Business
Leon's Announces Opening of State of the Art Distribution Centre in Delta, B.C.
Leon's Announces Opening of State of the Art Distribution Centre in Delta, B.C. Ca...
About this update from Leon's Furniture Limited
[{"type":"text","content":"\n\n\n\nLeon's Announces Opening of State of the Art Distribution Centre in Delta, B.C.\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n\n\n\n\n\n\n\nCanada NewsWire\nTORONTO, Oct. 16, 2017\n\n\n\nNew facility to drive cost savings and efficiencies as part of national distribution network \n\n\n\nTORONTO, Oct. 16, 2017 /CNW/ - Leon's Furniture Limited (\"Leon's\" or the \"Company\") (TSX: LNF), today announced the opening of a state-of-the-art 432,346 square foot distribution centre (\"Delta DC\" or the \"DC\") in Delta, British Columbia. The Delta DC is the largest capital investment the Company has made on a single property in its over 100-year history and will significantly increase the company's inventory capacity in the province. Two existing warehouses in British Columbia will be consolidated into the Delta DC. The DC is expected to generate meaningful cost savings and efficiencies over the next several years as the Company's online and bricks and mortar businesses in the province continue to grow. \n\n\"Our new Delta facility represents an important milestone on our ongoing journey to generate meaningful efficiencies throughout our network,\" said Edward Leon, President and Chief Operating Officer of Leon's. \"This new DC will enhance product availability and shipping times within the province of B.C. while generating meaningful cost savings over time as we continue to ramp-up our west coast presence. This is the first time since our acquisition of The Brick, that a distribution facility in our network has been positioned to handle product for both of our primary banners. Furthermore, this is an example of a model that we could replicate in other areas of the country to enhance our industry-leading, national distribution capabilities.\" \n\nThe Delta DC is owned 50% by Leon's and 50% by Beedie Development of Vancouver and represents an investment of over $65 million. At full capacity the DC can hold approximately $40 million in inventory at retail and features state-of-the-art equipment, systems and processes to ensure that product is mov...