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Marks & Spencer Plans to Create 600 Jobs with Lichfield Logistics Hub
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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19 Articles
19 Articles
Evening Standard+4 Reposted by 4 other sources
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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Coverage Details
Total News Sources19
Leaning Left2Leaning Right1Center6Last UpdatedBias Distribution67% Center
Bias Distribution
- 67% of the sources are Center
67% Center
L 22%
C 67%
11%
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