ASOS warns of $200 million hit from Atlanta distribution centre …
3 days ago · Britain's ASOS Plc flagged a one-time impairment charge exceeding $200 million in fiscal 2025 due to the "mothballing" of its Atlanta distribution centre on Wednesday, as the online fashion ...
Asos to Scrap Atlanta Distribution Site in Bid to Curb Costs
3 days ago · Asos Plc said it will scrap its Atlanta distribution center as the struggling UK online fashion retailer seeks cost savings.. American customers will be served from Asos’s automated fulfillment ...
British online retailer Asos expects 190 million pound loss from ...
2 days ago · In addition, Asos said it will work with logistics partners to redeploy hundreds of employees from Atlanta to nearby locations. The move means Asos expects to see a one-off drop of around 190 million pounds in reported profits in fiscal 2025, and then cut profits by between £10 million and £20 million annually from fiscal 2026.
ASOS warns of $200 million hit from Atlanta distribution centre …
3 days ago · ASOS intends to market the Atlanta site - seven employees will be offered new roles if possible, and many third-party logistics workers will be given opportunities at nearby locations, the company said. The firm, which opened a local U.S. office in 2024, said it will continue to grow and build its local presence. ($1 = 0.8193 pounds)
ASOS shutters US warehouse as part of cost-saving turnaround plan
2 days ago · Asos has announced a £200 million one-off impairment charge after deciding to mothball its major US warehouse near Atlanta, Georgia, in a move designed to cut costs and boost profitability. Later this year, the online fashion retailer’s American customers will be served from its automated UK distribution centre in Barnsley and a smaller ...
ASOS to shut major Atlanta distribution centre, stresses …
3 days ago · ASOS will also roll out Partner Fulfils in the US in FY25, whereby products are shipped directly by brands, “further broadening the breadth and depth of the best product from our partner brands”. The Atlanta site’s mothballing will see the company formally marketing the facility following the completion of the multi-year warehouse ...
Asos mothballs its US warehouse in cost-cutting drive
3 days ago · Asos has warned of a £200 million one-off impairment charge as it mothballs its US warehouse in Georgia in an attempt to cut costs and restore profitability. ... The closure of the warehouse in Union City, near Atlanta, is expected to boost pre-tax earnings by £10 million to £20 million from 2026 but result in a £190 million impairment this ...
ASOS to close Atlanta site as US distribution streamlined
3 days ago · ASOS PLC (LSE:ASC) has unveiled plans to shut its Atlanta distribution centre in the US under wider efforts to boost profitability. US customers will be served by ASOS’ automated UK fulfilment centre in Barnsley, a smaller local site and partners, the online clothing retailer announced on Wednesday.
Asos to fulfil US orders from the UK shuttering Atlanta DC
3 days ago · Asos plans to “mothball” its Atlanta distribution centre in the second half of this year, with US orders processed by its UK operations, as the etailer looks to lower costs. Its automated UK fulfilment centre in Barnsley will be used for US customer orders, with a smaller, “more flexible” local US site also harnessed. ...
Asos to close US warehouse amid efforts to streamline operations
3 days ago · Asos will "mothball" its Atlanta distribution centre in its second half and will formally market the site following the completion of a multi-year warehouse automation project.
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