The Basics

What we do

We are a unique online fashion destination visited by millions of twenty-something shoppers and fashion-lovers around the world every day.

We sell our own label and other world-renowned brands at asos.com, and give individuals and boutiques the chance to sell, new and pre-worn fashion, through our Marketplace channel.

And it’s not just about shopping. Our customers use the site’s Fashion Finder section to create and share with each other ideas and inspiration about outfits and trends and to work out their own personal style.

The fashion-focused competitions, games, news and feature articles we publish on asos.com and on mobile apps, or through social networks, are updated daily. They help give our target customers an online experience they won’t find anywhere else on the planet.

Where we are

US

UK

AUSTRALIA

Our headquarters are in Camden, North London. We also have a 24-hour customer care office based in Hemel Hempstead, UK while our central distribution centre is in Barnsley, Yorkshire, UK. From here, we ship to customers in over 190 countries around the world.

In 2012, we opened offices in New York (US) and Sydney (Australia) and in 2013 we opened offices in Lille (France) and Berlin (Germany). Right now, we have satellite warehouses in Australia and the USA to help us process returns.

As we grow internationally we’re considering taking on more space overseas so we can keep stock closer to our customers around the world.

As of February 2013, 65% of our total sales were from outside the UK. 

Our website, asos.com, operates in English, French, German, Italian, Spanish and Russian and accepts payment in 15 currencies.

The Numbers

LIKES

FOLLOWERS
over 1.5m
FOLLOWERS
Leadership
Brian McBride
Nick Robertson
Nick Beighton
Jon Kamaluddin
Kate Bostock
Peter Williams
Karen Jones
Mary Turner
Brian McBride Chairman

Brian joined us from Amazon.co.uk where he was managing director from 2006 to 2011, leading the company through one of its biggest periods of growth and development. He began his career with Xerox and has also worked at IBM, Crosfield Electronics, Madge Networks, Dell Computers and as Managing Director of T-Mobile (UK). Brian is a member of the UK Government’s digital advisory board, which is helping deliver government services to the British people through digital means. He also advises on technology, digital and mobile areas in his role as senior venture partner at Scottish Equity Partners, as non-executive director of the Board of the BBC, and a member of the advisory board of Huawei UK, the UK subsidiary of the Chinese Global Information Technology and Communications provider.

Brian is a Senior Advisor with Scottish Equity Partners, Senior Non-Executive Director at Computacenter PLC, Non-Executive Director on the Board of the BBC, a member of the Advisory Board of Huawei UK, the UK subsidiary of the Chinese Global Information Technology and Communications provider, a member of the Advisory Board of Numis PLC, the leading Investment bankers and stockbrokers, and a member of the Court (Governing Body) of the University of Glasgow.

Brian says: "I believe the company has the platform, proposition and ambition to deliver its vision of becoming the fashion destination for twenty-somethings, globally."

Nick Robertson Chief Executive Officer

Nick co-founded ASOS.com in 2000. His career began in 1987 at the advertising agency Young and Rubicam. In 1991 he moved to Carat, the UK’s largest media planning and buying agency. In 1995 he co-founded Entertainment Marketing, a marketing services business. Nick was awarded an OBE in 2011 for his achievements in the world of fashion retailing.

Nick says: "ASOS is intently focused on winning the online fashion race. Our target market is the global population of twenty-somethings who love fashion – we see our customers and ourselves as being part of the same worldwide fashion community."

Nick Beighton Chief Financial Officer

Nick is a chartered accountant who qualified at KPMG in Nottingham before working out of the Manchester office in transaction services and within the strategic business management group. He joined Matalan in 1999 as head of finance and became business change and IT director ahead of his appointment to the company’s retail board in 2003. In August 2005, Nick joined the board of Luminar entertainment group, as finance director. He was appointed chief financial officer of ASOS in April 2009.

Nick says: "My own shopping habits have changed out of proportion since I’ve worked at ASOS. I find myself browsing asos.com and I buy pieces quite regularly because I enjoy it. I find it quite addictive and quite fun."

Jon Kamaluddin International Director

Jon qualified as a chartered accountant at Arthur Andersen, where he began his career working in corporate recovery. He left to join Marks & Spencer where he spent three years in a number of financial positions including head of finance for the Per Una brand. In 2004, Jon joined ASOS as the company’s finance director. In April 2009 he was appointed international director, a role which required him to accelerate the development and implementation of the international strategy for the business.

Jon says: "With more than 60% of sales now coming from outside the UK, ASOS is firmly established as a global business. To keep our business truly international we operate as quickly and as cost-effectively as possible, wherever we are in the world."

Kate Bostock Trading and Product Director

Kate started her career in fashion design after completing a Diploma in Art & Design at Derby Lonsdale Art College. After 10 years in design, promoting to Design Director in a large manufacturing company, supplying the high street, she joined a mail order business heading up the buying division.

She then moved to Next as Divisional Director for childrenswear, growing the business to number one market share. She moved onto George at Asda as Clothing Director developing the global George brand from a standing start into over 4,000 stores worldwide.

Kate then moved to Marks & Spencer as the Business Unit Director for Womenswear and promoted to Exec Board Director for General Merchandise after 3 years. Kate worked at Marks and Spencer for 8 years before joining ASOS.

Peter Williams Senior Independent Non-Executive Director

As chairman of Blacks Leisure Group Plc from August 2011, Peter led the creation of a turnaround strategy for the business that culminated in its sale to JD Sports Fashion Plc in January 2012. A former chief executive of Selfridges Plc, where he also acted as chief financial officer for over ten years, Peter is currently a member of the Design Council, chairman of Erno Laszlo and non-executive director of Cineworld Group Plc, Sportech Plc and Silverstone Holdings. He has previously served on the boards of EMI Group Plc, JJB Sports Plc, Capital Radio Group Plc and GCap Media Plc. Peter has a degree in Mathematics from Bristol University and is a chartered accountant. He joined the ASOS board in April 2006. He chairs the Audit Committee and sits on the Remuneration Committee.

Karen Jones Non-Executive Director

Karen is the co-founder of Café Rouge and former chief executive of Spirit Group Limited. She also is the founder and chairman of Food & Fuel Limited and a non-executive director of Booker Group Plc, Cofra Holdings AG, Firmenich International and Royal National Theatre Enterprises. She is also a former non-executive director of HBOS Plc, Gondola Holdings Plc and Emap Plc, among others. Karen joined the ASOS board in September 2009 and is the chair of the Remuneration Committee and a member of the Nomination Committee.

Mary Turner Non-Executive Director

Mary is chief executive of AlertMe.com, which has led the way in cloud-based “Smart Energy” services. She was managing director and chief executive officer of Tiscali UK Limited from 2001 to 2009. Prior to joining Tiscali, Mary was chief executive officer of BTLineOne, the joint venture between BT and United News Media, and senior vice-president marketing (Europe) at CompuServe Information Services. She has also held the position of general manager of capital sales at Innovation Group and prior to that, worked in sales and marketing at Avon Cosmetics and Elizabeth Arden. Mary joined the ASOS board in September 2009, and sits on the Audit and Nomination Committees.

Maintaining appropriate standards of corporate governance is essential to the good management of the business. The Board is responsible for ensuring that ASOS lives up to these standards, and monitors our policies to ensure that they are appropriate for the nature, status, size and circumstances of our company.

Role of the Board

The Board is primarily responsible for enhancing shareholder’s interests. It does this by:

  • setting the strategy and direction of the company
  • maintaining appropriate controls to ensure the effective operation of the company
  • approving revenue and capital budgets and plans
  • approving financial statements, material agreements and non-recurring projects
  • determining the financial structure of the Company including treasury and dividend policy
  • overseeing control, audit and risk management
  • setting and monitoring remuneration policies.

All directors are encouraged to challenge and to bring independent judgement to bear on all matters, both strategic and operational.

Read more in the corporate governance section of the annual report.

The Board is supported by Audit, Remuneration and Nomination Committees. Executive directors are not members of these Board committees, although they may be invited to attend meetings. The Committees are responsible for reviewing the effectiveness of their terms of reference, as appropriate, and for making recommendations to the Board for changes where necessary. The minutes of Committee meetings are circulated to all Committee members, and reports on each Committee meeting are given by the Committee chairman to the Board.

Audit Committee

The Audit Committee comprises: Peter Williams, Karen Jones and Mary Turner.

The Committee’s principal responsibilities cover internal control and risk management, external audit (including the independence of the external auditor), internal audit and financial reporting.

Remuneration Committee

The Remuneration Committee comprises: Peter Williams, Karen Jones and Mary Turner.

The Committee is responsible for setting the remuneration and benefits of the executive directors. Our remuneration policy aims to attract, retain and motivate high calibre directors who will create shareholder value. It rewards high performance with high rewards, and does not reward failure.

Nominations Committee

The Nomination Committee comprises: Peter Williams, Karen Jones and Mary Turner.

The Committee's principal responsibility is to evaluate the Board's requirements of directors and senior executives and to ensure that appropriate procedures are in place for their nomination, selection and succession.

Awards
Oracle RetailWeek Awards 2013 Winner

Pure Play Etailer of the Year

Mar 2013
Pay & Benifts Winner

The Most Effective Payroll Giving Scheme

Mar 2013
Institute of Customer Service

Best in UK

Feb 2013
UK Stock Market Awards 2013

Best Retail PLC

Feb 2013
Draper fashion awards 2012

Larger Etailer of the Year and Growing Retailer of the year

Nov 2012
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What were your biggest environmental challenges in 2012?

Our biggest environmental challenge as a rapidly growing business is, by far, how to manage our carbon emissions from customer deliveries. We now deliver over 12 million items per year. Two thirds of ASOS’s carbon footprint is attributable to overseas deliveries, most of it from air freight. We purchase over 3 million kg of packaging annually to help protect our products during transit, so we have a clear responsibility here to use lighter packaging that can also be completely recycled by our customers.

What solutions have you put in place for packaging?

All boxes are made of 100% recycled material and both our boxes and bags have been designed so that customers can reuse them for returns or recycle them. We have increased the recycled content of our plastic delivery bags to 25%. We recycle all bags and boxes returned by customers.

How can we reduce the impact of customer deliveries?

We are currently talking to our suppliers about how they can contribute. Many have programmes in place to reduce their carbon footprints. For example DPD, one of our UK and European carriers, offsets for free, as part of their standard service, all of the emissions generated from ASOS deliveries. Many others are also reducing their own carbon footprints, for example by building new logistic hubs to make better use of energy-saving technology such as solar and wind power.

What are your priorities for 2013?

We want to offer customers ‘drop’ locations such as shops or lockers. This would allow our carriers to drop a number of consignments at a single location instead of taking single parcels to individual home addresses every time. We estimate this could save at least 20,000 single parcel deliveries per year. We are also talking to our UK suppliers about using electric, multi-fuel and fuel saving technology.

Why is ethical trade important for ASOS?

To supply customers with high quality fashion we need a supply chain that is responsive and reliable and which will work collaboratively with ASOS to achieve long-term, sustainable change. At ASOS, ethical trade is a key ingredient of a well-managed supplier or factory. We believe that for suppliers to become more efficient they need to invest in the safety and welfare of their workforce, and we help them to identify ways to do this.

How does the ASOS ethical trade programme benefit workers?

Through our ethical trade programme we hope to make factory owners and managers more aware of the untapped potential of their workers. Our Code of Conduct and Ethical Standards set out the key principles for improving basic rights for workers. Training sessions, site visits and workshops then provide suppliers with more practical advice on how to embed these principles. In particular, the workshops provide a forum for our suppliers and manufacturers to get together to share best practice and learn from each other about the benefits of trading ethically and supporting their workers. We are confident that this approach will help to ensure safer, fairer and more secure employment conditions for people working in manufacturing sites supplying ASOS.

What are the main challenges you face?

Many problems we see in manufacturing sites are relatively easy to fix, for example by providing better health and safety training. The more challenging issues often require collaboration between other retailers, governments, non-governmental organisations and the communities around our manufacturers. These complicated issues vary from country to country but typically include working hours, trade union membership or the payment of living wages.

What about the future?

I am very optimistic about the ability of our internal teams and suppliers to work together to improve working conditions. We have an on-going internal programme to raise awareness among our buying and technical teams, which is helping to embed ethical trading principles into their buying practices. We have a very dedicated supply chain which is now working closely with our regional teams and improvements are already visible. My hope for the future is that we are successful in motivating factories towards exemplary labour standards as part of their own manufacturing excellence and sustainable business programmes and that these principles become second nature.

Why did you sign up to the programme?

I was unemployed at the time and had been trying to get into the fashion industry (and in particular ASOS) for over a year. I had no experience. I hoped the programme would give me a bit more insight into the industry.

What did you most enjoy about the programme?

It was really well rounded. We got to experience a bit of everything, which was massively helpful when we weren’t sure which direction we wanted to take. I found the afternoon with the HR team to be a fantastic opportunity. I was given one-to-one help to tailor my CV.

What did you find challenging?

I think there were some strong personalities in the group, but it helped build up my team skills. By the end of the week everybody had learnt how to work together.

How has the programme helped you progress your career in fashion?

It was massively beneficial. The HR team got to meet me in person rather than over my CV. This led to my first temporary position at ASOS. The programme helped me to rebuild my confidence and that has kept growing since. Everyone who took part in the programme was so encouraging and kind, they really made an effort to engage all of us.

Why did you decide to take part in the scheme?

I wanted to work with young people who needed help and direction in using their CV to get a job. I also thought the experience would improve my team working and presentation skills.

What did you do?

We facilitated a workshop for a group of about ten 16- to 19-year-olds to build their confidence to find work. We gave them exercises that looked at what should go in a CV and conducted mock interviews with them.

Why did you choose to volunteer for The Prince’s Trust?

It’s a well known organisation, and one which I have always thought would be good to get involved with.

What was the highlight of your day?

Making the young people on the course excited about finding work.

Has the experience had any lasting impact?

Yes, and I would definitely do it again.

Why did you decide to take part in the scheme?

It’s nice to be able to take a day to help out with something a little different that also helps the local community.

What did your volunteering day involve?

We took a year 4 class from a local middle school to the London Aquarium.

What charity did you choose to volunteer with?

Kids Co, a charity that provides practical, emotional and educational support to vulnerable inner city children.

What made you choose this charity?

Kids Co has strong ties with ASOS, and I’ve previously worked with them on some of their fashion projects. It was a nice opportunity to volunteer with them for a different part of the charity.

What was the highlight of your day?

The whole day was a blast, but I think the penguin enclosure got the best response from the class. Everybody was very excited!

What lasting impact has the experience had?

It’s just nice to be supported by your company in taking a day to go and help out a school that couldn’t otherwise take such a fun day trip. I’m always impressed by Kids Co, and this was an ace way to get involved again.

What can the fashion industry do to portray a healthy body image?

Stop showing images of perfect, overly-airbrushed, unattainable bodies. Show bodies that are beautiful, aspirational, diverse and real all at once.

Has any progress been made?

The elements of the fashion industry that are really in touch with their customers are beginning to change their approach. But there’s a long way to go before everyone is on board.

What is your advice for ASOS?

You can help people achieve a positive, healthy body image but it takes a long-term commitment. So stay with it!

Why did you decide to come and work for ASOS?

I had shopped on asos.com many times when I saw that there was a reception position available. I was really excited as I loved the site and thought it would be brilliant to work at HQ. As a fun, creative and a growing company I thought it would be a great place to start a long-term career.

How has your career progressed?

I applied for the receptionist role in 2006, when the company was still quite small (about 65 people in HQ). The reception team did a lot of admin, IT, deliveries and generally anything that needed doing or fixing! It was hard work and very fast paced but I loved it as no two days were the same and I learnt a lot of new skills.

As the company grew it became more apparent that we need a dedicated Facilities Team to help run the office. As I was already doing a lot of the facilities work anyway I decided to take on the newly created role of Facilities Co-ordinator - another fast-paced role as we were constantly growing! I was in charge of desk planning, finding new office space etc. It was a great role where I learnt a lot and got to work with lots of different people from right across the business.

In 2010 I moved into another newly created role – Corporate Responsibility Co-ordinator. I had been working on quite a few CR projects while on the Facilities team and had really enjoyed them, so when this role came up I was really excited to about all the new projects we¹d be working on.

What have been your ASOS career highlights?

I was in my early twenties when I started here and I feel like I’ve grown up with ASOS! I’m particularly proud to have been promoted to CR Manager and to have started studying for a degree in International Studies, which is something I would never have had the confidence to do if it wasn’t for the support of ASOS and particularly my manager.

The work we do with the Prince’s Trust is something that I feel very passionate about so I was delighted when one of the participants from our 2011 Get Started with Fashion programme was nominated for the regional Celebrate Success awards and even more thrilled when she won!

How do you see your career developing over the next five years?

I see the CR team expanding which will allow us to take on more exciting projects internationally through the ASOS Foundation. It will be wonderful to have my own team working on our Community programmes.

ASOS Africa launched in 2009 in partnership with SOKO. Three years later in November 2012, amid growing demand for the ASOS Africa label, SOKO opened a new factory, doubling its previous capacity. ASOS's contribution, which met half the cost of the new factory, came from sales of the ASOS Africa collection which were then matched by the ASOS Foundation.

The new factory will not only boost production and provide more employment but will allow SOKO to extend its customer base, providing more opportunities to support development of the local community.

In 2013, we plan to invest in new machinery at the factory, to increase efficiency and manufacturing capacity. This will enable SOKO to grow their business with other clients as well as hasten the time it takes for ASOS collections to reach the market.

I get to work just before 9am, turn on my PC and first thing’s first – tea! Once I’ve got my brew I can focus on the influx of emails in my inbox. I spend the first hour making my way through these while listening to the last hour of Chris Moyles on Radio One, a must.

We receive lots of boutique applications a day and we look through any new ones that have come through. We have to check that the imagery is suitable for the site and follows the guidelines.We also need to make sure boutique owners are making the most of the features they have access to and what they need to do to be featured on the homepages.

We are currently spending a large chunk of the day scouting for new boutiques both on and off line. We visit markets and shows, keep a beady eye on ASOS Fashion finder, scour blogs and find some really exciting prospective sellers. We went international in September (bonjour, hola, ciao and all that) so we are finding some really amazing international bloggers with beautiful clothes to sell. 

We use social media quite a bit to keep in contact with our boutiques, following them on Facebook and chatting via Twitter helps us to feel connected to them and them to us and reminds them that there are actual real people on the other end.

We aren’t just about boutiques; we have thousands of basic sellers so we are working on ways to increase awareness that ASOS Marketplace is also a platform for wardrobe recyclers in a pure fashion format.

We love meeting our sellers so will always do our best to make it to any events they are running or attending. It’s fair to say that this isn’t necessarily a Monday – Friday, 9 – 5, but that’s what we love. You have to be flexible as the days are so different and sometimes there will be a launch in the evening or a fair on the weekend. But, you know what, when you enjoy what you do, it doesn’t feel like work!

The only downside to my role is that somehow, don’t ask me how, at least 5 new items get added to my basket a day!

What were your main highlights of 2012?

Of our many success stories, I am particularly proud that we’ve been able to help fund a new SOKO factory in Kenya to keep pace with the demand for our sell out ASOS Africa range.

Our employees have helped ASOS become one of the first companies to be awarded a platinum quality mark for our Payroll Giving programme, and we were recognised at the RSPCA Good Business Awards for the launch of our animal welfare programme and membership of the Fur Free Alliance earlier in the year.

As part of a business-wide focus on responsible sourcing last year, we expanded our Ethical Trade team in the UK and overseas, enabling us to really embed our ethical trade programme. As a result, the Ethical Trading Initiative gave our second annual report submission to them an ‘Achiever’ rating.

And I’d just like to mention two of my personal favourites – hearing that young unemployed people who attended our Prince’s Trust ‘Get Started with Fashion’ courses went on to secure themselves jobs and apprenticeships, and about our partnership with the local community in Grimethorpe, the home of our new fulfilment centre in Yorkshire, where we upgraded sports facilities and ran a summer football school for local children.

What were some of the biggest challenges ASOS faced last year?

I would like to have seen a bigger reduction in our carbon emissions overall.

The huge increase in overseas orders, whilst great for the business, means we are constantly being challenged to find new and more effective ways to minimise the impacts of customer deliveries.

We’re also beginning to make inroads into improving the sustainability of materials used in our main ranges – changing from one type of fabric to another is actually an extremely complex process, particularly in the context of a fast-moving business where up to around 2,000 products go live on the site each week.

What are your priorities for 2013?

We have many! Tackling emissions from customer deliveries is one of the most important. To this end, we’ll be working closely with our delivery partners to be as carbon efficient as possible and discussing how to produce our own renewable energy supplies.

We want to expand our Ethical Trade team further, so we can give more support to our suppliers to achieve and maintain our responsible sourcing standards. And helping our internal teams produce more sustainable ranges is another high priority. We hope to provide them with educational resources and roll out an awareness-raising programme this year.

I am also very keen that we use our influence in the fashion industry in 2013 to promote more responsible and healthy body images, following the work we did in 2012. We also have big plans in the area of community development in Kenya and India, supported by the ASOS Foundation.

Finally, we’re ready to start communicating our progress on Fashion with Integrity more widely, with our first submission to the UN Global Compact later in the year.

17.5m 65,000 2.2million 1.5million 450K 550K 60%