ASOS Shares Jump After Atlanta Fulfillment Center Disposal

Dow Jones

Jul 01

ASOS shares jumped after the online fashion retailer said it sold a mothballed Atlanta warehouse for about $63 million, extending the group's efforts to buttress its balance sheet.

Shares rose 6.9% to 308 pence in late-morning European trading, lifting ASOS to a five-month high. The stock is up 8.6% so far this year.

ASOS said it sold the abandoned fulfillment center to a DHL Group subsidiary for 48 million pounds, equivalent to $63.6 million. It added that the company will book a one-off pretax profit of 78 million pounds in its fiscal 2026 accounts related to the reorganization of its property liabilities.

The disposal is part of a broader effort by the retailer to strengthen its balance sheet, including the successful refinancing of 237.5 million pounds in November 2025, and the 66 million pound disposal of a U.K. fulfillment center in May.

The steps put ASOS in a good position ahead of the maturation of a tranche of convertible bonds worth 253 million pounds in September 2028, Berenberg analysts wrote in a note to clients.

Write to Joe Stonor at josephmichael.stonor@wsj.com

(END) Dow Jones Newswires

July 01, 2026 06:06 ET (10:06 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

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The stock is up 8.6% so far this year. \n</p>\n<p>\n  ASOS said it sold the abandoned fulfillment center to a DHL Group subsidiary for 48 million pounds, equivalent to $63.6 million. It added that the company will book a one-off pretax profit of 78 million pounds in its fiscal 2026 accounts related to the reorganization of its property liabilities. \n</p>\n<p>\n  The disposal is part of a broader effort by the retailer to strengthen its balance sheet, including the successful refinancing of 237.5 million pounds in November 2025, and the 66 million pound disposal of a U.<a href=\"https://laohu8.com/S/TKKD.SI\">K</a>. fulfillment center in May. \n</p>\n<p>\n  The steps put ASOS in a good position ahead of the maturation of a tranche of convertible bonds worth 253 million pounds in September 2028, Berenberg analysts wrote in a note to clients. \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n   Write to Joe Stonor at josephmichael.stonor@wsj.com \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  July 01, 2026 06:06 ET (10:06 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4122","symbol_name":"互联网与直销零售","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2648514827","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2648514827","pubTimestamp":1782900360,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"ASOS shares jumped after the online fashion retailer said it sold a mothballed Atlanta warehouse for about $63 million, extending the group's efforts to buttress its balance sheet.Shares rose 6.9% to ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4122":"互联网与直销零售","DHLGY":"Deutsche Post AG","BK4094":"服装零售","BK4131":"航空货运与物流","ASOMY":"ASOS plc"},"translate_title":"亚特兰大运营中心处置后ASOS股价上涨","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ASOMY":0.9,"DHLGY":0.9},"content_text":"ASOS shares jumped after the online fashion retailer said it sold a mothballed Atlanta warehouse for about $63 million, extending the group's efforts to buttress its balance sheet. \n\n\n  Shares rose 6.9% to 308 pence in late-morning European trading, lifting ASOS to a five-month high. 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It added that the company will book a one-off pretax profit of 78 million pounds in its fiscal 2026 accounts related to the reorganization of its property liabilities. \n\n\n  The disposal is part of a broader effort by the retailer to strengthen its balance sheet, including the successful refinancing of 237.5 million pounds in November 2025, and the 66 million pound disposal of a U.K. fulfillment center in May. \n\n\n  The steps put ASOS in a good position ahead of the maturation of a tranche of convertible bonds worth 253 million pounds in September 2028, Berenberg analysts wrote in a note to clients. \n\n\n \n\n\n   Write to Joe Stonor at josephmichael.stonor@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  July 01, 2026 06:06 ET (10:06 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"1","news_tag":"corporation","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":true,"need_login_tip":false,"code":"91000000","status":"200"}}}