ASOS Shares Rise as GXO Extends Logistics Partnership to 2034 (GXO:NYSE)

ASOS shares rise as GXO extends logistics partnership to 2034 (GXO:NYSE)

ASOS shares rise 3.3% after GXO renews their logistics contract for nine years, extending a partnership that began in 2013.

GXO renews ASOS contract for nine years

GXO Logistics has signed a nine-year contract renewal with ASOS, extending a partnership that began in 2013. GXO said that the renewed agreement covers warehouse fulfillment and transportation services. The logistics company provides services to more than 16 million ASOS customers every year. GXO has supported ASOS from its logistics hub in Barnsley, UK. The company said that over the past five years it has introduced new ways of working that en…

GXO and ASOS extend strategic partnership to 2034

Discover what's happening in retail today, Retail Times publishes international & UK retail news covering products, data, tech, packaging, people, research, comment and much more. GXO Logistics, Inc. (NYSE: GXO), the world’s largest pure-play contract logistics provider, today announced a new nine-year contract renewal with ASOS, one of the leading global online fashion destinations, extending a successful partnership that began in 2013. Over th…

Asos extends GXO logistics partnership until 2034 in major deal

Asos has extended its long-standing partnership with GXO Logistics until 2034, securing a new agreement covering warehouse fulfilment and transportation services. The relationship between the two firms began in 2013, and now supports more than 16 million Asos customers each year. The deal will see GXO continue to operate Asos’s highly automated fulfilment hub in...