Clipper Logistics plc New Contract Win and Trading Update (0070M)
25 April 2018 - 4:01PM
UK Regulatory
TIDMCLG
RNS Number : 0070M
Clipper Logistics plc
25 April 2018
25 April 2018
New Contract Win and Trading Update
Clipper Logistics plc ("Clipper", "the Group" or "the
"Company"), a leading provider of value-added logistics solutions
and e-fulfilment to the retail sector, is pleased to announce that
it has signed a new contract with PrettyLittleThing.com Limited
("PLT"), part of boohoo.com plc, to provide logistics services to
PLT at and from a new 600,000 square feet site in Sheffield.
The new contract will commence in July 2018 with the site
employing approximately 1,200 people by the end of the year with an
assortment of shift patterns including part time, night shift and
student friendly working hours.
This will be a fast-moving fashion, shoe and accessories
ecommerce logistics operation involving inbound deliveries from a
variety of UK based and international suppliers over seven days a
week. Various forms of automation and mechanisation can be
introduced over the next five years to facilitate the anticipated
significant growth.
Steve Parkin, Executive Chairman of Clipper said: "The new
contract with Pretty Little Thing represents one of the Company's
most significant contract wins and is demonstrative of our ability
to deliver cost-effective solutions for retailers of any scale. We
are delighted to have been awarded this contract with one of the
fastest-growing online retailers, and look forward to working with
the PLT team over the years ahead."
Mahmud Kamani and Carol Kane, joint CEOs of boohoo.com plc,
commented: "We are delighted to have successfully concluded our
negotiations and to be entering into a contractual relationship
with Clipper which we hope will be a long, successful and
prosperous partnership for both parties."
Trading Update
Clipper is also pleased to announce that trading for the year to
30 April 2018 is expected to be in line with the Board's
expectations, with continued growth in revenue, operating profit
and net earnings. Results for the year are expected to be announced
in July 2018.
-Ends-
ENQUIRIES
Clipper: +44 (0)113 204 2050
Steve Parkin, Executive Chairman
Tony Mannix, Chief Executive
Officer
David Hodkin, Chief Financial
Officer
Public Relations Advisers:
Buchanan: +44 (0) 207 466 5000
David Rydell
Stephanie Watson
Founded by Steve Parkin in 1992, Clipper is amongst the leading
providers of value- added logistics solutions and e-fulfilment to
the retail sector in the United Kingdom, with an expanding business
in Germany and employs nearly 4,000 people. The Group provides
consultancy-led services within the online fashion and general
merchandise sectors to its blue-chip client base including Harvey
Nichols, ASOS, The John Lewis Partnership, Asda, Supergroup,
Morrisons and Sainsbury's.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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