herald

Thursday 19 October 2017

Next set to open warehouse hub

Retail

Retailer Next is planning to open a warehouse hub in Northern Ireland to serve its customers across the entire island.

It said the facility will be used as a prototype for the group as it looks to establish similar operations in other countries.

Next made the announcement as it unveiled what it said were sales and profits that were ahead of original expectations.

But shares in the retailer fell over 3pc.

The stock had reached an all-time high in recent days and some investors may have decided to cash in.

"In order to address this deficiency we intend to open a local warehouse hub in Northern Ireland," Next added.

The company said the warehouse will facilitate next day deliveries.

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