UK-based online apparel specialist Asos has again stated that full-year profit is expected to fall short after ongoing warehousing problems continued to hamper growth in the US and Europe. Sales Q3 sales were up 12% with “stable” sales growth in the UK (+16%) and Rest of World (+14%), but elsewhere performance disappointed as the inability to bring new automated DCs on stream on schedule meant US growth of 12% and EU growth of 5% were below expectations.

CEO Nick Beighton said: “Embedding the change from the major overhaul of infrastructure and technology in our US and European warehouses has taken longer than we had anticipated, impacting our stock availability, sales and cost base in these regions.”

Source: Asos