Asos 'to open high street shops'
The new boss of Asos told The Sun that the online fashion retailer was exploring all options to get rid of excess stock.This would be clothes that are out of season, that the online retail giant has not been able to shift.José Antonio Ramos Calamonte, who recently took over the running of the business, told The Sun that as well as exploring opening a physical outlet Asos could also start offloading its out of season stock to discount retailers like TK Maxx and flash sale websites.
The need to clear stock comes after Asos reported a collapse in profits and it said it would post a loss for the next six months.It said the cost of goods had gone up by "mid-single digits".Primark has revealed 25 stores will be launching a clock and collect service - but it's just for kids clothes and toys.is your go to destination for the best celebrity news, football news, real-life stories, jaw-dropping pictures and must-see video.
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