Online fashion retailer shares fall on delays in US

Online fashion retailer Asos said its new US warehouse struggled to cope with demand in its latest quarter, hitting sales there and adding to challenges in France and Germany. The news was the latest setback for the one-time market darling following a shock profit warning in December and sent its shares down as much as 13%.

Chief executive Nick Beighton said the company’s US performance was behind plan because higher-than-expected demand at its new facility in Atlanta caused a significant despatch backlog, which had now been cleared.