Asos issues shock profit warning after November downturn

Online fashion retailer hit by ‘significant deterioration’ in run-up to ChristmasAsos has issued an unexpected profit warning after a poor November, becoming the latest retailer to be hit by weak consumer confidence, increased discounting and unusually mild weather.The downturn suggests the high street malaise is spreading to online retailers, with consumers worried about what Brexit will mean for their finances. Related: Brexit worries and bad weather cloud the Christmas high street