The online retailer says trading has been 'very challenging' in recent months.
Asos, the online fashion retailer, has reported large losses after shoppers cut back on spending and the cost of living squeezes household budgets.
The group, which announced a major restructure in October last year, had previously said it expected to make losses, in part due to having to cut prices to clear stock.business revealed in its last full-year results. But with the reopening of High Street shops followed closely by the rising cost of living, spending power of customers has been hit, with households having to deal with higher energy and food bills.
In the UK, Asos said while its sales were still above pre-pandemic levels, trading had been "volatile from month to month" and hit hardest notably in September, which it blamed on "negative news flow relating to the cost of living" and in December as a result of postal strikes.