Pre-tax profit falls 68 per cent at ASOS
by Michelle Mooney on 16/10/2019 at 2:43 pm
Despite turnover increasing 13 per cent year-on-year e-commerce giant ASOS has reported a 68 per cent drop in pre-tax profit. ASOS posted pre-tax profit of £33.1m for the year-ending 31 August 2019, compared to £102m in the previous financial year. Turnover stood at £2.7 billion up from £2.4 billion a year ago. Chief executive Nick The post Pre-tax profit falls 68 per cent at ASOS appeared first on Logistics Manager Magazine.
APEX joins Palletforce
by Michelle Mooney on 16/10/2019 at 2:15 pm
Acclaim Pallet Express (APEX), has joined Palletforce, part of EV Cargo, to cover West London for the network. Ravi Sandhu, managing director of APEX, said: “APEX has covered the west London area for more than 25 years, but as a relatively small company it has become increasingly difficult to compete against some of the bigger The post APEX joins Palletforce appeared first on Logistics Manager Magazine.
Utopia Tableware installs Microlistics WMS
by Michelle Mooney on 16/10/2019 at 2:11 pm
Utopia Tableware, supplier of glass and tableware to the hospitality industry, has implemented a warehouse management system from Microlistics at its new distribution centre in Chesterfield. The 170,000 sq ft warehouse is a purpose-built facility, which completes one phase of its £15m plan to improve capacity, productivity, and efficiency across its operations. Following implementation of The post Utopia Tableware installs Microlistics WMS appeared first on Logistics Manager Magazine.
Lidl to spend £15bn on British product sourcing
by Michelle Mooney on 16/10/2019 at 2:06 pm
Lidl has said it will spend £15 billion over the next five years sourcing and procuring from British suppliers. The supermarket has also said it is targeting an increase in sales of British-sourced fresh meat, poultry and fresh produce by over 10 per cent across the next 12 months. Additional incentives for suppliers will include The post Lidl to spend £15bn on British product sourcing appeared first on Logistics Manager Magazine.
DHL shed on market for £60 million plus
by Christopher Walton on 16/10/2019 at 8:11 am
A 538,280 sq ft distribution warehouse built to suit for DHL has been put on the investment market for more than £61 million. The unit will operate as a strategic DHL Supply Chain campus for the East Midlands region and is offered for sale with DHL guaranteeing a 20-year lease following completion of the building The post DHL shed on market for £60 million plus appeared first on Logistics Manager Magazine.