StockMarketWire.com - Wincanton has won a four-year contract with IKEA, the largest home retail brand in the UK, to provide operational development and support of two new distribution centres which are intended to support the retailer's multi-channel distribution growth strategy.
The deal will support IKEA's e-commerce growth strategy and will see Wincanton lease and fit-out the warehouses on their behalf with a combined space of over 500,000 sq. ft. in locations both North and South of the River Thames.
The new facilities will create an efficient and reliable operation which will support IKEA's future growth plans.
At 9:38am: [LON:WIN] Wincanton PLC share price was +6.13p at 237.38p
Story provided by StockMarketWire.com
Shares Magazine
Shares is the leading weekly publication for retail investors. It is packed with investment ideas, news and educational material to help build and run portfolios and get more from your money.
Investor Events
Shares puts on free Investor Events throughout the year across the country. They provide an opportunity for investors to learn more about companies on the stock market and hear from a range of investment experts including fund managers and Shares journalists.