Asos On Target For £1 Billion

Online fashion retailer Asos is on target to achieve £1 billion in sales across its five main markets by 2015, it said this morning. 

Total group sales soared 33 per cent to £359.7 million in the six months to Feb 28. 

It said profit rose 11 per cent to £25.7 million, in line with forecasts. 

The group is investing in international growth, boosting growth, but has said young British consumers are under pressure. 

'Our International roll-out continues and our £1 billion sales ambition for the group is firmly in our sights,'  said chief executive Nick Robertson.

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