Pre-tax profit falls 68 per cent at ASOS
Despite turnover increasing 13 per cent year-on-year e-commerce giant ASOS has reported a 68 per cent drop in pre-tax profit.
Despite turnover increasing 13 per cent year-on-year e-commerce giant ASOS has reported a 68 per cent drop in pre-tax profit.
Wincanton has secured a 12-month contract with Stuffstr to provide warehouse space and fulfilment operations in its Greeford shared user site.
A test project at Zalando with Magazino’s mobile picking robot TORU has been completed – opening the way for the expansion of the robot fleet and the move to a larger operational area are on the agenda.
DHL Express and online retailer mybudapester.com have joined forces to launch a limited edition “DHL 1” sneaker.
Global sportswear company Puma has taken Barwood Capital’s 261,000 sq ft ‘Super G’ speculative warehouse at Glasshoughton, near Castleford in Yorkshire.
Supply chain shortages in North America have done little to dent sales growth at adidas in the first half. Overall group revenue for the first half rose five per cent to €11.4 billion while operating profit was up 13 per cent to €1.5bn.
ASOS has warned that higher warehouse transition costs combined with lower sales will impact pre-tax profit, which is now expected to be in the range £30-35 million for the year.
Recruitment is now underway at H&M’s 73,000 sq m logistics hub in Milton Keynes and is set to bring 800 jobs to the region.
PUMA aims to reduce its greenhouse gas emissions from its facilities and energy needs by 35 per cent by 2030 to meet the goals of the Paris Agreement.
Burberry has set two new climate goals approved by the Science Based Target initiative to reduce emissions from both its direct operations and extended supply chain.