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ASOS expects "very promotional" peak trading period -CEO

Wed, 14th Oct 2020 08:07

LONDON, Oct 14 (Reuters) - British online fashion retailer
ASOS is anticipating a highly promotional trading
period in the run-up to Christmas this year, its boss said on
Wednesday.

"We're...expecting it to be a very promotional period from
now on in, starting at Halloween," CEO Nick Beighton told
Reuters after ASOS reported annual results.

He also said ASOS was assuming a no deal outcome in
Britain's future trading relationship with the European Union.

"If there is a Brexit deal with tariffs we would have to
suck up a substantial amount of operating cost," he said.
(Reporting by James Davey; editing by Sarah Young)

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