ASOS stock slumps as analysts warn profit gains may not offset sales weakness

Core Viewpoint - British online fashion retailer ASOS has warned that its annual revenue will fall below market expectations due to subdued consumer demand and a slow recovery in its fast-fashion business [1] Company Summary - ASOS is experiencing a decline in annual revenue, which is attributed to weak consumer demand [1] - The company is facing challenges in the recovery of its fast-fashion segment, impacting overall performance [1] Industry Summary - The online fashion retail industry is currently facing subdued consumer demand, which is affecting revenue projections for companies like ASOS [1] - The slow recovery in the fast-fashion business indicates broader challenges within the industry, potentially influencing market dynamics [1]