ASOS Revenue Falls 9% as GMV Returns to Growth in Final Quarter
For the year to 30 August, adjusted like-for-like group revenue fell 9% to £2.24 billion and gross merchandise value declined 5% to £2.35 billion. ASOS said GMV improved each quarter and returned to growth in the final three months; it also flagged a cyberattack impact.
The online-only brand said adjusted like-for-like group revenues had fallen 9% in the year to 30 August, to £2.24bn, while gross merchandise value was off 5% at £2.35bn.However, GMV improved with each quarter, Asos noted, and returned to growth in the final three months for the year for the first t…