Fast fashion but slow progress at loss-making Asos | Nils Pratley

Covid lockdown boom masked flaws until it didn’t – and the loss of £291m in six months was worse than expected

“There is a lag between operational change and visible results,” said online fashion retailer Asos in its half-year report, giving an optimistic spin on half-year numbers that were conspicuously awful.

While the new chief executive talks the management blah of optimising and rightsizing, an adjusted pre-tax loss of £87.4m was several degrees worse than the City had expected. The unadjusted version, which included a £129m stock write-down and various other whacks, was a loss of £291m, which is going some in the space of six months.

Continue reading...

source https://oto.oto-login.com/

Nhận xét

Đăng nhận xét

Bài đăng phổ biến từ blog này

Harry and Meghan are showing the royal family how brand management is done | Gaby Hinsliff

As the Sussexes unveil a slick Netflix series, the Windsors are struggling with accusations of racism at a palace reception If ever there were a love story for the Instagram age, the Duke and Duchess of Sussex’s beautifully chronicled romance is the one. Here they are, in a series of pictures from their private album released to promote next week’s six-part Netflix documentary on their relationship, sitting atop a Jeep on what looks like their first holiday together. Here he is, serenading her on the guitar. Then the two of them, impossibly glamorous, spinning joyously around the dancefloor at their wedding; and her on a beach, pregnant and delightedly cradling the bump, against an almost too perfect sunset. Couple goals, luxury travel, a baby: that’s all the influencer boxes ticked. But perhaps the most telling image shows them late at night in their kitchen, just in from an official engagement. Harry has stripped off his dress jacket and is kissing Meghan, who is perched on the co
Đọc thêm

Jam Delish, London N1: ‘A game-changer for vegan restaurants’ - review | Grace Dent on restaurants

Plant-based food is often dreary and dry, but I have eaten enough to know genius when I see it J am Delish , a glitzy independent down an Islington back street, is a noteworthy new opening for several reasons. First, it is not a vast, laughably expensive, 200-seater, all-day, mock-Mediterranean bistro, which is what just about every investor is backing these days, knowing that a fool and his £28 for substandard, citrus-doused carpaccio are easily parted. Second, it is a Jamaican vegan restaurant that serves fake goat curry, barbecue jerk plantain and saltfish that is certainly not fish. This is unusual. Sure, Jamaican vegan food should probably be more commonplace, if one thinks about it logically. I’ll show my workings: Jamaica has the world’s largest Rastafarian community; Rastafarians follow an Ital meat-free diet ; and Britain is home to many vegans, Jamaicans and Jamaican food-lovers, not to mention Rastafarians. So you’d think that, somewhere along the way, plant-based brown st
Đọc thêm