Future Retirement Success
  • Politics
  • Business
  • Investing
  • Stocks
  • Politics
  • Business
  • Investing
  • Stocks

Future Retirement Success

Business

Royal Mail expands parcel locker network with Yeep! partnership

by August 5, 2024
August 5, 2024
Royal Mail expands parcel locker network with Yeep! partnership

Royal Mail is set to enhance its parcel locker network through a strategic partnership with Yeep! and plans to introduce its own proprietary network next year.

This expansion aims to bolster its presence in the rapidly growing out-of-home parcels market, driven by the surge in online shopping.

Starting January, the collaboration with Yeep! will provide Royal Mail customers access to over 1,000 additional parcel lockers. Yeep!’s network is projected to expand to 3,000 lockers by the end of next year.

Martin Seidenberg, CEO of International Distribution Services (IDS), Royal Mail’s parent company, highlighted the significance of this partnership in enhancing the convenience of sending and receiving parcels. The out-of-home market, including parcel lockers, is considered a crucial growth area for investors.

EP Group, which is in the process of a £3.6 billion takeover bid for IDS, believes Royal Mail requires approximately 20,000 lockers, including its own network, at an estimated cost of £200 million to £400 million. EP Group declined to comment on the specifics.

Following the Yeep! partnership, Royal Mail will offer over 21,000 locations for parcel services, including more than 2,500 lockers, 11,500 Post Office branches, and 5,000 Collect+ stores. This expansion builds on Royal Mail’s agreement with PayPoint in February, granting access to the Collect+ network at thousands of local stores.

Yeep! introduced the UK’s first battery-powered parcel locker last year, which requires no groundworks or wiring and can be installed within an hour. This innovation aligns with Royal Mail’s strategy to remain at the forefront of customer convenience and market trends.

Seidenberg stated, “We want to be present in that market and we want to be seen also in the streets … It’s part of us showing that we are innovative and we are going with the trends and we are there for the customers.”

Read more:
Royal Mail expands parcel locker network with Yeep! partnership

0
FacebookTwitterGoogle +Pinterest
previous post
Huw Edwards faces potential loss of Baftas as universities rescind honours
next post
Labour urged to inject £27bn to kick-start economic growth

You may also like

Sturgeon told: No euro, no membership

October 27, 2022

Retail sector woes continue with flat sales in...

October 5, 2023

Airbus set to build new helicopters at British...

June 19, 2023

Persil advert banned for misleading green claims

August 31, 2022

Ed Miliband launches state-backed offshore wind initiative

July 25, 2024

UK government demands answers from Amazon over policy...

August 12, 2023

Radical land tax proposal gains traction with support...

August 27, 2024

Sainsbury’s signs deal with food delivery app Just...

January 17, 2023

UK faces ‘heightened recession risks’ as interest rates...

August 24, 2023

Rishi Sunak returns to alma mater with new...

January 22, 2025

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Musk jokes about reconsidering stance on Big Beautiful Bill after Schiff’s praise

      June 7, 2025
    • Musk deletes explosive posts about Trump and Epstein files

      June 7, 2025
    • House witness flips script on Dem who ambushed him during hearing with unearthed tweet: ‘Iceberg is ahead’

      June 7, 2025
    • Call with China’s Xi, and Trump-Musk exchange fueled barbs during 20th week in office

      June 7, 2025
    • Trump’s conservative allies warn Congress faces critical ‘test’ with $9.4B spending cut proposal

      June 7, 2025
    • Tech ETFs are Leading Since April, but Another Group is Leading YTD

      June 7, 2025

    Categories

    • Business (8,152)
    • Investing (2,019)
    • Politics (15,567)
    • Stocks (3,136)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: futureretirementsuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 futureretirementsuccess.com | All Rights Reserved