ASOS Seems to Be Making Progress -- Market Talk

Dow Jones03-21

0825 GMT - ASOS seems to be progressing well despite the market environment, Shore Capital analysts Katie Cousins and Clive Black say in a research note. While there is still some caution relating to market pressures and customer trends, the actions and progress the U.K. online fashion retailer has made to support profitability are encouraging, the analysts say. The focus will now be on key consumer metrics including active customers, frequency, orders and conversions. "Improving these trends is key to earnings visibility," the analysts say. Shore Capital upgrades the stock to buy from hold. Shares trade 17% higher. (andrea.figueras@wsj.com)

(END) Dow Jones Newswires

March 21, 2025 04:25 ET (08:25 GMT)

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