GXO Logistics Partners With European Fashion Platform Zalando For Fulfillment Center Operation

GXO Logistics Inc GXO has signed a partnership agreement with online lifestyle platform Zalando to manage the operations of a fulfillment center in Montereau-sur-le-Jard near Paris.

The distribution center will mean GXO create approximately 2,000 jobs in the mid-term.

The 140,000-square meter multi-tiered site will be fully automated and allow Zalando's consumers to access millions of items across their assortment. 

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The facility has air conditioning, break rooms, outdoor terraces, as well as a walkway for passage throughout, and a shuttle system.

"Zalando is our largest project in France to date – in terms of scale, automation, technology and job creation – and we are excited to support Zalando's growth," said Managing Director of France, GXO Rui Marques.

The building will be equipped with a rooftop photovoltaic array that will provide up to 50% of the site's electricity needs as well as energy-saving lighting, thermostats and timers.

Price Action: GXO shares traded lower by 0.44% at $61.24 on the last check Thursday.