Monday, 15 October 2012

Delivery pricing - an afterthought

I've just been reading the latest Asos plc accounts. And in the small print, I found this gem:

"From 1 April 2011, the Group has reclassified delivery costs from cost of sales to operating expenses to reflect their increasing deployment as a marketing expenditure. Prior year comparatives have been reclassified accordingly."

Great advice from an online retailing star!

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