Asos will provide a trading statement for shareholders and analysts on its performance over the past financial year on Tuesday.
Asos investors will be hopeful the online fashion firm can show progress in its revival plans when it reports its latest trading figures next week.
In June, its shares dropped to their lowest for almost 14 years after it tapped its shareholders for £80 million and said it would borrow a further £275 million in order to bolster its finances.Asos previously said the funding boost would be used for its turnaround plan, which will include shaking up the company’s approach to buying and merchandising, and giving the firm more financial headroom.
Bosses at the company have pointed towards a double-digit decline in sales for the past year as it has been impacted by pressure on consumer budgets. The company has said it will focus more on improving its profitability in the short-term, so investors will be keen to see a reduction in stock levels and improvement in profit margins.
Belgique Dernières Nouvelles, Belgique Actualités
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