What made U.K. online fashion retailer ASOS stock tank 20% today?

Shares of ASOS plc (LON: ASC) tanked more than 20% on Wednesday after the online fashion retailer reported disappointing results for its fiscal first more_horizontal

ASOS' Share Price Dives Almost 12% On Disappointing Sales News

By Forbes
May 10, 2023

ASOS' Share Price Dives Almost 12% On Disappointing Sales News

Sales dropped 8% during the six months to February on weak trading conditions and restructuring measures. more_horizontal

Asos slips to first half loss

By Proactive Investors
May 10, 2023

Asos slips to first half loss

Asos slipped to a first-half loss but said it remains on track to deliver full-year targets. The online fashion retailer made an adjusted loss before more_horizontal

ASOS aims to prove the shoeter wrongs with latest update

By Proactive Investors
May 10, 2023

ASOS aims to prove the shoeter wrongs with latest update

Asos shares are among the most shorted in London but could conditions in recent weeks help kickstart a comeback for the online clothing retailer? On more_horizontal

Can ASOS earnings kickstart a return to pandemic highs?

By Proactive Investors
May 5, 2023

Can ASOS earnings kickstart a return to pandemic highs?

ASOS PLC (LSE:ASC), the online clothing retailer, will be hoping that its interim results, due Wednesday 10 May, can get the share price on the climb more_horizontal

ASOS And The Fast Fashion Headwinds

By Seeking Alpha
April 28, 2023

ASOS And The Fast Fashion Headwinds

ASOS And The Fast Fashion Headwinds. more_horizontal


Search within

Pages Search Results: