Global online fashion retailer ASOS has revealed a growth in group revenue of 43 per cent over the last year for its third quarter.
The company has revealed total group sales revenue rose to £193,199,000 during its third quarter, concluding on 31 May.
Total UK retail sales grew by 39 per cent during that period to £64,347,000 while US retail sales were £21,255,000, an increase of 59 per cent, leading to an overall growth in retail sales of 45 per cent at £193,613,000.
During the same period the company also opened a dedicated Russian website on 1 May and saw its overall active customers grow to reach 6.5m, with 23,2m unique visitors a month and 12.1m registered users.
Nick Robertson, CEO, added that the company continued to see stronger growth in countries with dedicated websites, notably the United States, France, Germany and Australia and that it anticipated “a small improvement” for the year as a whole.
Meanwhile, Stewart Baxter, director of Mesh Marketing, said that strong results were "a testament to ASOS's continued masterclass in e-tailing."
He added: "ASOS was one of the first to grasp that online fashion retail is not just about convenience, or even good value, it’s also about creating an entertaining and intuitive experience that enables people to enjoy shopping online, via quality images, sharp editorial and the sheer vastness of items on offer.
“ASOS has set the bar when it comes to what we expect from online shopping. It was the first retailer to curate shopping looks from summer wedding outfits to festival fashion and promote them across social media - and now everyone’s at it.
“For now, ASOS is still leading the pack in discovery shopping, combining the massive power of social media and celebrity trends to inspire its fashion fans and draw attention to its lines.
"But with rival brands playing catch up, the challenge for ASOS now is to keep ahead of the pack, set the pace and continue to exercise creativity. Fortunately ASOS has already realised that, just like its customers, in the e-tail market it needs to set trends rather than follow them."