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Evening Standard
Evening Standard
Business
Anna Wise

Asos lowers sales outlook amid challenging consumer environment

Asos United States
Asos said sales have increased but it struggled with supply chain problems (Asos/PA) -

Online fashion retailer Asos has warned investors that its yearly sales and earnings will be lower than expected as consumers continue to ease back on spending.

Shares in the company dropped by about a 10th on Tuesday morning following the update.

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