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M&S Buys Asos Warehouse Amid Plans to Double Online Sales
The 437,000-square-foot site is set to become one of M&S’s largest distribution centres and support its goal to double online sales.
- Marks & Spencer agreed on Monday to buy a 437,000 square foot warehouse from Asos in Lichfield, Staffordshire, creating 600 jobs and establishing one of its largest distribution centres when it opens in 2027.
- Asos previously mothballed the site in 2023 to reduce stock and costs, while M&S aims to double its online fashion, home, and beauty sales through the acquisition.
- Proceeds from the sale will give Asos at least £66 million, with annual cost savings around £6 million and a one-off profit boost of about £85 million expected by end of August.
- John Lyttle, managing director for fashion, home and beauty, noted the 24/7 distribution network needs more capacity to serve customers faster and improve availability.
- Remaining warehouses in Barnsley, South Yorkshire, and Berlin will provide Asos sufficient capacity for future growth, while the disposal strengthens its balance sheet and capital efficiency.
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M&S buys Asos warehouse amid plans to double online sales
M&S said it would employ 600 workers at the 437,000 square foot site in Lichfield when it opens in 2027.
·London, United Kingdom
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M&S invests £67.5m in automated distribution hub to fuel online fashion growth - InternetRetailing
Marks & Spencer has invested £67.5m in a highly automated logistics hub in a move designed to underpin long-term digital growth. The retailer has agreed a conditional deal to acquire a 437,000 sq ft distribution centre in Lichfield, Staffordshire – a former ASOS site – which will become operational in 2027 and employ around 600 people. The facility will form part of M&S’ expanding 24/7 logistics network, significantly increasing capacity and spe…
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Total News Sources14
Leaning Left2Leaning Right1Center3Last UpdatedBias Distribution50% Center
Bias Distribution
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50% Center
L 33%
C 50%
R 17%
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