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Opening Quote: Asos still looks fashionably fast

Summary:
Asos still looks fashionably fast. FT Opening Quote, with commentary by Matthew Vincent, is your early Square Mile briefing. You can sign up for the full newsletter here. Middle aged middle Englanders may not have been queuing round the block for Marks and Spencer’s Summer Sale this week, but its seems their kids have been doing the digital equivalent at Asos.com. Despite being described by one analyst as “more mature” than rival boohoo.com – surely, the last thing a millennial wants to hear – the online fashion retailer has still managed to report a 32 per cent increase in total retail sales for the four months to June 30. Even in constant currency terms, that was a 26 per cent rise on the same period last year.In the UK, though, the growth rate was half that, and a little slower than

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Asos still looks fashionably fast. FT Opening Quote, with commentary by...

Siona Jenkins
Former Cairene; FT Middle east news editor. Views my own.

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