Clipper Logistics plc JD Sports and Clipper Announce Letter of Intent (2100V)

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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".

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ENQUIRIES

 
 Clipper:                            [phone] 
 Steve Parkin, Executive Chairman 
 Tony Mannix, Chief Executive 
  Officer 
 David Hodkin, Chief Financial 
  Officer 
 
   Financial PR: 
 Buchanan:                           [phone] 
 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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April 13, 2021 02:00 ET (06:00 GMT)