Budget chain 99p stores has announced plans for a new national distribution centre that will allow the retailer to more than double in size in the next three years.
The site – acquired from warehouse operator ProLogis – is double the size of 99p Stores’ current NDC.
The single-price discounter claimed that the 370,000 sq ft facility would be larger than anything operated by its competitors.
It said the £3m investment in the centre would pave the way for up to 300 new stores, following its acquisition of a swathe of former Woolworths sites.
“We are now working with Prologis on our mid-term plan of opening another NDC within four years in the north of England to build our chain to over 600 stores,” said 99p Stores chairman Gordon Brown.
99p Stores is ‘21st century Woolworths’ (30 January 2010)
Fixed-price stores heading for squeeze as VAT returns to 17.5% (14 November 2009)
Brown named chairman of 99p Stores (17 October 2009)