Nike has finalised a deal to create a UK logistics campus and national supply chain hub in the East Midlands, covering over 1.3m sq ft within a single building.
The sportswear giant’s has signed a 20-year lease with GLP for a facility at Magna Park, Corby, one of the UK’s largest dedicated logistics and distribution parks, designed to offer logistics warehousing, offices, sport and recreation facilities, Insider Media reports.
GLP UK managing director Bruce Topley said: “This new site will help boost skills and generate high-quality jobs. The industry-leading, bespoke building will minimise carbon footprint and embed health and wellbeing. This investment is a great vote of confidence in the East Midlands and will help propel much-needed long-term growth across the region.”
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Earlier this year Nike saw sales nudge up in its third quarter, beating expectations.
Revenues rised marginally to £9.6bn for the quarter ending 29 February, driven by growth across North America, Greater China, and APLA. But in Europe, the Middle East and Africa, revenue fell 3% to £2.3bn.
Back in February, the sportswear titan revealed plans to cut nearly 2% of its total workforce as part of its wider plan of achieving £1.6bn in cost savings over the next three years.
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