LONDON (Reuters) - British online fashion retailer ASOS ASOS.L is anticipating a highly promotional trading period in the run-up to Christmas this year, its boss said on Wednesday.
“We’re...expecting it to be a very promotional period from now on in, starting at Halloween,” CEO Nick Beighton told Reuters after ASOS reported annual results.
He also said ASOS was assuming a no deal outcome in Britain’s future trading relationship with the European Union.
“If there is a Brexit deal with tariffs we would have to suck up a substantial amount of operating cost,” he said.
Reporting by James Davey; editing by Sarah Young
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