Asos blames ‘bump in the road’ as investors flee e-commerce crash
By Asos described Monday’s profit warning as a “bump in the road”. But investors, who saw the shares crash by almost 40 per cent, experienced severe whiplash. The severity of the slowdown at the fastfashion retailer, whose market value peaked at £6.4bn in March, has raised questions about the confidence of Europe’s millennial consumers and the…
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