Clipper Logistics plc JD Sports and Clipper Announce Letter of Intent (2100V)
April 13 2021 - 1:00AM
UK Regulatory
TIDMCLG
RNS Number : 2100V
Clipper Logistics plc
13 April 2021
13 April 2021
Clipper Logistics plc
JD Sports and Clipper Logistics Announce Letter of Intent
Clipper Logistics plc ("Clipper", "the Group" or the "Company"),
a leading provider of value-added logistics solutions, e-fulfilment
and returns management services to the retail sector, is pleased to
announce that it has signed a letter of intent with JD Sports
Fashion PLC ("JD Sports"), to provide e-fulfilment services from
its distribution centre in Sherburn, near Leeds.
It is anticipated that Clipper will provide e-fulfilment
services to supplement JD Sports' existing e-commerce operation.
Clipper will also provide logistics support to trunk product to the
site from JD Sports' other warehouse location.
The contract term is expected to be an initial minimum term of
two years, and Clipper has reserved a minimum of 400,000 square
feet of warehousing space at the site in order to provide the
services.
It is likely that the contract will go live in the early part of
the summer.
Steve Parkin, Executive Chairman of Clipper, said: "JD Sports
are a truly first class, leading retailer, and we are extremely
proud to be supporting their online operations. Clipper is very
much the go-to provider of end-to-end services in the online
retailing space".
Peter Cowgill, Executive Chairman of JD Sports said: "Clipper
has an outstanding reputation for delivering rapid and effective
logistics solutions for retailers, and has extensive experience in
the e-commerce arena. We look forward to working with Clipper as we
continue to evolve our service proposition".
-Ends-
ENQUIRIES
Clipper: +44 (0)113 204 2050
Steve Parkin, Executive Chairman
Tony Mannix, Chief Executive
Officer
David Hodkin, Chief Financial
Officer
Financial PR:
Buchanan: +44 (0) 207 466 5000
David Rydell
Stephanie Watson
Hannah Ratcliff
About Clipper
Clipper Logistics plc ( www.clippergroup.co.uk ), which is
premium listed on the Main Market of the London Stock Exchange, is
a leading provider of value-added logistics solutions, e-fulfilment
and returns management services, delivering value-added,
consultancy-led services to its blue-chip client base. A profitable
and cash generative commercial vehicles business complements the
Group's logistics activities.
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END
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