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XOM: MOMENTUMFWRD: EVENT-DRIVEN UPSIDEPEP: TRADING UPDATE OUTMAERSK: BOTTOM FISHING NO MOREDHL: IN THE DOCKHLAG: GREEN DEALXOM: GEOPOLITICAL RISK AND OIL REBOUND IMPACTZIM: END OF STRIKE HANGOVERCHRW: GAUGING UPSIDEBA: STRIKE RISKDSV: STAR OF THE WEEKDSV: FLAWLESS EXECUTIONKNIN: ANOTHER LOWWTC: TAKING PROFITMAERSK: HAMMERED
XOM: MOMENTUMFWRD: EVENT-DRIVEN UPSIDEPEP: TRADING UPDATE OUTMAERSK: BOTTOM FISHING NO MOREDHL: IN THE DOCKHLAG: GREEN DEALXOM: GEOPOLITICAL RISK AND OIL REBOUND IMPACTZIM: END OF STRIKE HANGOVERCHRW: GAUGING UPSIDEBA: STRIKE RISKDSV: STAR OF THE WEEKDSV: FLAWLESS EXECUTIONKNIN: ANOTHER LOWWTC: TAKING PROFITMAERSK: HAMMERED
Northampton (UK) – 29 September 2016. XPO Logistics and ‘fast fashion’ e-commerce specialist Missguided are today celebrating the opening of a purpose-built warehouse operation that will act as a hub to support the retailer’s rapid growth.
The warehouse, located in Grand Central, Manchester, is expected to create 900 jobs for the local community as Missguided continues on a path of double-digit annual expansion. The 24/7 facility will eventually have a total floor space in excess of one million sq. ft. – more than five times the size of the previous warehouse – with four internal stories of stacking space and 198,000 storage slots.
Missguided was launched in 2009 and quickly found success in the online fashion space. XPO Logistics signed a long-term contract with Missguided in 2015 to manage inbound and outbound logistics. XPO currently handles the e-fulfilment of approximately 150,000 orders per week for retailer, along with returns.
Peter Fuller, business unit director for XPO Logistics, said: “It’s exciting to see Missguided thriving. We have already begun hiring at the Grand Central facility to ensure that their growth is underpinned by seamless logistics and flexible capacity. Our focus is on driving even greater productivity for Missguided as their volumes increase, building on the accomplishments of the past year.”
Brett Young, operations director for Missguided, said: “We initially handled our own logistics, but as the company continued to grow we needed to turn to experienced professionals. Working with XPO has allowed us to improve the overall customer experience, as well as concentrate on expanding our business by focusing on the fashion that our customers love.”
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