Iceland acts after supply chain infrastructure failure

Iceland says it took immediate action in January to change the management of its supply chain, in response to infrastructure failure it experienced over Christmas.

Since then, it said, unveiling its annual results, the supply chain has “operated satisfactorily.

“During the year we reactivated our Deeside depot, initially to warehouse and distribute chilled food and grocery lines for stores in North West England, Northern Ireland and our International business.

“The depot is operating smoothly, providing additional capacity to support our established multi-temperature regional distribution centres at Livingston, Warrington, Enfield and Swindon.”

Group sales were up eight per cent to £3 billion for the year to 30th March, but adjusted EBITDA slipped from £160m to £157.1m.

Iceland group managing director Tarsem Dhaliwal said: “This year we have continued to take a long term view and to invest for the future: expanding our store footprint, enhancing the appeal of our existing stores through a major programme of refurbishments, growing our award-winning Online business, continuing to roll out new and exciting food lines that are unique to Iceland, and developing our supply chain to support the growth of our retail estate.”