Asos profits plunge in ‘disappointing’ year
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Profits at Asos have plunged after warehouse problems led to what the online fashion retailer said was a “disappointing” year.
Over the last year, Asos has installed more robots in its European warehouses and expanded its facilities in the US.
But the speed of growth hit profits, which dropped almost 70% falling to £33.1m for the year.
“With the benefit of…