Another flash sale for ASOS this time its the shares!
Online clothing retailer ASOS has reduced its profits expectation for the current year blaming the strength of sterling. The Company say that this has impacted its higher margin international sales. Furthermore ASOS report increased spending on promotional activity. Read the full ASOS trading statement here.
The impact of the trading statement is that shares in ASOS fell be over 40% in the first 15 minutes of trading this morning to £26 from…
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