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.
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This would be clothes that are out of season, that the online retail giant has not been able to shift.
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.
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 said that Asos had raised prices by “mid-single digits” this year.
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