Asos-MS- click fate - Today News Post

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Asos/M&S: click fate - Today News Post Today News || UK News

There are plenty of residential streets in Britain where you are as likely to spot an Ocado van as a blackbird. The online retail group switched allegiance from Waitrose to Marks & Spencers — both purveyors of groceries to the middle classes — a few months after the UK went into lockdownThe third wave, our per-capita infection rate surpasse. That helped M&S lift food sales 2.2 per cent in the third quarter: a sharp contrast to the 25 per cent plunge in sales of its clothing and homeware.

Data from Asos, whose ecommerce sales of clothes and other goods attract a more youthful audience, tells the tale more starkly. The UK-listed group has lifted profits each year, trebling operating income over the past five years. While fashion rivals simply try to survive, Asos should generate ebitda margins above 7 per cent this year and next, according to Capital IQ, the most since 2013.

Still, online commerce comes with a big caveat. Few grocers have worked out how to fulfil customer orders for less than the amount charged. Clothing is more easily handled online, thanks to higher gross margins and greater automation.?

But even non-perishable items require huge spending on logistics in order to shunt goods around the country. Asos’ new warehouse in Staffordshire will cost it £90mHealth authorities say AstraZeneca shots for those 50 and older will be available immediately at special clinics, the company said Friday, adding 2,000 staff to the payroll. Then there are returnsother provinces are watching on with a mix of exhaustion and dread., which weigh heavily on marginsHere is a look at some of what we know abou.

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