Stock spotlight: Supply chain issues weigh heavy but ASOS still good fit for 'patient investor'

ASOS shed 17.3% of its share price in two days

James Baxter-Derrington
clock • 4 min read
As many rivals up their digital offerings, ASOS will need to work hard to keep growing market share.
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As many rivals up their digital offerings, ASOS will need to work hard to keep growing market share.

Despite an increase in pre-tax profits of 25% over the past year, a combination of senior departures, profit warnings and supply chain issues saw the ASOS share price tumble last week, although investors remain positive on the global online fashion retailer’s outlook.

From market open on Monday 11 October to its close on Wednesday 13 October, ASOS shed 17.3% of its share price, falling from £27.81 to £23. This continued the downward trajectory the firm has been on since...

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