Business
2021 Capital Markets Day
2021 Capital Markets Day.
About this update from Asos Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 8677R\n ASOS PLC\n 10 November 2021\n \n \n \n \n 10.11.21\n \n \n ASOS\n \n \n 2021 Capital Markets Day\n \n \n ASOS is holding a Capital Markets Day later today for analysts and investors. ASOS will set out how it will deliver on its recently announced medium-term targets, build on that performance over the longer-term, and provide greater detail and disclosure on the business as it stands today. No update on current trading will be provided, nor any material information not contained in this document. \n \n \n Mat Dunn, Chief Operating Officer and CFO, said:\n \n \n \n \n \n \"Today we are setting out the detail behind our plan to significantly increase ASOS' sales and profitability across the medium and longer-term. ASOS has a clear focus on meeting the needs of our consumers, and we have created a winning offer underpinned by our best-in-class customer experience. Our plan will ensure that we fully leverage our strong, scalable global platform to deliver our ambitions.\"\n \n \n Overview\n \n \n \n ASOS' focus is on delivering for fashion-loving 20-something consumers around the world, and the Group sees significant further growth potential with a Total Addressable Market (TAM) of £430bn by 2030 in the UK, US, Europe and core RoW territories.\n \n \n \n \n \n In a presentation led by Mat Dunn, supported by Cliff Cohen (Chief Technology Officer), Jose Antonio Ramos (Chief Commercial Officer), Robert Birge (Chief Growth Officer), and Vanessa Spence (Commercial Design & Visual Director), ASOS will provide updates on:\n \n \n \n \n \n ·\n Platform and capabilities enabling success;\n \n having closed the technology deficit and built its global logistics infrastructure, ASOS now has the foundations in place to support long-term global growth. ASOS will complement its \n unique offer of own and Partner Brands and leading customer proposition with the rollout of its Partner Fulfils model \n \n \n · \n Amplifying ASOS' winning offer;\n \n ASOS own-brands, \n enhanced by the recent acquisition of the Topshop brands, are an important global customer acquisition tool, with 60% of new customers putting an ASOS brand in their basket. ASOS will expand the reach of its brands by continuing to relentlessly improve its fashion credentials. The Group will further im...