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Asos plummets on weaker sales

The online retailer has blamed slow November sales and rampant discounting for its profit warning
Asos plummets on weaker sales

A poor first quarter has prompted a shock profit warning from online fashion retailer Asos (ASC). A significant slowdown in trading during the “key month” of November meant revenues grew just 14 per cent, reflecting particularly sluggish progress in France and Germany. 

IC TIP: Hold at 2,494p

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