Agreement to open new US fulfilment centre

RNS Number : 3327N

ASOS PLC

08 August 2017

 

08 August 2017

ASOS plc ("the Company")

Agreement to open new US fulfilment centre

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.

This fulfilment centre will significantly enhance ASOS' US customer proposition providing more cost effective, faster and more flexible delivery options.

As 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.

The agreement marks a significant progression in the Company's targeted geographic growth strategy.

Nick Beighton, CEO, commented:

"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."

For further information:

ASOS plc	Tel: [phone]
Nick Beighton, Chief Executive Officer
Helen Ashton, Chief Financial Officer Greg Feehely, Director of Investor Relations Website: www.asosplc.com/investors
Instinctif Partners	Tel: [phone]
Matthew Smallwood / Guy Scarborough
JPMorgan Cazenove	Tel: [phone]
Michael Wentworth-Stanley / Caroline Thomlinson
Numis Securities	Tel: [phone]
Alex Ham / Luke Bordewich

Background note:

ASOS is a global fashion destination for 20-somethings. We sell cutting-edge fashion and offer a wide variety of fashion-related content, making ASOS.com the hub of a thriving fashion community. We sell over 85,000 branded and own-label products through localised mobile and web experiences, delivering from our fulfilment centres in the UK, US and Europe to almost every country in the world.

We tailor the mix of own-label, global and local brands sold through each of our eight local language websites: UK, US, France, Germany, Spain, Italy, Australia and Russia.

ASOS's websites attracted 146 million visits during June 2017 (June 2016: 123 million) and as at 30 June 2017 it had 15.0 million active customers¹ (30 June 2016: 12.0 million), of which 5.2 million were located in the UK and 9.8 million were located in our international territories (30 June 2016: 4.6 million in the UK and 7.4 million internationally).

¹Defined as having shopped in the last 12 months as at 30 June 2017

 

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