Britain's ASOS shows recovery with Christmas sales beat
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LONDON (Reuters) - British online fashion retailer ASOS beat analysts' expectations for sales growth in the key Christmas trading period, indicating that management has addressed the operational issues that plagued it in 2019.ASOS, which sells fashion aimed at 20-somethings, said on Thursday its retail sales rose 20% to 1.075 billion pounds ($1.41 billion) in the four months to Dec. 31. That compares to analysts' expectations of growth of around 15%.While gross margin fell 170 basis points,..