Supply chain solutions provider Wincanton has renewed contracts with a number of leading retailers in the last two months, according to a trading statement from the business today.
Britain’s number one grocer Tesco, stationary & bookseller WHSmith and electricals specialist Comet have all signed deals with Wincanton as it continues to target its recently-stated goal of saving costs and reducing group debt.
The Comet contract renewal, which was announced today, will see Wincanton become the retailer’s sole UK warehouse and distribution partner.
A statement revealed it is the first time that Comet has undertaken such a sizeable logistics agreement with a single provider and it represents the largest distribution contract awarded by the company in the UK.
In February Wincanton’s management suggested it was operating in a challenging marketplace and cost savings were needed to ensure the group stays competitive.
CEO of Wincanton Eric Born, who took charge of the company from Graeme McFaull in December last year, said today: “We continue to address the cost base in the UK, Germany and in France as part of our initial objective of achieving stable year on year results in the new financial year.”
As well as the aforementioned retailers, Wincanton has recently secured contract renewals with BP, Musgrave, Nestle and Wavin.
“We are confident of further key renewals later in the year and can report a healthy new business pipeline,” Born added.