- Reuters - UK Focus•yesterday
British fashion retailers will switch their spending firepower to technology from the high street in 2017 after online shopping became the key driver of sales growth over the all-important festive period. Marks & Spencer (Frankfurt: 534418 - news) is investing in apps, its website and logistics, while spending 350 million pounds over five years to close 10 percent of clothing and home space. Department store John Lewis said it was cutting staff bonuses in part to enable it to invest in its online operations after 40 percent of its Christmas sales came from the web.
- Bloomberg•6 days ago
Zalando's disappointing sales highlight competitive strains.
- Reuters - UK Focus•6 days ago
BERLIN/STOCKHOLM, Jan 17 (Reuters) - Lower-than-expected quarterly sales hit shares in Zalando (Swiss: OXZALG.SW - news) , Europe's biggest pure online fashion retailer, which said it would open a new distribution centre in Sweden this year to speed up delivery across the Nordic region. Faster delivery is becoming a battleground for online retailers as Amazon makes a big push into fashion and sets the pace in logistics with its Prime Now service that offers deliveries within one hour in some European cities.
ASC.L: Summary for ASOS PLC ORD 3.5P - Yahoo Finance
ASOS Plc (ASC.L)
LSE - LSE Delayed price. Currency in GBp
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|Bid||5,401.00 x 7100|
|Ask||4,872.00 x 4200|
|Day's range||4,937.00 - 5,196.00|
|52-week range||2,557.00 - 5,512.00|
|PE ratio (TTM)||175.56|
|Dividend & yield||N/A (N/A)|
|1y target est||N/A|