ASOS Shares Surge as Womenswear and App Revamp Drive Profit Turnaround
Shares in ASOS jumped sharply after the British online fashion retailer reported a strong rebound in profitability, with womenswear emerging as a key engine of growth in its turnaround strategy. According to a recent Reuters report, ASOS posted a roughly 50% increase in first-half profit, sending its shares up more than 14% in early trading…
