UK fast-fashion retailer ASOS misses annual profit expectations

Core Insights - ASOS reported annual adjusted core profit that fell below analysts' expectations, indicating challenges in meeting market forecasts [1] - The British fast-fashion retailer is facing weak consumer demand, which is impacting its financial performance [1] - ASOS is currently focused on cost management and efforts to revive its product offerings, particularly in the lingerie segment [1] Financial Performance - The company's annual adjusted core profit was lower than anticipated, reflecting ongoing struggles in the retail environment [1] - Weak consumer demand has been a significant factor contributing to the disappointing financial results [1] Strategic Focus - ASOS is implementing measures to control costs as part of its strategy to improve profitability [1] - The company is also working on revitalizing its product lines, with a specific emphasis on the lingerie category [1]