ASOS is likely to shrug off the gloom facing Britain’s retail sector with another jump in sales when it reports interim results on Tuesday.
Sales at the fashion retailer are expected to outstrip the wider UK market, but the lion’s share of the boost will come from a powerful overseas performance.
The firm is expected to notch up a 27 per cent rise in pre-tax profits to £27.1 million for the half year, with group sales hitting £901 million.
Asos, which stands for As Seen On Screen, said earlier in the year that annual sales were likely to be 25 per cent and 30 per cent higher after international takings leapt 52 per cent to £361.7 million in the four months to the end of December.
The company’s global business has been riding high – driven largely by the US – after reinvesting a currency boost from the Brexit-hit pound.
Shore Capital analyst George Mensah said the firm looked likely to benefit from several US retailers dropping out of the market place
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