Jeffs’ Brands Supports Fort’s Growth By Leasing a New Warehouse of Over 10,000 square feet in the UK
Jeffs' Brands (Nasdaq: JFBR), an e-commerce company operating on Amazon Marketplace, has announced that its subsidiary Fort Product has leased a new warehouse in Newhaven, England. The 10,638 square feet facility will primarily be used for storage and distribution of Fort's pest control products. This strategic move aims to support Fort's growth and manage increased inventory following the transfer of production to China.
The annual rent for the warehouse is £52,000. CEO Viki Hakmon stated that this expansion will enable the company to better serve their growing customer base in the UK and Europe while reducing reliance on external logistic warehouses and cutting costs. The new property is expected to help streamline logistics to meet increasing demand efficiently.
Jeffs' Brands (Nasdaq: JFBR), un'azienda di e-commerce che opera su Amazon Marketplace, ha annunciato che la sua controllata Fort Product ha affittato un nuovo magazzino a Newhaven, Inghilterra. La struttura di 10.638 piedi quadrati sarà principalmente utilizzata per il magazzinaggio e la distribuzione dei prodotti per il controllo dei parassiti di Fort. Questa mossa strategica mira a sostenere la crescita di Fort e a gestire un inventario maggiore in seguito al trasferimento della produzione in Cina.
Il canone annuale per il magazzino è di £52.000. La CEO Viki Hakmon ha dichiarato che questa espansione permetterà all'azienda di servire meglio la propria base clienti in crescita nel Regno Unito e in Europa, riducendo al contempo la dipendenza da magazzini logistici esterni e abbattendo i costi. Si prevede che la nuova proprietà aiuti a semplificare la logistica per soddisfare la crescente domanda in modo efficiente.
Jeffs' Brands (Nasdaq: JFBR), una compañía de comercio electrónico que opera en Amazon Marketplace, ha anunciado que su subsidiaria Fort Product ha alquilado un nuevo almacén en Newhaven, Inglaterra. La instalación de 10,638 pies cuadrados se utilizará principalmente para almacenamiento y distribución de los productos de control de plagas de Fort. Este movimiento estratégico tiene como objetivo apoyar el crecimiento de Fort y manejar un aumento en el inventario tras la transferencia de producción a China.
El alquiler anual del almacén es de £52,000. La CEO Viki Hakmon declaró que esta expansión permitirá a la empresa servir mejor a su creciente base de clientes en el Reino Unido y Europa, al mismo tiempo que reduce la dependencia de almacenes logísticos externos y disminuye costos. Se espera que la nueva propiedad ayude a optimizar la logística para satisfacer la creciente demanda de manera eficiente.
제프스 브랜드(나스닥: JFBR)는 아마존 마켓플레이스에서 운영되는 전자상거래 회사로, 자회사인 포트 제품이 영국 뉴헤이븐에 새로운 창고를 임대했다고 발표했습니다. 10,638 평방피트 규모의 시설은 주로 포트의 해충 방제 제품의 저장 및 유통에 사용될 예정입니다. 이 전략적 결정은 포트의 성장을 지원하고 중국으로의 생산 이전에 따른 재고 증가를 관리하기 위한 것입니다.
창고의 연간 임대료는 £52,000입니다. CEO 비키 하크몬은 이 확장이 회사가 영국과 유럽에서 증가하는 고객 기반을 더 잘 서비스할 수 있도록 하며, 외부 물류 창고에 대한 의존도를 줄이고 비용을 줄일 수 있게 할 것이라고 말했습니다. 새로운 자산은 증가하는 수요를 효율적으로 충족시키기 위해 물류를 간소화하는 데 도움이 될 것으로 예상됩니다.
Jeffs' Brands (Nasdaq: JFBR), une entreprise de commerce électronique opérant sur Amazon Marketplace, a annoncé que sa filiale Fort Product a loué un nouvel entrepôt à Newhaven, en Angleterre. Le bâtiment de 10 638 pieds carrés sera principalement utilisé pour le stockage et la distribution des produits de lutte antiparasitaire de Fort. Ce mouvement stratégique vise à soutenir la croissance de Fort et à gérer l'augmentation des stocks suite au transfert de la production en Chine.
Le loyer annuel de l'entrepôt est de £52,000. La PDG Viki Hakmon a déclaré que cette expansion permettra à l'entreprise de mieux servir sa clientèle croissante au Royaume-Uni et en Europe, tout en réduisant la dépendance envers les entrepôts logistiques externes et en diminuant les coûts. La nouvelle propriété devrait aider à rationaliser la logistique pour répondre efficacement à la demande croissante.
Jeffs' Brands (Nasdaq: JFBR), ein E-Commerce-Unternehmen, das auf dem Amazon Marketplace tätig ist, hat bekannt gegeben, dass seine Tochtergesellschaft Fort Product ein neues Lager in Newhaven, England gemietet hat. Die 10.638 Quadratfuß große Einrichtung wird hauptsächlich für die Lagerung und Verteilung von Forts Schädlingsbekämpfungsprodukten genutzt. Diese strategische Entscheidung zielt darauf ab, das Wachstum von Fort zu unterstützen und das erhöhte Inventar nach der Verlagerung der Produktion nach China zu verwalten.
Die jährliche Miete für das Lager beträgt £52.000. CEO Viki Hakmon erklärte, dass diese Erweiterung dem Unternehmen helfen wird, seine wachsende Kundenbasis im Vereinigten Königreich und Europa besser zu bedienen, während die Abhängigkeit von externen Logistiklagern verringert und Kosten gesenkt werden. Die neue Immobilie wird voraussichtlich dazu beitragen, die Logistik zur effizienten Erfüllung der wachsenden Nachfrage zu optimieren.
- Expansion of storage capacity with a 10,638 square feet warehouse
- Potential for reduced costs by relying less on external logistic warehouses
- Improved ability to serve growing customer base in UK and Europe
- Streamlined logistics to meet increasing demand more efficiently
- Additional annual expense of £52,000 for warehouse rent
Insights
The leasing of a new 10,638 square feet warehouse in Newhaven, UK, by Fort Product is a strategic move that could yield significant benefits for Jeffs' Brands. This expansion aligns with the company's growth trajectory and recent shift in production to China. The
- Improved inventory management and reduced reliance on external logistics providers
- Enhanced control over distribution, potentially leading to faster delivery times
- Cost reduction through streamlined operations and economies of scale
However, it's important to monitor how effectively this new space is utilized and whether the increased capacity translates to proportional revenue growth. The success of this move will depend on Fort's ability to capitalize on the expanded storage and distribution capabilities to meet growing demand efficiently.
Jeffs' Brands' strategic warehouse expansion for Fort Product demonstrates a proactive approach to scaling their Amazon FBA business. This move could potentially enhance their competitive edge in several ways:
- Improved inventory turnover rates, reducing stockouts and lost sales opportunities
- Enhanced ability to capitalize on seasonal demand fluctuations
- Potential for expanding product lines and entering new market segments
However, investors should closely monitor key performance indicators such as inventory turnover ratio, fulfillment costs and overall profit margins to gauge the effectiveness of this expansion. While the increased capacity is promising, it's essential to ensure that it translates into proportional revenue growth and improved operational efficiency to justify the additional overhead costs.
Tel Aviv, Israel, Aug. 08, 2024 (GLOBE NEWSWIRE) -- Jeffs' Brands Ltd (“Jeffs’ Brands” or the “Company”) (Nasdaq: JFBR, JFBRW), a data-driven e-commerce company operating on the Amazon Marketplace, is pleased to announce that its wholly-owned subsidiary Fort Product Ltd. (“Fort”) has signed a lease agreement for a new warehouse in England. This strategic move is designed to support Fort’s growth and manage the increased inventory following the transfer of production to China.
The newly rented warehouse, located in Newhaven, East Sussex England, spans over a total area of 10,638 square feet (988.3 square meters) and will be used primarily for storage and distribution of Fort’s pest control products. The annual rent for the warehouse amounts to
Viki Hakmon, Jeffs’ Brands’ CEO, stated, “We are excited to take this important step in our expansion strategy. The new warehouse will enable us to better serve our growing customer base in the UK and Europe by relying less on external logistic warehouses and reducing our costs. We hope this property will help support our efforts to streamline our logistics to meet increasing demand efficiently.”
About Jeffs’ Brands Ltd
Jeffs' Brands aims to transform the world of e-commerce by creating and acquiring products and turning them into market leaders, tapping into vast, unrealized growth potential. Through the Company’s management team’s insight into the FBA Amazon business model, it aims to use both human capability and advanced technology to take products to the next level. For more information on Jeffs’ Brands Ltd visit https://jeffsbrands.com.
Forward-Looking Statement Disclaimer
This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, that are intended to be covered by the “safe harbor” created by those sections. Forward-looking statements, which are based on certain assumptions and describe our future plans, strategies and expectations, can generally be identified by the use of forward-looking terms such as “believe,” “expect,” “may,” “should,” “could,” “seek,” “intend,” “plan,” “goal,” “estimate,” “anticipate” or other comparable terms. For example, we are using forward-looking statements when discussing our ability to better serve our growing customer base in the UK and Europe by using our newly rented warehouse in Newhaven, England. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Our actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements include, among others, the following: our ability to adapt to significant future alterations in Amazon’s policies; our ability to sell our existing products and grow our brands and product offerings, including by acquiring new brands; our ability to meet our expectations regarding the revenue growth and the demand for e-commerce; the overall global economic environment; the impact of competition and new e-commerce technologies; general market, political and economic conditions in the countries in which we operate; projected capital expenditures and liquidity; the impact of possible changes in Amazon’s policies and terms of use; and the other risks and uncertainties described in the Company’s Annual Report on Form 20-F for the year ended December 31, 2023, filed with the U.S. Securities and Exchange Commission (“SEC”), on April 1, 2024 and our other filings with the SEC. We undertake no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise.
Investor Relations Contact:
Michal Efraty
Adi and Michal PR- IR
Investor Relations, Israel
michal@efraty.com
FAQ
What is the size of the new warehouse leased by Jeffs' Brands' subsidiary Fort Product ?
Where is the new warehouse for Jeffs' Brands (JFBR) located?
How much is the annual rent for Jeffs' Brands' (JFBR) new warehouse in England?
What will Jeffs' Brands (JFBR) use the new warehouse for?
