Home Delivery Network's (HDNL) CFO says the firm is on track for growth, nine months after it announced six depot closures and 700 job cuts (MT 29 January).
Although the depot closures were responsible for the majority of HDNL's £17.9m loss in the year to 30 April 2009, HDNL says they were necessary.
Speaking to MT, Mark Blundell says: "At the start of the year, we were not getting the throughput with some of the existing
depots, so they were just surplus really.
"However, in terms of internet shopping, we are still seeing growth, and during 2009 we have won some five-year contracts. This has put us in a strong position."
As part of its growth strategy to attract new clients, HDNL has teamed up with TNT Post Parcel Service to offer its clients deliveries in up to 200 countries.
In January HDNL is going head-to-head with Royal Mail's second-class mail delivery by offering retailers a distribution service for parcels up to 2kg called HDN Lite.
Blundell says: "We are changing our business model. Traditionally we have been a 24-48 hour parcel delivery
carrier, but this is changing with our new services.
"We are improving our efficiency and looking to push on savings to our clients," he adds.
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