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Boohoo opens new warehouse to boost sales growth

City AM logo City AM 9/04/2021 09:10:02 Jessica Clark
a woman looking at the camera © Provided by City AM

Boohoo has secured extra warehouse space to drive sales growth, creating up to 500 new jobs.

The fast fashion firm said it had secured a long-term lease for a new warehouse in Daventry, which will become operational in the second quarter of its financial year.

Read more: Boohoo cuts ties with hundreds of suppliers following Leicester factory scandal

The new warehouse space, in addition to its existing sites in Burnley, Sheffield and Wellingborough, will give the group a net sales capacity of more than £4bn.

Boohoo said it expects to invest more than £50m in the site over the coming years to increase capacity.

The deal will create up to 500 jobs, with the possibility of a further 1,000 jobs as capacity increases.

The post Boohoo opens new warehouse to boost sales growth appeared first on CityAM.

9. huhtikuuta 2021 12:10:02 Categories: City AM

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