November is a very important month for Asos but warm weather and discounting reduced its average selling prices AsosAsos has become the latest retailer to warn on profits following a spell of very poor trading in November. Shares in Asos tumbled 41 per cent to £24.50 in early trading. The profit warning also hit the rest of the retail sector, with shares in Next, Marks & Spencer, Primark owner AB Foods, JD Sports and Sports Direct dropping by between 4.8 per cent and 3 per cent. It is the latest retailer to warn on profits after Superdry and Bonmarché last week. It also comes after Mike…

Source: The Times December 17, 2018 09:00 UTC