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Thursday, 11 February 2021 12:12

JD Sports Fashion to build distribution centre in EU

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To avoid paying post-Brexit tariffs, British sportswear retailer JD Sports Fashion plans to build a distribution centre within the European Union. The centre would also help the retailer create around 1,000 jobs, says a report by Business of Fashion.

The end of Brexit transition on December 31 has affected many UK retailers like Marks & Spencer and ASOS who faced tariffs on items not made in the UK. They had to pay tariffs for sourcing products from the Far East and exporting them to Europe. JD needs to build an additional distribution centre in Europe to complement its existing complex in Rochdale, northern England. It also needs to 1,000 people in Europe. This alongwith post-Brexit tariffs, additional paperworks and red tape is costing the group millions of pounds.

JD Sports Fashion is a sports-fashion retail company based in Bury, England with shops throughout the United Kingdom. It is listed on the London Stock Exchange and is a constituent of the FTSE 1000 Index