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(Alliance News) - ASOS PLC on Friday said it plans to invest GBP90 million in a new Staffordshire warehouse which it expects to be operational within 12 months.
The London-based online fashion retailer said it plans to employ 2,000 people at the new fulfilment centre in Lichfield, Staffordshire over the next three years. The warehouse is situated on the A38 north of Birmingham and has "good road and airport links".
ASOS said the 437,000 square feet, AEW and Allianz Real Estate joint venture warehouse is located at Fradley Park and is set to become operational within 12 months. This will allow the centre to gradually ramp up with testing so as to meet the necessary capacity for peak trade in 2023.
Chief Executive Nick Beighton said: "We're thrilled to be laying down the foundations for our future growth in Lichfield. This significant investment in infrastructure and large-scale job creation is a reflection of the confidence ASOS has in its future and the quality of the skills and talent available in this well-placed location. When fully up and running in 2023, the site will support our ever-increasing customer demand and enable us to develop our offerings and delivery capabilities even further."
Shares in ASOS were up 3.2% at 5,288.00 pence in London on Friday morning.
By Anna Farley; annafarley@alliancenews.com
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