Ecommerce News reports that online fashion retailer ASOS has required Topshop, Topman, Miss Selfridge and HIIT, all brands from Arcadia. This is a retail group that fell into administration at the end of last year. ASOS will take over the brands as well as the stock, but it will not take on the physical stores. At the end of November 2020, Arcadia fell into administration.
Partnership will allow the online fashion retailer to increase customer conversion at lower cost and satisfy entire payment needs across global markets. APEXX Global (”APEXX”), the leading global payments platform, is pleased to announce it has agreed a partnership with ASOS, one of the world’s leading online fashion retailers. APEXX has launched as ASOS’ Payments
ASOS, one of the world’s leading online fashion retailers, announced the strengthening of its third-party brand engagement program with four new commitments required for brands sold on ASOS that manufacture in the United Kingdom. ASOS has asked brands to commit to taking the following steps by the end of the year: Signing the Transparency Pledge, joining ASOS, H&M,
ASOS presented its financial and operating results, which did not live up to expectations this year. The company undertook a huge investment in transitioning itself into a business with a scale and operational capability in both Europe and the United States. It turned out to be more challenging than ASOS foresaw. Transforming the company In its press release, ASOS states that
The UK online fashion retailer Asos is done with customers who turn out to be serial returners. The company does not want customers who purchase clothing, wear it and then return them. Next to this, they are threatening to deactivate the accounts of customers who order and return many more items than ‘the most loyal Asos customer would’ as well. Wearing and returning is a