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Online retail giant ASOS to pay back furlough cash (£1.8m) to government

5 mins read

The FINANCIAL — Asos announced that would be returning the cash it received under the government’s furlough scheme as it released trading statement. In a statement issued online, the company revealed that it’s able to make the payments thanks to ”a steady improvement in sales”. Active customer base increased to 23m, +16% year on year, with particularly strong growth in new international customers.  Online fashion giant Asos will repay the money it claimed under the Treasury’s furlough scheme after revealing its sales hit £1billion over lockdown. The fast-fashion company said it’s on track to meet its annual forecast, after sales rose 10%…

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Online retail giant ASOS to pay back furlough cash (£1.8m) to government

5 mins read

The FINANCIAL — Asos announced that would be returning the cash it received under the government’s furlough scheme as it released trading statement. In a statement issued online, the company revealed that it’s able to make the payments thanks to ”a steady improvement in sales”. Active customer base increased to 23m, +16% year on year, with particularly…