ASOS shutters US warehouse as part of cost-saving turnaround plan

Jan 16, 2025 · Asos to close its main US warehouse in Georgia, taking a £200m impairment charge to boost profitability. ... ASOS shutters US warehouse as part of cost-saving …

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ASOS Shutters US Warehouse As Part Of Cost-saving Turnaround Plan

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Jan 16, 2025 · Asos to close its main US warehouse in Georgia, taking a £200m impairment charge to boost profitability. ... ASOS shutters US warehouse as part of cost-saving …

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Asos To Shut US Warehouse Amid Turnaround Efforts - MSN

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In November, the group revealed it slumped deeper into the red with pre-tax losses of £379.3 million for the year to September 1, against losses of £296.7 million the previous year.

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Asos To Move US Operations To Barnsley As They Shut America …

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Asos is anticipating a boost to its pre-tax earnings of between £10 million and £20 million from 2025-26, thanks to changes in its warehouse operations.

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Asos Plans To Close US Warehouse And Handle Orders In Barnsley

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Asos boss Jose Antonio Ramos Calamonte is leading a major turnaround programme, designed to return it to profitability after a 16 per cent plunge in sales to £2.9bn over the year, but he …

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Asos Mothballs Its US Warehouse In Cost-cutting Drive

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The closure will save up to £20 million a year but signals a retreat from ambitious growth plans

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Asos Closes US Warehouse To Cut Costs And Boost Profitability

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Jan 20, 2025 · Asos has decided to close its major US warehouse near Atlanta, Georgia, resulting in a £200 million one-off impairment charge. The move aims to cut costs and increase …

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ASOS Shutters US Warehouse As Part Of Cost-saving Turnaround Plan

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Business Daily 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 …

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ASOS Shutters US Warehouse As Part Of Cost-saving Turnaround Plan

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Jan 16, 2025 · ASOS shutters US warehouse as part of cost-saving turnaround plan. by January 16, 2025. by January 16, 2025 0 comment. Asos has announced a £200 million one-off …

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ASOS Shutters US Warehouse As Part Of Cost-saving Turnaround Plan

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Jan 16, 2025 · 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 …

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FAQs about ASOS shutters US warehouse as part of cost-saving turnaround plan Coupon?

Will ASOS close its US warehouse in Georgia?

Online fashion firm Asos has revealed plans to close its US warehouse in Georgia as part of an ongoing turnaround. The group said it will “mothball” its distribution centre in Atlanta and sell the site, instead handling US orders from its warehouse in Barnsley, South Yorkshire, as well as a smaller, “more flexible” local site in the US. ...

Will ASOS return to profitability?

As part of a major turnaround programme led by boss Jose Antonio Ramos Calamonte, the company aims to return to profitability and reverse its recent sales decline. In November, Asos reported pre-tax losses of £379.3 million for the year ending September 1, a significant increase from the previous year's losses of £296.7 million. ...

How will ASOS move to the US?

The group said it will “mothball” its distribution centre in Atlanta and sell the site, instead handling US orders from its warehouse in Barnsley, South Yorkshire, as well as a smaller, “more flexible” local site in the US. The move will impact seven staff directly employed by Asos in the US and “several hundred” employed by logistics partners. ...

How will ASOS' new product offerings impact US customers?

The group added the changes will “offer Asos’s US customers an enhanced product offering, including a broader assortment and faster speed to market of the best and most exciting product, while offering competitive delivery speeds and lowering the total fulfilment cost per order”. ...

How will warehouse changes affect ASOS' pre-tax earnings in 2025-26?

The group expects a £10 million to £20 million benefit to pre-tax earnings from 2025-26 as a result of the warehouse changes, although it will take a £190 million impairment in 2024-25. Shares in Asos lifted 4% on Wednesday morning. ...

Will a £190 million impairment lead to a 4% increase in Asos shares?

However, this will be preceded by a £190 million impairment in 2024-25. The news led to a 4% increase in Asos shares on Wednesday morning. As part of a major turnaround programme led by boss Jose Antonio Ramos Calamonte, the company aims to return to profitability and reverse its recent sales decline. ...