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Money News

Britain's ASOS removes charges for Marketplace sellers until year-end

A keyboard and a shopping cart are seen in front of a displayed ASOS logo in this illustration picture taken October 13, 2020. REUTERS/Dado Ruvic/Illustration

LONDON (Reuters) - British online fashion retailer ASOS said on Thursday it will not charge sellers on its ASOS Marketplace platform for small businesses any commission until the end of the year to help get them through the COVID-19 crisis.

ASOS Marketplace, launched in 2020, is home to over 1,200 brands from around the world and over 160,000 products, supplied by vintage and independent providers.

“We recognise that the impact of COVID-19 will continue for some time and we are committed to continuing to support our boutique partners as they adapt and evolve their operations into peak trading,” said Jo Hunt, head of ASOS Marketplace.

Last month ASOS reported a quadrupling of 2019-20 profit on the back of strong demand during the pandemic.

Reporting by James Davey, Editing by Paul Sandle

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