Asos has recently made headlines due to a 15% sales decline in the UK, which the company attributed to wet weather. This decline has led Asos to cut its profit guidance, impacting its financial outlook. The company's performance has been affected by external factors such as weather conditions, highlighting the challenges faced by online retailers in a competitive market.
Founded in 2000 in London, Asos plc is a British online fashion and cosmetic retailer catering primarily to young adults. The company offers a wide range of products from over 850 brands, in addition to its own clothing and accessories line. Asos has established itself as a prominent player in the e-commerce industry, known for its trendy and diverse selection of fashion items. Despite its recent sales decline in the UK, Asos continues to operate internationally and remains a key player in the online retail sector.