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ASOS

1,500 jobs to be created by ASOS over the next three years…

The online fashion retailer ASOS has confirmed it will introduce 1,500 new positions at its Camden headquarters over the next three years, adding to its current workforce of 2,500.

The company is expected to spend an estimated £38 million on hiring experienced professionals in the marketing, technology, editorial content and retail buying fields as it aims to double its sales over the next five years; in addition to investing a further £40 million on developing a 40,000 sq ft space to accommodate the extra employees.

Read more from The Telegraph here

Working conditions at ASOS warehouse ‘to be investigated by MPs’…

After an initial investigation conducted by Buzzfeed News which described workers at the ASOS warehouse near Barnsley as being treated like ‘machines’, reports have indicated that MPs will be investigating further into the e-tailer and the management firm of the distribution centre, XPO’s practices.

Despite both parties denying the allegations, the severity of the security measures have gone as far as staff members being searched upon going to the toilet, as well as being made to take their shoes off during spot checks.

The chair of the House of Commons’ Business, Innovation and Skills Select Committee, Ian Wright, said in a statement: “When I read the article, the reaction from me was this was ominously and depressingly familiar. We really want to eliminate this sort of working practice in Britain.”

The ASOS investigation is said to be a part of an upcoming general enquiry into employment practices entitled Future World of Work’, to be launched in January and will also include investigations into other high profile retailers including Sports Direct and BHS.

 

Read more reported details from The Independent here

Retail developments decline for seventh consecutive year…

According to a new report published by the commercial law firm, EMW, new retail development applications declined by nine per cent in the past year; with a total of 6,700 applications made in 2015, down from 7,360 in 2014.

The sharp decrease in 2015/2016 indicates a fall for the seventh consecutive year and is down by 44 per cent of the number of the pre-recession peak of 11,900 recorded in 2008/2009. EMW said that despite bricks-and-mortar retailers increasingly expanding their online services, many were still failing at the competition with online-only retailers such as ASOS and Amazon. In addition, the law firm also notes that the recent decline of traditional retailers, such as the Morrisons’ convenience store chain, My Local, as well as Austin Reed and BHS, were in part caused by the continued success of online-only brands.

Principal at EMW, Aimee Barrable, commented: “Recent high profile closures will lead to more retail space becoming available on the market. Those retailers still looking to expand their high street presence might look to acquire some of these recently vacated stores instead of applying for any new retail developments.”

She continued: “Also, it may be that many retailers wait before committing to any new shop developments until they have a clearer picture of the economy in the aftermath of the Brexit vote.”

Read more from Aimee Barrable and on the report here