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ASOS v. Boohoo – The Rise, Fall And Rise Of Fast Fashion

October 15, 2020

Via: Forbes
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ASOS CEO Nick Beighton is concerned about Christmas despite ASOS profits increasing by 329% to £142m in the year to August 31, with group revenue up 19% to £3.26bn. His customers have seen their lives change significantly – less glam swimwear, unicorn inflatables and holidays. Hardly any weddings, cancelled holidays and virtual graduation ceremonies. Yet a lot more sales of pyjamas and leisurewear – especially tops – for all the Zoom calls.

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