Booktopia has secured a lease for a new Order Fulfillment Center (CFC) at South Strathfield in Western Sydney.
According to Booktopia, after constant modernization, its current Lidcombe facility has become a constraint to the growth and efficiency of the business. With the Lidcombe CFC lease ending in 2023, Booktopia seized “the opportunity to move our customer satisfaction to a larger 20,000m² clean skin facility in the same area”.
The business will move into the new CFC over the next 18 months with the aim of being operational by Christmas next year.
Booktopia will invest $14 million in new equipment this fiscal year and next, in addition to reusing “much” of the company’s existing equipment. It aims to achieve over 12 million units per year “with flexibility built into the design for future expansion”.
Acting CEO Geoff Stalley said: “We continue to see growth opportunities in the Australian book market and the investment in a new customer processing center is not only critical to the performance of the business, but also to ensure that Booktopia is able to deliver on its customer promise now and in the future.
“The new CFC reshapes our supply chain and opens up a significant opportunity to increase profitability and generate cash through a purpose-built, efficient and scalable design.”
Booktopia will release its financial results for the year to June 30, 2022 on Monday August 29.
Category: Local News