ASOS carnage: what are the experts saying?
A profit warning from one of the world’s most successful online retailers has wreaked havoc across the retail industry. Here’s why ASOS’ problems are so significant.
No-one is safe from the tide of woe in the retail industry, not even ASOS (ASC). The online-only retailer – which, until now has seemed largely immune from the risks of a cyclical slowdown in the consumer sector – has warned that trading in November was significantly worse than previous expectations. Carnage has been unleashed. ASOS has lost over £1bn worth of its value.
The sentiment shared by most patrons of the retail sector…
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