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".
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ENQUIRIES
| Clipper: | +44 (0)113 204 2050 | ||
| Steve Parkin, Executive Chairman | | ||
| Tony Mannix, Chief Executive Officer | | ||
| David Hodkin, Chief Financial Officer | | ||
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Financial PR: |
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| Buchanan: | +44 (0) 207 466 5000 | ||
| David Rydell |
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| Stephanie Watson |
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| Hannah Ratcliff |
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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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