Clothing retail giant, Asos has reported its annual sales, in the last one year, to have reached the highest levels. It also announced that it is determined of meeting the expectations of attaining revenues worth £1bn in sales by the end of 2015.

Asos told that it will endow nearly £20m in its business, as it plans to shift from Hemel Hempstead to a bigger site in Barnsley, which covers about 37-acres of land year.

Chairman Lord Alli said, "The entrepreneurial spirit is still very much alive but supported now by more robust operating procedures, expertise and processes, all of which will assist Asos in delivering its ambitious aim”.

Andrew Wade, an Analyst at Numis, appreciated the Group’s plans and said that the new infrastructure will add to the revenues and further growth.

The group’s revenues surged by nearly one third level, reaching £223m in one year, ending March 2010 and the profits jumped by 44% reaching £20.3m.

The sales countered the estimations of the sloth in the customer expenditure, thereby generating higher-than- expected revenues. 

The outcomes were strengthened through Lady Gaga’s advertising campaigns, which triggered rise in the demands.