ASOS to open fifth warehouse in Europe to reduce delivery times
Online fashion giant ASOS is reportedly planning to open a fifth warehouse in Europe, with the hope of reducing delivery times.
According to The Daily Telegraph, Mathew Dunn, ASOS's Chief Financial Officer, said the move would allow the company to reach over £6 billion in capacity by the end of 2023 and that the proposal was already in the “early planning stages”.
ASOS already has depots in the UK, US and Germany, with a warehouse in Staffordshire expected to open next year.
It is working on balancing its sea, air and road freight due to increased costs caused by disruption from the COVID-19 pandemic on global supply chains.
To manage the increased lead time from the UK to Europe due to Brexit, ASOS is also using additional ports for entry into the EU to reduce custom waiting times - aiming to reduce its return lead times from eight days to four days.
In February 2021, ASOS bought the Topshop, Topman and Miss Selfridge brands from the collapsed Arcadia Group for £330 million.
Last month, the company announced it has partnered with US department store Nordstrom on a new joint venture that will see Topshop clothes sold in physical stores again for the first time since its purchase.
