Asos and Boohoo to show gains from lockdown online fashion boom

In October, Asos said its annual profits more than quadrupled to £142.1 million (€157.5m) for the financial year to August as it benefited from lockdown trends.

Online fashion giants Asos and Boohoo are set to reveal further soaring sales growth as shoppers shifted towards their platforms amid lockdown restrictions.

The fast fashion retailers both delivered strong growth following the first lockdown in England as shoppers continued to spend money on clothes despite the closure of high street stores.