ASOS PLC (LSE:ASC) has strengthened its balance sheet and cut costs by selling a fulfilment warehouse in Atlanta, USA for a net gain of around £48 million. The online fashion retailer said it had assigned the site's lease to a global consumer brand and sold the related automation assets to a member of DHL Group.

proactiveinvestors.co.uk - 2026-07-01 03:08:23

Investors remain cautious on the European retail sector, though Next PLC (LSE:NXT) and Tesco PLC (LSE:TSCO) continue to rank among the most crowded long positions in the industry, according to UBS. The bank's latest 'crowding' analysis found overall positioning among institutional investors in retail remains negative, with the sector described as "short skewed" relative to the wider European market.

proactiveinvestors.co.uk - 2026-06-02 07:10:08

Mothballed Atlanta facility could offer further upside, though declining sales trends remain a concern. Deutsche Bank has raised its price target on ASOS PLC (LSE:ASC), the online fashion retailer, to 400p from 375p after the company's sale of its Lichfield distribution centre to Marks and Spencer Group PLC (LSE:MKS) for net proceeds of at least £66 million.

proactiveinvestors.co.uk - 2026-05-12 10:33:14

Marks and Spencer Group PLC;s (LSE:MKS) £67.5 million purchase of a distribution centre from online specialist ASOS PLC (LSE:ASC) gives the FTSE 100 retailer a faster and cheaper route to expanding its online clothing business as it pushes to double UK non-food digital sales. Analysts at Shore Capital said the acquisition of the 437,000 sq ft site was a surprise but “welcome component” of M&S's long-term online strategy, giving the group additional logistics capacity at what they described as a reasonable price.

proactiveinvestors.co.uk - 2026-05-11 11:14:15

ASOS PLC (LSE:ASC) shares jumped 10% to 241p on Monday after the online fashion retailer agreed to dispose of an unwanted distribution warehouse for a £66 million net profit.  The company said the sale of its Lichfield facility would also bring annual cash savings of £6 million for rent and occupancy costs.

proactiveinvestors.co.uk - 2026-05-11 04:17:45

ASOS said on Monday it will sell its Lichfield fulfilment centre ​to rival Marks & Spencer for 66 ‌million pounds ($89.7 million), as the British retailer looks to simplify operations and dispose of ​non-core assets.

reuters.com - 2026-05-11 03:01:55

ASOS PLC (LSE:ASC) has agreed to sell its Lichfield fulfilment centre to Marks and Spencer Group PLC (LSE:MKS) as the online fashion retailer continues efforts to strengthen its balance sheet and cut costs. The group said the £67.5 million disposal will generate net proceeds of at least £66 million and annual cash savings of about £6 million from lower rent and occupancy costs.

proactiveinvestors.co.uk - 2026-05-11 02:42:18

Deutsche Bank says ASOS PLC (LSE:ASC) has “regained its mojo” after four years of restructuring, with the online fashion retailer showing early signs of a return to growth. The broker reiterated its Buy rating and 375p price target, implying meaningful upside from the last closing price of 250p.

proactiveinvestors.co.uk - 2026-04-24 10:05:39

ASOS Plc (ASOMY) Q2 2026 Earnings Call Transcript

seekingalpha.com - 2026-04-24 01:51:36

Shares in ASOS PLC (LSE:ASC) climbed over 9% to 245.88p, a six-week high, as the online clothing retailer reported improving profitability in the first half. Gross margins expanded more than three percentage points to around 48.5%, enabling adjusted EBITDA to increase 51% to £64 million.

proactiveinvestors.co.uk - 2026-04-23 09:42:04

ASOS said on Thursday ​that it ‌has begun seeking refunds for ​U.S. ​tariffs paid during the ⁠first half ​of the ​year, as the British fashion retailer ​pursues a ​margin-focused turnaround plan to ‌revive ⁠demand.

reuters.com - 2026-04-23 02:27:14