Retail
Asos expected to post loss after shares drop by almost 50 per cent
Investors will be keen to see how its plans to return to profit have been unfolding at the company’s next market update this week
Online fashion giant Asos is expected to post another half-year loss and shareholders will hope for signs of improving demand from cash-strapped shoppers.
It is among fast-fashion retailers to have become heavily pressurised over the past year by a brutal combination of rocketing costs, supply chain disruption and weaker consumer spending.
The FTSE 250 company has seen its share drop by almost half since this time last year as a result, following two profit warnings ...
