// 100 Asos HQ jobs at threat as company battles slumping sales
// Many are employed in its marketing department
// Asos issued a profit warning in December, saying it had suffered a “significant deterioration” in pre-Christmas trading
Asos’ London head office employees face the risk of losing their jobs as the online retailer becomes the latest victim of slumping sales.
Around 100 staff may face redundancies as the Asos launches a consultation with them, many of whom are employed in the marketing department, The Sunday Times reports.
Asos issued a profit warning in December, saying it had suffered a “significant deterioration” in pre-Christmas trading, which sent shares plummeting by around 40 per cent.
Its pre-tax profit plunged 87 per cent in March when it revealed half year results.
Furthermore, the retailer changed its free returns policy earlier this year, announcing it will crack down on “serial returners” in a bid to reduce costs.
“These guys are treating the Asos proposition sometimes, regrettably, as a rental service,” Asos chief executive Nick Beighton said.
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5 Comments. Leave new
At least they cannot blame move online sales. The sooner everyone talks the real truth about Brexit impacts the better. Prices are up all over from imports , the pound slumps for months and up goes most prices, , people face uncertainty and cut back. Property prices are frozen in the south. Public services are shredded …jobs are beginning to go and economic growth is stunted. Brexit is real and will hurt many families.
Brexit is definitely going to make us all make us all worse off and damage business
Brexit, schmexit.Here we go again.Voodoo economics from the Remain thaumaturgists.
Louis another Tory fool who probably voted leave thinking asylum seekers are a massive problem.
Can’t wait for your pension to be cut back. Thanks for that.
Why don’t we scrap all the tariffs for all the countries, so we can see the import price drops immediately? Also, people are complaining about the property price, wouldn’t be a good news to see the property price to freeze or even drop?