ASOS Reports Better Performance and Seeks Tariff Refunds
ASOS shares rose over 10 percent today after the retailer reported improved growth and new customer gains. The company is also seeking 7 million pounds in refunds.
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ASOS PLC reported a notable improvement in its third-quarter performance, signaling a potential turning point for the United Kingdom based online fashion retailer. The company announced it is actively pursuing refunds totaling 7 million pounds ($9.44 million) for tariffs paid in the United States during the first half of the year. This move follows a legal precedent set by the U.S. Supreme Court in February, which deemed certain sweeping levies illegal, prompting thousands of global firms to seek duty recoveries.
