British online fashion retailer Asos warned on profit for the third time in eight months on Thursday, blaming operational issues as it overhauls its warehouses in the United States and Europe. British online fashion retailer Asos warned on profit for the third time in eight months on Thursday, blaming operational issues as it overhauls its warehouses in the United States and Europe. Asos said pretax profit for full-year 2019 was now expected to be £30-35m (€33m-€39m) after booking £47m (€52m) of transition costs and £3.5m (€3.9m) of restructuring costs. According to Refinitiv data, analysts had been expecting pre-tax profit of £55m (€61m). For the balance of the year it forecast sales broadly in line with its year to date performance.

Source: Irish Independent July 18, 2019 06:45 UTC