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Asos sales drop 8%; fast-fashion retailer attempts turnaround

Asos Plc sales fell and its loss grew in the first half as the British online retailer tried to cut inventory and excessive discounting. Asos sales dropped by 8% in the six months through February. Operating losses widened to £272.5 million ($344 million), according to a May 10 statement. CEO Jose Antonio Ramos Calamonte said […]

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