ADVERTISEMENT
NewsOnline & Digital

Asos invests in new fulfilment centre

According to Sky News, the new centre, based in Staffordshire, will be backed by a £90m investment from the retailer

Asos has announced it will launch a new fulfilment centre which has the capacity to employ 2,000 people over the next three years.

According to Sky News, the new centre, which is based in Staffordshire, will be backed by a £90m investment from the retailer.

The news falls after the online fashion retailer’s had previously reported a 329% rise in annual profits, attributed to the increased demand of online shopping during the peak of Covid-19 lockdowns.

Asos had previously announced its group sales for the year rose by 19% to £3.3bn, up from the prior year’s sales of £2.7bn.

Nick Beighton, chief executive of Asos, said at the time: “As well as protecting staff, suppliers and customers, we’ve driven efficiency and have emerged a stronger, more resilient and agile business whilst delivering strong profit and cash generation.”

The fashion giant noted that it had experienced a “solid” start to its current financial year, but that it was remaining cautious in terms of consumer demands and changes.

Beighton added: “After a record first half which saw us make progress in addressing the performance issues of the previous financial year, the second half will always be defined by our response to Covid-19.

“Asos will continue to engage, respond and adapt as one of the few truly global leaders in online fashion retail.”

Back to top button

Please disable your ad-blocker to continue

Ads are the primary way in which publishers generate the revenue needed to pay their staff. If we can't serve ads, we can't pay journalists to write the news.