Asos could be hit hard by coming lockdown measures, experts warn
Asos could be hit hard by the second wave of coronavirus lockdowns in the UK, potentially seeing its monumental share price growth reverse, according to experts.
The online fashion giant has seen its share price grow by 37.9 per cent this year, aided by whopping 329 per cent rise in pre-tax profits and 19 per cent boost in sales during the pandemic.
Despite its period of rapid growth and subsequent popularity among investors, some have warned that its target market will soon be disproportionatel
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