We continue to work with brands in promoting products that are only exclusively available to buy on ASOS.com, leveraging our scale and first mover advantage to curate a broad and diverse fast-moving product offering, with newness at its heart. Fast fashion has long been bedevilled by accusations of waste and exploitation. You have to double revenues for many years in a row before you get to 160 to 1. The Company's segments include UK, US, EU and RoW. Our cross-functional business response teams continue to closely monitor the situation and respond dynamically to the rapidly changing situation. Their quick and commendable decision-making has impressed me, and I am sure they will emerge from this experience having learned many valuable lessons for the future. During this financial year, our Cyber Security team have continued to enhance our security policies, procedures and security capabilities to reduce the risks associated with confidential data loss, prolonged disruption to our service and ransomware. Sustainability at ASOS focuses on both our products – how we make them and what materials we use – and our business operations – how we get our products to our customers and how we run our Head Office and supply chain network. A data breach response plan is in place for use in a major incident. Internal and/or external assurance review exercises are used to validate progress and project readiness. This increases the risk of the business not having enough stock of either in-house or third-party brands. All new suppliers go through a rigorous selection and on-boarding process and our Procurement team monitor supplier performance on an ongoing basis. In April, we announced additional financing to strengthen our balance sheet and position us for long-term growth. Shopping from: You're in Change The Cyber Security team continuously monitor for any internal or external signs of confidential data loss. Looking ahead to our priorities for 2021, we will continue our progress towards becoming a global leader in online fashion, and we are positioned to capitalise on the accelerated shift in demand for shopping online. The Company sells and offers a range of fashion-related content on ASOS.com. Teens returning fashion purchases to sender costs Asos (originally As Seen On Screen) a large fortune. We consider the entire lifecycle of our products, our use of plastic and packaging, energy usage and procurement, logistics and our wider carbon footprint. FWI is actively championed by our CEO and cascaded through the business, which helps to push forward the agenda internally and drive focus on our ethical standards and corporate responsibility commitments. Having an engaging, exciting customer experience and first-class proposition can only get us so far if the products we sell fall short of our customers’ expectations. Asos PLC is a global fashion destination for a range of things. CIO, CISO and Data Protection Officer (DPO). Mitigation and contingency plans are being put in place to address the key risks in preparation for 31 December 2020, regardless of the outcome. Failure to evolve our business model, enhance our proposition, and be top of mind for our audience in an increasingly competitive environment, could result in ASOS losing opportunity and market share. We maintain close working relationships with suppliers and brands to ensure that we are aware of their specific circumstances and can react quickly should we need to support them or pivot to alternatives. Asos is one of just 200 shares on the London Stock Exchange that have market valuations in excess of £1.0 billion. ... About Groupon Jobs Blog Press Investor Relations Management Team In Your Community. “Return to Sender” made teen and screen idol Elvis Presley a small fortune in 1962. The Business Assurance team facilitate the day-to-day and strategic application of our risk management framework and process by providing a rigorous assessment of risk, while ensuring that the approach is dynamic and engaging to influence our ASOSers. We entered it with the intention of using it both as a reset period for us to get back on track, and also as a priming phase for our next stage of growth, towards delivering world-class, lean and frictionless operations internationally. It’s a place to develop your own style and be inspired… and, of course, to shop. One lesson might be that extraordinary returns take time. First Line: Practical Assurance – day-today risk management within ASOS engaging the breadth of ASOS leadership, including defined accountability through ownership and application of controls and mitigation. We have implemented in-country compliance testing and quality control facilities, with enhanced testing and reporting capabilities and to identify issues at source. We continue to closely monitor the situation for risks, as well as potential opportunities. Data and security requirements are embedded within our Procurement and Legal processes. We continue to drive profitability through natural hedging in local fulfilment currencies. It is packed with investment ideas, news and … Improved technical capacity in our Garment Technology teams, overseen by our product Technical Director, to provide increased surety that the products that we receive from our suppliers meet our product quality standards and expectations before they go on our website. ASOS was the most valuable stock listed on AIM before shares took a considerable knock in December 2018. This means that if there is a failure on their part, we may suffer from a disruption to our operations and overall business. ... Shares is the leading weekly publication for retail investors. Particularly in the UK, USA and Germany (where we have our Fulfilment Centres), our other key trading territories, but also at a global scale. CIO, Chief Information Security Officer (CISO). We have a diverse, multifaceted sourcing and supply chain involving multiple suppliers in multiple locations. For investors, that means there is a lot of uncertainty about which way large-cap stocks like Asos (LON:ASC) will move over the near term. This is to say, investors are selling it as they anticipate the investment case for ASOS is weakening. Asos PLC on Wednesday reported a more-than-tripled pretax profit for fiscal 2020 thanks to higher revenue and tighter cost-control measures adopted amid the coronavirus pandemic. Multi factor authentication (MFA) across ASOS increases our protection against phishing and malware attacks, while cyber awareness campaigns continue to positively engage ASOSers on the topic of cyber security. $35.00 $22.75. The Brexit Steering Committee continues to monitor and assess the outcome of the ongoing negotiations, whilst simultaneously preparing for a Hard Brexit and other outcomes. Some of our sourcing regions, and our dependence on natural commodities to produce our products, are particularly vulnerable to the impacts of climate change. Across our markets, ASOS continues to be an important part of consumers’ lives. The use of a diverse, multifaceted sourcing and supply chain involving many different suppliers across multiple jurisdictions helps spread the risk and make us less dependent on exporting from specific countries and/or over-reliance on key suppliers/brands. Shareholder FAQs Shareholder FAQs – ASOS plc. Alongside improving fiscal performance, we need to drive a transparent, responsible and inclusive approach to business to transform the impact of fashion on people, communities, animals and our shared planet. The Company sells and offers a range of fashion-related content on ASOS.com. Help & Information Help Track Order Delivery & Returns Premier Delivery 10% Student Discount About ASOS About Us Careers at ASOS Corporate Responsibility Investors Site Cyber Security More From ASOS Mobile and ASOS Apps ASOS Marketplace Gift vouchers Black Friday. Undoubtedly, our 2019 financial year was a challenging one for ASOS. We invest significantly in logistics, fulfilment, delivery, marketing, brand and customer experience to ensure our offer is compelling – to keep our existing customers loyal, to re-activate customers and to attract new customers most effectively. They are a strategic partner for promising fashion technology companies around the world. Our assurance and oversight echoes the ‘Three Lines of Defence model’: Specific macroeconomic and geopolitical factors and changes due to geopolitical uncertainty can influence our business, ability to trade across borders and customer behaviours and lead to operational disruptions, diminished customer proposition and impact our overall financial performance. Creating a culture that is risk aware while opportunity driven enables us to continue to move at the pace that we do. Third Line: Independent Assurance – internal and external audit provide independent assurance on our risk management activities and internal controls. Continuous engagement with our supply base encourages a proactive approach to building resilience, for example in addressing waste and energy management.

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