17 Dec 2018

Clothing retailer Asos warns of ‘significant deterioration’ in trading

Economics Correspondent

It won’t be a Merry Christmas at the online clothing retailer Asos. The company’s share price crashed this morning, after it warned it had experienced a “significant deterioration” in trading, with particularly poor sales in November.

The unexpected announcement comes as other fashion retailers also report tough trading. So is Brexit spooking consumers, or are there other factors in play?