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Investors remain cautious on the European retail sector, though Next PLC (LSE:NXT) and Tesco PLC (LSE:TSCO) continue to rank among the most crowded long positions in the industry, according to UBS. The bank's latest 'crowding' analysis found overall positioning among institutional investors in retail remains negative, with the sector described as "short skewed" relative to the wider European market.
Mothballed Atlanta facility could offer further upside, though declining sales trends remain a concern. Deutsche Bank has raised its price target on ASOS PLC (LSE:ASC), the online fashion retailer, to 400p from 375p after the company's sale of its Lichfield distribution centre to Marks and Spencer Group PLC (LSE:MKS) for net proceeds of at least £66 million.
Marks and Spencer Group PLC;s (LSE:MKS) £67.5 million purchase of a distribution centre from online specialist ASOS PLC (LSE:ASC) gives the FTSE 100 retailer a faster and cheaper route to expanding its online clothing business as it pushes to double UK non-food digital sales. Analysts at Shore Capital said the acquisition of the 437,000 sq ft site was a surprise but “welcome component” of M&S's long-term online strategy, giving the group additional logistics capacity at what they described as a reasonable price.
ASOS PLC (LSE:ASC) shares jumped 10% to 241p on Monday after the online fashion retailer agreed to dispose of an unwanted distribution warehouse for a £66 million net profit. The company said the sale of its Lichfield facility would also bring annual cash savings of £6 million for rent and occupancy costs.
ASOS said on Monday it will sell its Lichfield fulfilment centre to rival Marks & Spencer for 66 million pounds ($89.7 million), as the British retailer looks to simplify operations and dispose of non-core assets.
ASOS PLC (LSE:ASC) has agreed to sell its Lichfield fulfilment centre to Marks and Spencer Group PLC (LSE:MKS) as the online fashion retailer continues efforts to strengthen its balance sheet and cut costs. The group said the £67.5 million disposal will generate net proceeds of at least £66 million and annual cash savings of about £6 million from lower rent and occupancy costs.
Deutsche Bank says ASOS PLC (LSE:ASC) has “regained its mojo” after four years of restructuring, with the online fashion retailer showing early signs of a return to growth. The broker reiterated its Buy rating and 375p price target, implying meaningful upside from the last closing price of 250p.
ASOS Plc (ASOMY) Q2 2026 Earnings Call Transcript
Shares in ASOS PLC (LSE:ASC) climbed over 9% to 245.88p, a six-week high, as the online clothing retailer reported improving profitability in the first half. Gross margins expanded more than three percentage points to around 48.5%, enabling adjusted EBITDA to increase 51% to £64 million.
ASOS said on Thursday that it has begun seeking refunds for U.S. tariffs paid during the first half of the year, as the British fashion retailer pursues a margin-focused turnaround plan to revive demand.
Asos Pls (OTCMKTS:ASOMY - Get Free Report) and FIGS (NYSE: FIGS - Get Free Report) are both retail/wholesale companies, but which is the superior investment? We will compare the two businesses based on the strength of their profitability, dividends, institutional ownership, valuation, risk, analyst recommendations and earnings. Insider and Institutional Ownership 92.2% of FIGS shares are
Asos Pls (OTCMKTS:ASOMY - Get Free Report) is expected to be posting its results before the market opens on Tuesday, April 14th. Analysts expect Asos Pls to post earnings of ($0.4051) per share and revenue of $1.6538 billion for the quarter. Asos Pls Price Performance OTCMKTS:ASOMY opened at $2.98 on Tuesday. The stock has a
After ASOS PLC (LSE:ASC) last week reported improving first-half profitability, broker Shore Capital said the near-50% rise in underlying profit underpins full-year forecasts as the online fashion retailer continues its turnaround. The broker said trading is “developing in the right direction”, with gross merchandise value declines easing to 9% and sequential improvements through the half.
ASOS PLC (LSE:ASC) has reported a near-50% jump in underlying profits (EBITDA) for the first half of its financial year, as the online fashion retailer's turnaround continues to gain momentum. The improvement was driven by a higher gross margin, which rose to 48.5%, alongside lower return rates and tighter cost control.
British online retailer ASOS posted nearly 50% year-on-year improvement in its first-half adjusted core profit on Wednesday, driven by strict cost controls amid a business revamp.
British sportswear and fashion firm Frasers Group has increased its stake in ASOS to 29.26% from 28.42%, becoming the largest shareholder in the fast-fashion retailer, a filing showed on Monday.
