ASOS Revenue Down 3% In Key Christmas Period 

A model walks on an in-house catwalk at the ASOS headquarters in London April 1, 2014. (Reuters)
A model walks on an in-house catwalk at the ASOS headquarters in London April 1, 2014. (Reuters)
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ASOS Revenue Down 3% In Key Christmas Period 

A model walks on an in-house catwalk at the ASOS headquarters in London April 1, 2014. (Reuters)
A model walks on an in-house catwalk at the ASOS headquarters in London April 1, 2014. (Reuters)

Online fashion retailer ASOS reported a 3% fall in revenue over the four months to the end of December, hurt by weaker demand and delivery disruption in its biggest market Britain and making it one of the laggards in the sector. 

Britain is in the midst of a cost-of-living crisis but rival retailers with physical shops such as Next outperformed ASOS in the period as consumers prioritized festive spending and chose to visit stores rather than worry about delivery issues. 

ASOS said UK sales were down 8% in the period which it blamed on weak consumer sentiment, earlier cut-off dates for Christmas deliveries due to the delivery problems and a tough comparison against last year when the pandemic favored online. 

José Antonio Ramos Calamonte, ASOS's chief executive who took over last year, wants to overhaul the company's business model after profits dived following the end of pandemic restrictions and after a string of operational problems. 

Britain's delivery network was hamstrung during the final months of 2022 by more than a dozen days of postal walk-outs. 

Illustrating the challenge for online-only retailers, data from IMRG showed that online retail sales in the UK fell for the first time ever last year, down 10.5% year-on-year, partly because shops opened up after COVID-19 closures. 

ASOS said in its statement on Thursday it was making good progress with its plan to improve profitability although it would make a loss in the six months to the end of March. European sales grew 6% in the period.  



Anna Wintour to Step Down as Vogue Editor-in-Chief

 Vogue Editor-in-Chief Anna Wintour attends the 78th Tony Awards at Radio City Music Hall in New York on June 8, 2025. (AFP)
Vogue Editor-in-Chief Anna Wintour attends the 78th Tony Awards at Radio City Music Hall in New York on June 8, 2025. (AFP)
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Anna Wintour to Step Down as Vogue Editor-in-Chief

 Vogue Editor-in-Chief Anna Wintour attends the 78th Tony Awards at Radio City Music Hall in New York on June 8, 2025. (AFP)
Vogue Editor-in-Chief Anna Wintour attends the 78th Tony Awards at Radio City Music Hall in New York on June 8, 2025. (AFP)

Vogue Editor-in-Chief Anna Wintour on Thursday told employees that she will be seeking a new head of editorial content at American Vogue as she steps down from that position.

Wintour will remain in her roles as Vogue's global editorial director and chief content officer at Condé Nast, the publisher of titles including The New Yorker, Vanity Fair and GQ.

She has been the editor of Vogue US since 1988 and is regarded as one of the most powerful people in the fashion world. Wintour has raised over $300 million for the US Metropolitan Museum of Art's Costume Institute.

In January, former President Joe Biden awarded Wintour the Presidential Medal of Freedom, considered the highest US civilian honor.