ASOs disappoints investors despite the rapid growth in sales

Online clothing store ASOs warned that its rapid sales growth will be slightly lower than investors have sky-high expectations, dealing a blow to their promotion.

Retail sales rose 22pc to more than £800 million in the four months to 30 June thanks to double-digit growth in all key markets, but that was below analysts ‘ forecasts by more than 25 PC.

The aim-listed company also warned that its annual sales are likely in the Lower end of the previously guided range of 25-30pcs, scares investors, who sent its shares fell by 11pc to £ 57.82 in the trading day.

Russ shape of the investment company AJ bell said: “the negative reaction of the markets should not come as a surprise, as Sapna…

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