ASOS is planning on opening a physical shop to sell discounted clothes to shoppers.
The new boss of Asos told The Sun that the online fashion retailer was exploring all options to get rid of excess stock.
This would be clothes that are out of season that the online retail giant has not been able to shift – which would be put on sale.
Opening a shop would be the first time Asos has opened a physical store in the UK.
José Antonio Ramos Calamonte, who recently took over the running of the business, told The Sun that as well as exploring opening a physical outlet Asos could also start offloading its out of season stock to discount retailers like TK Maxx and flash sale websites.
“We are considering our options”, he said.
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The need to clear stock comes after Asos reported a collapse in profits and it said it would post a loss for the next six months.
Mr Ramos Calamonte also said that Asos had hiked prices this year.
It said the cost of goods had gone up by “mid-single digits”.
Asos isn’t the only retailer to have announced a big shopping shake-up.
Primark has revealed 25 stores will be launching a click and collect service – but it’s just for kids clothes and toys.
The store has also set up a tool online where you can check if your store is offering the service.
Ikea also launched new collection points at Tesco car parks last month.
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Amazon also opened its first UK mini department store in October last year.
Amazon’s 4-star shop — so called because every item is rated four stars or above on its website — sells books, gadgets, toys and more.
