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Global online fashion retailer remains a structural growth play
Thursday 06 Jul 2017 Author: James Crux

13 July

While UK consumers are pulling in their horns, web-based fashion seller ASOS’ (ASC:AIM) third quarter trading update (13 Jul) could confirm continuing strong growth in all global regions.

Increasing its differentiation in the rapidly growing online retail channel and benefiting from a currency tailwind, ASOS upgraded sales growth guidance in April.

However, retail gross margins fell by 40 basis points (0.4%), as it cuts prices in a more    promotional market.

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