Connect with us

Hi, what are you looking for?


What made U.K. online fashion retailer ASOS stock tank 20% today?

U.K. online fashion retailer ASOS has been a popular destination for fashion-forward shoppers for years. However, the company’s stock took a major hit today, dropping 20% in value. So, what caused this sudden drop?

There are a few factors at play here. First and foremost, ASOS recently announced that it would be investing heavily in its infrastructure in order to improve its delivery times and customer experience. While this is certainly a positive move for the company in the long run, it will require a significant amount of capital upfront. Investors may be concerned about the short-term impact this investment will have on ASOS’s bottom line.

Additionally, ASOS’s recent earnings report showed slower-than-expected growth in sales and profits. While the company is still growing, investors may be worried that this slower growth is a sign that ASOS’s best days are behind it.

Finally, there is the broader economic context to consider. The ongoing trade war between the U.S. and China, as well as uncertainty around Brexit, have created a volatile market for retailers like ASOS. Investors may be hesitant to put their money into a company that could be impacted by these larger economic forces.

Overall, while ASOS’s stock drop is certainly concerning for the company and its investors, it’s important to remember that the fashion retailer is still a major player in the online retail space. With a strong brand and a loyal customer base, ASOS is well-positioned to weather this storm and continue to grow in the years to come.

Enter Your Information Below To Receive Free Trading Ideas, Latest News And Articles.

    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

    You May Also Like

    Latest News

    Rep. Jennifer Wexton (D-Va.) announced on Tuesday that she has been diagnosed with Parkinson’s Disease. “If there’s one thing that Democrats and Republicans can...

    Latest News

    After Dianne Feinstein announced she’d contracted the shingles in early March, her staff said she planned to return to the Senate within a matter...


    A U.S. District Court judge has ruled that Elizabeth Holmes, founder and CEO of the disgraced blood-testing company Theranos, cannot remain free on bail...

    Latest News

    SEOUL, South Korea — When a group of American lawmakers arrived in South Korea for meetings with government and military officials, President Yoon Suk-yeol...

    Disclaimer:, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2022 All Rights Reserved.