Fashion retailer Boohoo has announced the signing of a long-term lease for a new warehouse in Daventry to support its continued expansion.
The new unit is due to become operational in the second quarter of the group’s financial year and joins existing units in Burnley, Sheffield and Wellingborough. In aggregate, these sites will give the group net sales capacity in excess of £4 billion.
The new warehouse is scalable and as such Boohoo expects to invest more than £50 million in the future, increasing capacity and operational flexibility as the group continues to grow. The deal is expected to secure up to 500 jobs initially and to create an additional 1,000 jobs as capacity increases at the site.
