26 May 2016 07:00
Clipper Logistics plc
("Clipper" or "the Company")
Trading Update
Progress on Click & Collect
Clipper Logistics plc, a leading provider of value-added logistics solutions and e-fulfilment to the retail sector, is pleased to announce that trading for the year to 30 April 2016 is expected to be in line with the Board's expectations, with continued growth in revenue, operating profit and net earnings.
Clipper is strategically well-positioned to capitalise on the continued structural changes in the retail sector. An ever greater proportion of retail activity is taking place online, and Clipper believe this continuing trend will provide further earnings momentum into future years.
The Company is also pleased to announce that facilitisation of its latest shared-use facility in Northampton is progressing well. The site will provide a variety of services to retailers including both pre-retail activity and returns management under the Company's "Boomerang" brand. John Lewis will be the key initial customer at the site, and in addition to other services Clipper will be managing returns of all product categories, including electrical products, for this iconic retailer.
Progress on Click & Collect
The proportion of online orders that are collected from store rather than being delivered to home has risen significantly over the last two years, leading Clipper to identify the need for a dedicated next-day sortation and delivery service into high street stores. We have entered into a collaboration with John Lewis to develop this proposition, and the service was introduced during the Autumn of last year, initially focussing on over 100 Waitrose stores.
Additional sortation capacity is currently being installed at the new Northampton site, which will enable Clipper to provide a nationwide Click and Collect service from the Autumn of this year, both for John Lewis and for other retailers.
Enquires
Clipper: | +44 (0)113 204 2050 | |
Steve Parkin, Executive Chairman | ||
Tony Mannix, Chief Executive Officer | ||
David Hodkin, Chief Financial Officer
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Public Relations Advisers: | ||
Bell Pottinger: | +44 (0) 20 3772 2496 | |
David Rydell | ||
Dan de Belder | ||
James Newman | ||
Molly Stewart |
About Clipper
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 3,000 people. The Group provides consultancy-led services within the online fashion and general merchandise sectors to its blue-chip client base including Zara, Harvey Nichols, ASOS, The John Lewis Partnership, Asda, Supergroup, Morrisons, New Look, Tesco and Sainsbury's.