By John Glenday

Online fashion brand Asos has reported a 14 per cent rise in retail sales for the six months ended 28 February 2015 to hit £536m, although profit before tax actually fell by 10 per cent to £18m owing to an investment drive.

The double digit rise comes following the retailers appointment of Clifford Cohen as CIO and positions its suite of websites as a fashion hub, selling a mixture of own label, global and local brands.

Nick Robertson, Asos CEO, commented: “Trading for the six months ended 28 February 2015 included a record Christmas season, with total sales increasing by 14 per Read full story ›

Source: The Drum