Clipper Logistics announces two new major retail contract wins
LOGISTICS FIRM Clipper, which distributes goods for retailers such as John Lewis, Marks & Spencer, Asda and Morrisons, has announced two major new contract wins with River Island and Mountain Warehouse.
The Leeds-based firm said the deals represent a significant step change in activity levels and will enhance earnings for the next financial year which commences on May 1, 2021.
Together the two new contracts will increase revenue by over £40m on a full-year basis for Clipper.
The group has agreed in principle a new five-year open book contract with River Island to provide logistics services at the high street fashion retailer’s existing distribution centre in Milton Keynes. Clipper already handles returns for River Island at the group’s Ollerton distribution centre, but this contract represents a significant extension of services, with the Leeds-based firm set to provide a full range of logistics operations, including warehousing, distribution to high street stores, and e-fulfilment and returns management services.
The new services are planned to commence in the middle of 2021.
Clipper has also signed a new ten-year open book contract with Mountain Warehouse to provide a full range of multi-channel logistics services for the outdoor retailer. The new contract is expected to commence in spring 2021 with the contract employing approximately 220 colleagues.
Steve Parkin, executive chairman of Clipper, said: “We are delighted to welcome two iconic retailers to the family of Clipper customers. Both contracts are a clear indication of the collaboration and use of shared resources that will define the retail logistics supply chain into the future.
“These contracts enhance our command of the end-to-end service proposition in online retail, and demonstrate that Clipper is also well-positioned to continue to support high street retail as it recovers from lockdown.
“Our strategy to focus on providing innovative solutions in both the online and traditional bricks and mortar retail landscapes continues to drive value for both our customers and shareholders.”