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Home Business

Red Star Express Plc Expands Services, Begins Grocery Courier

by TheConscience NG
August 31, 2020
in Business, Featured
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Red Star Express Unveils Growth Plan, Declares N9.46billion Turnover
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Customers of Red Star Express Plc, popular logistics company can now send and receive fresh organic groceries across key cities in Nigeria.

This is as the logistics solutions company just extended its services into grocery courier including fresh vegetables, crops and frozen foods (chicken and beef) for customers, in a swift realignment to changing customers behaviour.

The company’s Group Managing Director, Dr. Sola Obabori, said the service was created in response to changing consumer behaviour following the impact of the COVID-19 pandemic.

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“We are mindful of how customers’ shopping habits have changed since the pandemic became widespread. Nowadays, most customers are purchasing products online and having these products delivered to them in their homes.

Red Star Image

To avoid the risks involved in staying in crowded places, less people will be going to the markets to buy food stuffs for their homes. The need to have these items brought to their homes has become vital; making it a challenge that we are looking to provide a solution for with this new service,” he stated.

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Read More: Redstar Express Raises N1.34Bn to Boost Operations

With the Express Groceries service, deliveries are made using vehicles that are equipped with temperature-controlled storage units that ensure that groceries are preserved until they are delivered.

Shareholders of Red Star Express Plc earlier in March 2020 injected N1.35 billion new equity capital into the company to strengthen its operations through a subscribed rights issue.

The company raised N1.347 billion through a rights issue of 336.86 million ordinary shares of 50 kobo each at N4 per share.

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Red Star Express Plc is a Licensee of Federal Express (FedEx) Corporation, the world’s largest delivery solutions provider.

RedStarExpressPlc is made up of 4 divisions and business units specializing in areas such as Express Delivery, Logistics, Freight, Outsourcing services, Supply Chain Management, E-Commerce Facilitation, Printing and Packaging, E-Archiving, as well as Agro Trade Logistics.

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