Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Online retailer of 'fast fashion' targeted at 20-somethings, ASOS plc (ASC) has reported slower sales growth for the two months ended 28th February (+26% v. +38% in the prior four months, +35% in the corresponding 2013 period) and updated that investment in warehousing and in its China start-up will reduce full-year EBIT margin. The shares have tanked.
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