Online fashion retailer ASOS has announced a £20 million investment in a new distribution centre as it seeks to expand its operations, Logistics Manager reports.
The centre will be located in Barnsley, South Yorkshire, where the firm has secured ProLogis' 530, 168 square foot Crossflow 530 building.
With sales totalling £223 million in the year to 31st March 2010 and profits up 35 per cent, ASOS is primed for continued growth this year and is looking to reshape its enterprise accordingly.
In its latest annual results, the firm revealed warehouse costs had risen by 25 per cent to £19.4 million, but the operating cost ratio had decreased by 0.7 per cent, the logistics news website said.
"In the first half of the year we upgraded our warehouse management systems at our Hemel Hempstead warehouse. This resulted in productivity gains in the second half of the financial year," finance director Nick Beighton told website.
ASOS was launched in 2000 and is now the UK's largest online-only fashion and beauty store.
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