Asos to mothball US distribution centre - Sharecast.com

11 hours ago · Asos is to close its Atlanta distribution centre as part of an overhaul of its global network, the fast fashion retailer confirmed on Wednesday, at a cost of nearly £200m. Asos to …

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Asos To Mothball US Distribution Centre - Sharecast.com

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ASOS Warns Of $200 Million Hit From Atlanta Distribution Centre …

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12 hours 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 …

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Asos To Mothball US Distribution Centre - Sharecast.com

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21 hours ago · Asos is to close its Atlanta distribution centre as part of an overhaul of its global network, the fast fashion retailer confirmed on Wednesday, at a cost of nearly £200m. Asos to …

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Will ASOS mothball its Atlanta distribution center?

Plan ahead with key data on upcoming stock reports - all in 1 place See Calendar © Reuters. Investing.com -- ASOS (LON: ASOS) on Wednesday announced plans to mothball its Atlanta distribution center in the second half of 2025, marking a shift in the company’s logistics strategy in the U.S. market. ...

Why did asos'mothball' its Atlanta distribution centre?

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 retailer navigates a tough business environment. ...

Where is mothball based?

The company stated it will "mothball" its Atlanta distribution centre and sell the site, opting to handle US orders from its Barnsley warehouse in South Yorkshire, alongside a smaller, "more flexible" local site in the US. ...

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. ...

Does ASOs have a partner fulfillment program?

This will offer customers an enhanced product offering while enabling the company to reach competitive delivery speeds and lower the total fulfillment cost per order. ASOS will also roll out its Partner Fulfils program in the U.S. in the fiscal year 2025. ...

How will ASOS' closure affect financial performance in fy25?

In a statement, ASOS said that the closure will result in approximately £200 million of profit and loss adjusting items during FY25, primarily tied to fixed-asset impairments. Despite the headline figure, the financial impact is expected to be broadly neutral for the fiscal year. ...