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Asos Sees Disappointing First Half as it Works to Improve Operations

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British fashion e-tailer Asos swung to the red in the fourth quarter—mostly due to investments to improve operations—though kept full year guidance due to positive expectations from a new merchandise mix, improvements to enhance efficiencies, and growth in the U.S. market. In a Nutshell: Nicholas Beighton, chief executive officer, told investors and analysts in a…

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