Smartphone with an ASOS app and a keyboard are seen in front of a displayed ASOS logo in this illustration picture taken October 13, 2020. REUTERS
April 23 (Reuters) – ASOS said on Thursday that it has begun seeking refunds for U.S. tariffs paid during the first half of the year, as the British fashion retailer pursues a margin-focused turnaround plan to revive demand.
The company said it paid 7 million pounds ($9.44 million) in International Emergency Economic Powers Act (IEEPA) tariffs.
Reporting by Yamini Kalia in Bengaluru; Editing by Subhranshu Sahu