City Link cut its first quarter losses by more than a third but remained loss-making ahead of its sale to turnaround investor Better Capital. The parcel carrier cut its first quarter adjusted operating loss by 36% to £8.1m (2012: £12.7m) during the first three months of 2013. Former parent Rentokil Initial’s first quarter results also revealed that the operator’s turnover was slightly down at £72.7m (2012: £73.5m). Rentokil Initial chief executive Alan Brown said City Link’s results were “in line […]
Marks & Spencer now believes three rather than four DCs will serve its future needs, as it continues the transformation of its supply chain to match consumers’ changing shopping patterns.
Online retail giant Amazon has predicted that the busiest day for online shopping orders will be Monday 2 December, which is likely to trigger an increase in volumes handled by parcel carriers.