Global Retail Alliance
info@gra.world
  • Login
  • Register
  • Newsletter
  • Virtual Library
  • Choose your country
    • Australia
    • Brazil
    • China
    • Poland
    • Latin America
    • Middle East
GRAGRA
  • Home
  • Membership
    • Silver
    • Gold
    • Platinum
  • Event
  • News
  • Retail Tour
    • Our Tours
    • Europe Retail Tour
    • Retail Tour – New York
    • Retail Tour – Düsseldorf
  • Contact
  • Home
  • Membership
    • Silver
    • Gold
    • Platinum
  • Event
  • News
  • Retail Tour
    • Our Tours
    • Europe Retail Tour
    • Retail Tour – New York
    • Retail Tour – Düsseldorf
  • Contact

Innovation & Technology

  • Home
  • Innovation & Technology
  • Asos overtakes M&S in market value

Asos overtakes M&S in market value

  • Categories Innovation & Technology
  • Date November 30, 2017
  • Comments 0 comment

Asos has overtaken high street bellwether Marks & Spencer in market value, and it’s set to continue racing ahead to cement itself as one of the UK’s most valuable retailers.

According to Reuters data, the online retail giant – which was founded only 17 years ago – reached £5.06 billion in market value at closing last night, exceeding heritage retailer M&S’s £4.89 billion.

Meanwhile, the London Stock Exchange (LSE) estimated Asos’ market cap at £5.048 billion, while M&S was £4.89 billion

The historic moment comes after Asos and M&S were almost on par with each other last weekend, according to Reuters, when Asos was valued at £4.891 billion compared to M&S’s £4.896 billion valuation.

Analysts now predict that the gap between the heritage retailer and young fashion retailer will widen, with Asos set to power ahead in 2018 and possibly overtake Sainsbury’s, which is valued at £5.3 billion and £5.023 billion according to Reuters and LSE respectively.

While a company’s stock market value is an indication of its expected future earnings, when it comes to sales and profits Asos is still behind M&S.

Asos recorded £1.9 billion of sales and £80 million in profit in the year August 31, compared M&S’s £10.6 billion of sales and £176.4 million in profits for its recent fiscal year ending April 1.

https://www.retailgazette.co.uk

  • Share:
gsiino

Previous post

UK retailers try new tactics to bring shoppers to stores
November 30, 2017

Next post

Next and Tesco partner for store-in-store trial
November 30, 2017

You may also like

Senza-titolo-1
The 10 most innovative companies in retail for 2023
2 March, 2023
IKEA-Meta
Ikea teams with Meta and Warpin Reality to launch AR experience in Swedish stores
23 February, 2023
tatcha
Tatcha launches virtual store to promote body care products
16 February, 2023

Leave A Reply Cancel reply

Your email address will not be published. Required fields are marked *

Search News:

News category:

News Archive:

Last News:

Celine Shop-In-Shop Opening – Paris
15Mar2023
Private labels: the future of luxury department stores?
06Mar2023
Euroshop 2023! Top 75 Specialists & Key Highlights
04Mar2023
TOTEME Shop-in-shop in Seoul
03Mar2023
Y-3 opens its first ever store Down Under
03Mar2023

© 2022 Global Retail Alliance | info@gra.world | Privacy Policy