{"id":13154,"title":"ASOS Plc (AIM:ASC) Agreement to open new US fulfilment centre","publisher":"Share Talk","author":"sharetalk","published":"2017-08-08T07:24:24+00:00","modified":"2017-09-09T21:28:20+00:00","canonical_url":"https://www.share-talk.com/asos-plc-aimasc-agreement-to-open-new-us-fulfilment-centre/","markdown_url":"https://www.share-talk.com/asos-plc-aimasc-agreement-to-open-new-us-fulfilment-centre.md","json_url":"https://www.share-talk.com/asos-plc-aimasc-agreement-to-open-new-us-fulfilment-centre.json","category":"Property & Retail","categories":["Property & Retail"],"tags":["ASOS"],"featured_image":"https://i0.wp.com/www.share-talk.com/wp-content/uploads/2023/11/Stencil-Google-Chrome-2023-04-19-at-2.47.43-PM.jpeg?fit=1231%2C615&quality=89&ssl=1","format":"news","language":"en-GB","content":"ASOS is pleased to announce it has signed an agreement to establish a new North American e-commerce fulfilment centre in Union City, outside of Atlanta, Georgia. Fit-out is expected to commence shortly with operations starting in Autumn 2018.\n\nThis fulfilment centre will significantly enhance [ASOS](https://www.asosplc.com/)‘ US customer proposition providing more cost effective, faster and more flexible delivery options.\n\nAs part of its planned, phased development programme, ASOS will initially invest c.US$40 million in fit-out, establishing a 10 million unit capacity facility with the opportunity to expand further at the appropriate time.\n\nThe agreement marks a significant progression in the Company’s targeted geographic growth strategy.\n\n**Nick Beighton, CEO, commented:**\n\n“This agreement is a major step forward for ASOS in the US and demonstrates the opportunity we believe lies ahead in this key market. Our US business delivered 39% constant currency growth in the first six months of the current financial year following sales of £179m in the year ended August 2016. Our US fulfilment centre will enable us to significantly develop our proposition for our 20-something US customers supporting our continued growth and future ambitions.”"}