Full Year Results 

Clipper Logistics profits from online shopping

Clipper Logistics profits from online shopping

The rising popularity of online shopping has been good for Clipper Logistics (CLG). Revenue from its e-fulfilment and returns management division, which manages the shipping and returns system for a number of retailers including Zara and Asos, increased by a third over the past year to £130m. In November, the company also launched its Clicklink joint venture with John Lewis after it was hired to operate the product distribution for all Waitrose stores (up from 33 per cent of locations previously). The company is in talks to extend the Clicklink click-and-collect service to other retailers, which management expects to provide a significant boost to income.

To continue reading, subscribe today

and enjoy unlimited access to the following:

  • Tips of the Week
  • Funds coverage
  • Weekly features on big investment themes
  • Trading ideas
  • Comprehensive companies coverage
  • Economic analysis
Subscribe to Investors Chronicle

Subscribe today

Full access for just £3.37 a week:

• Tips and recommendations - to beat the market 
• Portfolio clinic & Mr Bearbull - build a well-planned portfolio 
• Expert tools - track and manage investments effortlessly
• Plus free delivery to your home or office

Subscribe Now