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ASOS celebrates confinement and shoots sales 10% through June


Collection of benefits in ASOS (-3%). The British retail chain, which sells its products exclusively online, has increased sales by 10% in the last four fiscal months that ended on June 30. If you look at the last 10 fiscal months, its sales have increased by 17%.

From Team Spirit they recognize that these numbers "are sufficient argument to satisfy the optimists and worry the shorts".

"The data should not come as a surprise and it is that online shopping has been good for the pandemic," they say. "For the most skeptical, geographic analysis reveals a noticeably weaker performance in the UK and the US compared to Europe and the rest of the world"they continue.

"The key for ASOS shareholders is now knowing whether or not the recovery of the 'V' shape from the start of spring is warranted," they say. Liberum are skeptical and bet that ASOS will end up choosing sales sooner rather than later. For this reason, they reiterate their advice to 'sell' the titles of the textile.

Another detail to take into account that ASOS has left is the announcement that it will proceed to terminate the contracts with a series of suppliers after discovering possible serious threats to health, the safety or human rights of workers.

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