Fashion firm nline Boohoo announced on Friday that it has entered into a long-term lease for a new warehouse in Daventry, as part of a deal that will help increase the company’s storage capacity.
The company said the site will support the group’s expansion and add capacity on top of its existing distribution centers in Burnley, Sheffield and Wellingborough.
He added: “In total, these sites will give the group a net sales capacity of over £ 4 billion.”
Boohoo added that the deal is expected to secure up to 500 jobs and in the future create up to 1,000 additional jobs as capacity increases at the site.
Boohoo, which has been pushing to raise standards across its supply chain following reports released last year of allegedly low pay and safety conditions, is among online retailers to have seen a strong customer demand during the pandemic.
It saw 40% revenue growth in four months through December 31.
The AIM-listed group said the new warehouse is scalable and plans to invest more than £ 50million in the coming years, increasing capacity.
The warehouse is expected to become operational in the second quarter of the fiscal year which began March 1.