Subscribe to Premium
Subscribe to Premium
Advanced Search
+

Comment / Shipper radar: ASOS looks to tailor its supply chain

dreamstime_xs_131009188
Photo 131009188 © Sergii Kovalov | Dreamstime.com
By

The twin challenges of weakening international demand and higher costs – largely due to supply chain inflation – pushed ASOS, the UK’s e-commerce fast-fashion darling, into a full-year pre-tax loss despite a marginal 1% revenue growth.

According to its latest annual results, released on 19 October, in response ASOS now reckons it may have to write off up to £130m in excess inventory, in addition to scaling back its international supply chain, as it strives to balance its books.

Group revenues for ...

Subscription required for Premium stories

In order to view the entire article please login with a valid subscription below or register an account and subscribe to Premium

Or buy full access to this story only for £15.00

Please login to activate the purchase link or sign up here to register an account

Premium subscriber
New Premium subscriber REGISTER

Comment on this article

You must be logged in to post a comment.

    Related Stories

    Topics

    ASOS Customer returns & reverse logistics inventory Shipper radar The e-commerce equation The Purse Strings The shirts on our backs DSV Kuehne + Nagel (KN)

    Most read news

    Back to work order sees Canadian ports reopen to a battle against backlogs

    Hapag-Lloyd reveals rotation changes to Asia-Europe CGX service

    Indian importers face freight rate hike shock out of Asia

    MSC 'to offer feeder vessel' to get stranded Canadian cargo to its destination

    Delays at Mauritius transhipment hub spark box line congestion surcharges

    US and Mexico intermodal traffic surge too much for railways to swallow?

    DSV Schenker – Herr Kuehne redux

    US 'de minimis' rises its head again as shipments hit a billion a year

    eVTOL drone project gets closer to flights carrying air cargo

    Vancouver airport closes runway after Cargojet's Amazon flight skids off tarmac

    Five key questions facing ocean container shippers under a Trump presidency

    'Retreating from globalisation can put your competitive position at risk'

    Western carriers call Russian airspace ban and Chinese advantage 'unfair'

    Hede Shipping rejigs transpac feeder service to target growing ecommerce

    Is Amazon Air Cargo flying in the right direction?

    European forwarders set for a bumpy ride in automotive logistics, says Ti