18-07-2019 10:19 via theguardian.com

Asos issues second profit warning in seven months as shares fall

Online fashion retailer blames glitch in rollout of European and US automated warehouses Asos suffered a fresh share price collapse after the online fashion retailer blamed IT chaos in its overseas warehouses for a second profits warning in seven months.Analysts said investors were losing confidence in the former stock market star after a disastrous IT upgrade in Germany and stock problems in the US. The company has lost 60% of its value after a profit alert in December and another update in Mar
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