RE: Asos free fall?3 Apr 2020 18:13
Even when the economy was strong they were trading on growth of 13%, there has been a drop in sales the last 4 weeks of around 50-60% and it’s going to get worse. If ASOS survive this it’s going to take huge restructuring and it’s come at a horrible time. Just furloughed 1000 staff in London so it’s minimal business operations at the moment. Good to all but I wouldn’t expect anything special on the update, investors don’t know how bad the situation is for ASOS. GLA