ASOS slumps after warning on revenue shortfall, profit to hit low end of guidance
NegativeFinancial Markets

ASOS has issued a warning about a significant revenue shortfall, indicating that its profits are expected to hit the lower end of its guidance. This news is concerning for investors and stakeholders as it reflects potential challenges in the retail sector, particularly for online fashion sales. The company's struggles could signal broader issues in consumer spending and market competition, making it a critical moment for ASOS and its future performance.
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