ASOS Grapples with Revenue Decline & Turnaround Challenges

2 months ago

Louise Moon

"ASOS uh has seen losses also today. A symptom maybe of wider consumer jitters and we had the retail sales figures out for the UK. So, and that's kind of uh that's being seen across the board also in consumer confidence gauges as well. that will be uh impacting ASOS to an extent, but they also kind of have their their own problems that they're grappling with. So, they had their four year results. Losses were larger than expected. So, a 15% drop in revenue for the year. They're in the middle of a turnaround. They've been making a lot of changes to do with management, to do with inventory. Um they've also launched Topshop back on the high street within the past year. Um so, they're saying that, you know, the difficult part is behind them."

The ASOS commentary outlines the firm's recent four-year results, including a 15% revenue drop amid broader consumer weakness, while noting ongoing turnaround efforts through management and inventory changes, as well as a relaunch of Topshop. However, recovery faces challenges with a weak base heading into 2026.