DX agrees new contract with IKEA
DX Group has agreed a new contract with IKEA to provide a bespoke logistics solution for customer deliveries. The contract is for an initial three years and takes the total value of DX’s contracted logistics work for IKEA to around £19m a year.
DX already provides logistics to support IKEA’s online sales in two UK regions and its store business in Reading. It will now support IKEA’s sales across seven additional stores.
DX will operate dedicated service centres, situated close to each IKEA store, to support the enlarged contract and will offer same-day two-man deliveries, advanced booking and a returns service.
Stuart Godman, Managing Director of DX Freight, said: “We are delighted to have expanded and extended the services that we provide to IKEA. This contract is further evidence of DX Logistics’s ability to deliver high volumes to an exacting standard, and we look forward to continuing to deliver an excellent service to IKEA and all our customers.”
Last Friday, DX Group announced that it has raised £6.5m in funding which it will use to repay its loan with HSBC and provide for its investment strategy.
