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Has Asos taken on too much? What the analysts say

2019-10-16 12:40:00| Daily apparel & textile news and comment - from just-style.com

UK online fashion retailer Asos has blamed warehouse issues in the US and EU, along with restructuring costs and slowing international sales for a 68% drop in pre-tax profit to GBP33.1m. The news, analysts say, proves the company has taken on too much with its "overambitious" plans. 

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