JD Sports Fashion has confirmed it’s to close its distribution centre in Derby, East Midlands, with the loss of 200 jobs.
Staff at the Derby Commercial Park facility were informed on Friday (6 September) that they wouldn’t be needed after the weekend, according to reports, following a consultation period that began in July.
A spokesperson confirmed: “We have made the difficult decision to close our Derby distribution centre and are working with all those affected to ensure they are fully supported through this challenging period.”
The sportswear retail giant, which has seen a recent rebound in its fortunes after a difficult start to the year, signed a 20-year lease on the newly built 514,000 sq ft facility just three years ago.
The decision to close the site follows a strategic review of the group’s global supply chain network “which explored all options” available to the business.
JD also operates a large distribution centre in Rochdale, which is near to the company’s head office in Bury and is unaffected by the latest move.
In late August, JD Sports Fashion’s Q2 trading update talked of a “strong, agile multi-brand model” delivering sales growth on both an organic and like-for-like basis, up 8.3% and 2.4%, respectively, during the quarter.
Earlier this year the company’s shares had fallen after it said it saw soft sales in Q4 and analysts speculated that the importance of Nike to the chain was a problem as that brand’s sales story faltered.
Copyright © 2024 FashionNetwork.com All rights reserved.
Translated by Roberta HERRERA Published September 20, 2024 On Monday, September 23, the historic Place de l'Opéra in Paris will be transformed i
By AFP Translated by Nicola Mira Published September 20, 2024 Bernard Arnault, boss of global luxury giant LVMH, has notified the group’s top
Translated by Nicola Mira Published September 20, 2024 Lithuanian vintage fashion e-tailer Vinted, which made a profit for the first time in 2023
Published September 20, 2024 Luxury outerwear brand Mackage has launched its fall/winter 2024 collection with a new campaign starring supermodel St