Clipper Logistics could reap benefits of a traffic-free Oxford Street

Joanna Bourke
Clipper Logistics delivers to a number of retailers in London: Getty Images

Clipper Logistics on Thursday revealed a first half sales jump and said it is hoping to win new business off the back of radical plans to pedestrianise Oxford Street.

The warehousing and distribution firm’s boss Steve Parkin said if the famous shopping street does become traffic-free, it will be more difficult for shops to get deliveries.

He added: “We are hoping the retailers there sign up for our consolidation service, which we run on Regent Street. That could mean significant contract wins.”

Under the Regent Street scheme, companies such as Ted Baker and Superdry all store their goods in Clipper Logistics’ Enfield warehouse and have them delivered in one vehicle to the West End rather than each using different transport firms.

Parkin’s comments came as Clipper Logistics posted a 21.1% sales increase to £199.7 million for the six months to October 31.

The Leeds United sponsor was boosted by online orders growth from a number of customers.

Pre-tax profit rose 15.6% to £7.9 million.