Britain’s ASOS Plc (ASOS.L) flagged a one-time impairment charge exceeding $200 million in fiscal 2025 due to the “mothballing” of its Atlanta distribution centre on Wednesday, as the online fashion retailer navigates a tough business environment.
Over the last couple of years, ASOS has been working to transform its business after losing popularity among its target audience of young customers and dealing with an inventory surplus.
This effort by the
