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ASOS.com

ASOS plc(/ˈeɪsɒs/AY-soss)[1]is a British online fashion and cosmetic retailer. The company was founded in 2000 in London, primarily aimed at young adults.[2]The website sells over 850 brands as well as its own range of clothing and accessories, and ships to all 196 countries from fulfilment centres in the UK, US and Europe.[2]

Despite deprecating its original meaning (AsSeenOnScreen[3]), ASOS is still written as an uppercase acronym; the exception to the rule is the new logo designed by Ben Lewin in 2008, where it is stylistically shown all in lower case.

ASOS’ headquarters are in Camden Town, at Greater London House with additional offices in Paris, New York, Berlin and Birmingham. As of 2013, their main fulfilment centre is in Barnsley, South Yorkshire, where they employ 3,000 workers.[4][5]The customer care department is based in Leavesden, nearWatford, in southwest Hertfordshire.[6]

ASOS plc
Asos.svg
Type
Public
Traded as LSE: ASC[31]
Industry
Founded 3 June 2000 (2000-06-03)
Headquarters London, England, United Kingdom
Key people
  • Adam Crozier (Chair)
  • Nick Beighton (CEO)
  • Anders Holch Povlsen (27% stake)
Products
  • Clothes
  • Shoes
  • Accessories
  • Beauty
Revenue Increase£2.4 billion (2018) article[32]
Number of employees
4,386 (2018) statistics[33]
Subsidiaries ASOS.com Limited
Website asos.com[34]
asosplc.com[35]

History

2000–2004: Founding and listing

ASOS was established on 3 June 2000, by Nick Robertson,[4]Andrew Regan[7]and Quentin Griffiths. In 2001, ASOS was admitted to the Alternative Investment Market (AIM) on the London Stock Exchange.[8]In 2003, ASOS shareholders agreed to change the names of AsSeenOnScreen Holdings PLC and AsSeenOnScreen Limited to ASOS plc and ASOS.com Limited. In 2004, the company reported a maiden profit, with sales almost doubling in its first half.[9]In 2004, ASOS introduced their own label for women’s clothing.[9]

2005–2012: Development

In 2005, the Buncefield Fuel Depot explosion led to the closure of the business for six weeks and £5m of stock was lost.[10]In 2008, ASOS debuted kidswear on its site, however the branded market subsequently suffered declines at the expense of fast-growing own-label kidswear offers. In 2010, ASOS announced it would no longer offer kidswear, to concentrate on its core young adult fashion market.[11]

In the final quarter of 2010, ASOS launched three international online shops in France, Germany and the US. In September 2011, they launched three more sites in Australia, Italy and Spain.[12]In 2012, ASOS opened its first international office in Sydney, Australia, followed by an office in New York.[13]Later on, the company launched its first drama-game show series, called#DIGIDATING, starring AJ Odudu. It was billed as an Internet dating show with backstage drama.[14]

2013–present: Global expansion

In 2013, ASOSs opened its first office outside the South East, in Birmingham.[15]Later in 2013, ASOS recalled belts contaminated with radioactive cobalt-60,[16]ASOS Russia and China were launched in the same.[4]In 2014, a fire in their Barnsley warehouse caused them to stop taking orders for almost three days.[17][18]In 2015, ASOS has over 4,000 employees and is the UK’s largest independent online and fashion beauty retailer.[19]During the 2014 Formula One season, ASOS was a sponsor of the McLaren Formula One team.[20][21]

In September 2016, an investigative report from Buzzfeed News alleged poor working conditions at ASOS’ warehouse. However, company spokespersons contended that the isolated complaints reported in the Buzzfeed article were not reflective of the general working conditions there.[22]

In 2017, workers continued to report that they often worked without regular breaks.[23]

In April 2019, ASOS informed its clients through email that the company is looking into ways of changing its easy returns policy, after research showed customers manipulating the easy return process and the company admitted that the previous return policy was environmentally costly.[24]

Digital marketing

In November 2009, ASOS claimed a ratio of one Twitter follower to eight Facebook fans to 100 active e-mail subscribers. Their 2008 report pointed out that nearly 10% of sales could be directly attributed to email marketing.[25]

In 2017 ASOS launched a campaign intended to take full advantage of the ‘Instagram Stories’ feature, encouraging users to upload videos of purchased ASOS products. 3 million people interacted with the video in the UK.[26]ASOS uses the #AsSeenOnMe hashtag and any use of the hashtag adds the photos to an ASOS online database.[27]

As of March 2018 A mobile app which has been downloaded 10 million times allows users to upload images of clothing they like and the app will then suggest matching or similar items that the company stock. ASOS claims that in the UK 58% of purchases happen on mobile devices.[28]

References

[1]

Citation Linkwww.webcitation.orgWang, Connie; Marinelli, Gina (19 March 2012). “29 Of Fashion’s Biggest Mysteries, Solved!”.Refinery29. Archived from the original on 7 April 2012. Retrieved 7 April 2012.

Sep 24, 2019, 10:45 AM
[2]

Citation Linkwww.asos.com“About ASOS”. ASOS.com. Retrieved 1 November 2015.

Sep 24, 2019, 10:45 AM
[3]

Citation Linkwww.asos.com“From AsSeenOnScreen the world’s number one fashion destination for 20-somethings”.ASOS.com. Archived from the original on 29 May 2015. Retrieved 29 May 2015.

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[4]

Citation Linkwww.wwd.comYoung, Vicki M. (30 October 2013). “WWD CEO Summit: Asos.com’s Nick Robertson Looks to the Future”. WWD. Retrieved 1 November 2013.

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[5]

Citation Linkweb.archive.orgASOS sees significant growth Archived 29 May 2016 at the Wayback Machine OneHydra

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[6]

Citation Linkwww.watfordobserver.co.uk“ASOS office building fit for ‘Millennial’ robotic generation wins office awards”.Watford Observer. Retrieved 3 July 2018.

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[7]

Citation Linkwww.thetimes.co.ukhttps://www.thetimes.co.uk/article/city-puts-on-its-best-to-greet-asos-successor-v2nx5sr5ss7

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[8]

Citation Linkwww.thetimes.co.ukRichard Fletcher (6 June 2014). “Darling of the dotcoms was a born survivor”.The Times. thetimes.co.uk/. Retrieved 1 July 2014.

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[9]

Citation Linkfashion.telegraph.co.uk“The timeline of ASOS.com – Telegraph”.fashion.telegraph.co.uk. Retrieved 22 March 2018.

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[10]

Citation Linkwww.growingbusiness.co.ukCard, Jon. “Growing Business Success Stories – ASOS”. Growingbusiness.co.uk. Archived from the original on 27 December 2010. Retrieved 23 February 2014.

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[11]

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[12]

Citation Linkwww.telegraph.co.uk“ASOS profits jump 41pc on international expansion”.The Daily Telegraph. London. 2 June 2011.

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[13]

Citation Linkwww.theguardian.comKollewe, Julia (5 June 2014). “Asos timeline: from tiny startup to dressing Michelle Obama”.The Guardian– via www.theguardian.com.

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[14]

Citation Linklikes.asos.com“Archived copy”. Archived from the original on 1 March 2016. Retrieved 11 February 2016.CS1 maint: archived copy as title (link)

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[15]

Citation Linkwww.birminghampost.co.ukEnda Mullen (1 April 2013). “Fashion chain ASOS opens up in Birmingham”. Birminghampost.co.uk. Retrieved 23 February 2014.

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[16]

Citation Linkwww.theguardian.comSimon Neville (27 May 2013). “Asos pulls belts in radioactive scare”.The Guardian. Retrieved 3 June 2014.

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[17]

Citation Linkwww.telegraph.co.ukScott Campbell (21 June 2014). “ASOS fashion warehouse “badly damaged” in fire”. The Telegraph. Retrieved 21 June 2014.

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[18]

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[19]

Citation Linkwww.businessoffashion.com“ASOS”. Business of Fashion. Archived from the original on 21 August 2015. Retrieved 21 August 2015.

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[20]

Citation Linkautoracesponsor.co.uk“ASOS join McLaren sponsors for Australian GP”.autoracesponser.co.uk. Archived from the original on 7 October 2014. Retrieved 1 October 2014.

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[21]

Citation Linkwww.thefactshop.com“The History of ASOS”.thefactshop.com. 29 September 2016. Retrieved 19 March 2018.

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[22]

Citation Linkwww.buzzfeed.comSpary, Sara; Silver, Laura (16 September 2016). “The Real Cost of Asos’s Fast Fashion”. buzzfeed.com. Retrieved 30 September 2016.

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[23]

Citation Linkwww.theguardian.comButler, Sarah (4 April 2017). “Asos chief says warehouse conditions are ‘great’ despite complaints”.The Guardian. Retrieved 18 September 2018.

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[24]

Citation Linkwww.vox.comJennings, Rebecca (11 April 2019). “Returning online purchases is getting harder. That’s a good thing”.Vox. Retrieved 23 April 2019.

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[25]

Citation Link//doi.org/10.1080%2F02672571003612192Chaffey, Dave (2010). “Applying organisational capability models to assess the maturity of digital-marketing governance”.Journal of Marketing Management. 26:3–4 (3–4): 187–196. doi:10.1080/02672571003612192.

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[26]

Citation Linkwww.creativereview.co.uk“Great Work: ASOS on Instagram Stories”.Creative Review. 18 December 2017.

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[27]

Citation Linkwww.marketingweek.comHobbs, Thomas (20 March 2017). “Asos on why digital must be a balance between mass reach and targeting”.Marketing Week.

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[28]

Citation Linkdigiday.comMilnes, Hilary (14 August 2017). “How Asos gets 58 percent of customers to buy on mobile”.digiday.com.

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[29]

Citation Linkwww.asos.comOfficial website

Sep 24, 2019, 10:45 AM
[30]

Citation Linkasosplc.comOfficial website of company

Sep 24, 2019, 10:45 AM
[31]

Citation Linkwww.londonstockexchange.comASC

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[32]

Citation Linkwalbrockresearch.comarticle

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[33]

Citation Linkcitywire.co.ukstatistics

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[34]

Citation Linkasos.comasos.com

Sep 24, 2019, 10:45 AM
[35]

Citation Linkasosplc.comasosplc.com

Sep 24, 2019, 10:45 AM
[36]

Citation Linkwww.refinery29.com“29 Of Fashion’s Biggest Mysteries, Solved!”

Sep 24, 2019, 10:45 AM
[37]

Citation Linkwww.webcitation.orgArchived

Sep 24, 2019, 10:45 AM
[38]

Citation Linkwww.asos.com“About ASOS”

Sep 24, 2019, 10:45 AM
[39]

Citation Linkweb.archive.org“From AsSeenOnScreen the world’s number one fashion destination for 20-somethings”

Sep 24, 2019, 10:45 AM
[40]

Citation Linkwww.asos.comthe original

Sep 24, 2019, 10:45 AM
[41]

Citation Linkwww.wwd.com“WWD CEO Summit: Asos.com’s Nick Robertson Looks to the Future”

Sep 24, 2019, 10:45 AM
[42]

Citation Linkwww.onehydra.comASOS sees significant growth

Sep 24, 2019, 10:45 AM
[43]

Citation Linkweb.archive.orgArchived

Sep 24, 2019, 10:45 AM
[44]

Citation Linkwww.watfordobserver.co.uk“ASOS office building fit for ‘Millennial’ robotic generation wins office awards”

Sep 24, 2019, 10:45 AM
[45]

Citation Linkwww.thetimes.co.ukhttps://www.thetimes.co.uk/article/city-puts-on-its-best-to-greet-asos-successor-v2nx5sr5ss7

Sep 24, 2019, 10:45 AM
[46]

Citation Linkwww.thetimes.co.uk“Darling of the dotcoms was a born survivor”

Sep 24, 2019, 10:45 AM
[47]

Citation Linkfashion.telegraph.co.uk“The timeline of ASOS.com – Telegraph”

Sep 24, 2019, 10:45 AM
[48]

Citation Linkweb.archive.org“Growing Business Success Stories – ASOS”

Sep 24, 2019, 10:45 AM
[49]

Citation Linkwww.growingbusiness.co.ukthe original

Sep 24, 2019, 10:45 AM
[50]

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Sep 24, 2019, 10:45 AM
[51]

Citation Linklilyheritage.co.ukthe original

Sep 24, 2019, 10:45 AM
[52]

Citation Linkwww.telegraph.co.uk“ASOS profits jump 41pc on international expansion”

Sep 24, 2019, 10:45 AM
[53]

Citation Linkwww.theguardian.com“Asos timeline: from tiny startup to dressing Michelle Obama”

Sep 24, 2019, 10:45 AM
[54]

Citation Linkweb.archive.org“Archived copy”

Sep 24, 2019, 10:45 AM
[55]

Citation Linklikes.asos.comthe original

Sep 24, 2019, 10:45 AM
[56]

Citation Linkwww.birminghampost.co.uk“Fashion chain ASOS opens up in Birmingham”

Sep 24, 2019, 10:45 AM
[57]

Citation Linkwww.theguardian.com“Asos pulls belts in radioactive scare”

Sep 24, 2019, 10:45 AM
[58]

Citation Linkwww.telegraph.co.uk“ASOS fashion warehouse “badly damaged” in fire”

Sep 24, 2019, 10:45 AM
[59]

Citation Linkwww.currentlydown.com“ASOS status monitoring”

Sep 24, 2019, 10:45 AM
[60]

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Sep 24, 2019, 10:45 AM
[61]

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[62]

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Sep 24, 2019, 10:45 AM
[63]

Citation Linkautoracesponsor.co.ukthe original

Sep 24, 2019, 10:45 AM
[64]

Citation Linkwww.thefactshop.com“The History of ASOS”

Sep 24, 2019, 10:45 AM
[65]

Citation Linkwww.buzzfeed.com“The Real Cost of Asos’s Fast Fashion”

Sep 24, 2019, 10:45 AM
[66]

Citation Linkwww.theguardian.com“Asos chief says warehouse conditions are ‘great’ despite complaints”

Sep 24, 2019, 10:45 AM
[67]

Citation Linkwww.vox.com“Returning online purchases is getting harder. That’s a good thing”

Sep 24, 2019, 10:45 AM
[68]

Citation Linkdoi.org10.1080/02672571003612192

Sep 24, 2019, 10:45 AM
[69]

Citation Linkwww.creativereview.co.uk“Great Work: ASOS on Instagram Stories”

Sep 24, 2019, 10:45 AM
[70]

Citation Linkwww.marketingweek.com“Asos on why digital must be a balance between mass reach and targeting”

Sep 24, 2019, 10:45 AM
[71]

Citation Linkdigiday.com“How Asos gets 58 percent of customers to buy on mobile”

Sep 24, 2019, 10:45 AM
[72]

Citation Linkwww.asos.comOfficial website

Sep 24, 2019, 10:45 AM
[73]

Citation Linkasosplc.comOfficial website of company

Sep 24, 2019, 10:45 AM
[74]

Citation Linken.wikipedia.orgThe original version of this page is from Wikipedia, you can edit the page right here on Everipedia.Text is available under the Creative Commons Attribution-ShareAlike License.Additional terms may apply.See everipedia.org/everipedia-termsfor further details.Images/media credited individually (click the icon for details).

Sep 24, 2019, 10:45 AM