Asos is to reduce office space and close warehouses after a fall in sales at Christmas.
The online retailer, which owns the Topshop and Miss Selfridge brands, blamed a 6% fall in sales to £1.6bn over the four months to the end of December on weaker consumer sentiment, Royal Mail strikes and other disruption in the delivery sector, which resulted in earlier cut-off dates for Christmas orders. Turnover in the UK dropped by 8%.
Asos has implemented a £300m cost-saving plan which includes winding down three warehouses in the second half of this year, rationalising office space and removing 35 unprofitable brands from its platform.
