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Asos expects sales slump to continue as it is hit by near £300m loss

Asos expects sales slump to continue as it is hit by near £300m loss

Analysts fear online fashion retailer will need to raise more cash, possibly through sale of Topshop brandAsos has warned sales will continue to fall in the year ahead – by much as 15% – after delayed results revealed it slumped to a near £300m annual loss.Analysts have expressed fears that the online fashion site will need to raise new cash – potentially through the sale of its Topshop brand – with net debt including leases now at £648.5m, up from £533m a year before.

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