InPost Expands UK Presence with Tesco Partnership

InPost (AMS: INPST) has significantly expanded its footprint in the UK by installing 1,000 new parcel lockers, known as Paczkomaty, at Tesco stores. This brings the total number of InPost lockers in the UK to over 10,000. The lockers are strategically placed at a variety of Tesco locations including large supermarkets like Tesco Extra and Superstore, convenience stores such as Tesco ESSO and Tesco Express, and even at Tesco gas stations.

InPost's expansion in the UK is part of its strategy to capitalise on the country's rapidly growing market, which the company has identified as its fastest-growing region. With more than 12,800 Out-of-Home (OOH) locations, InPost is fortifying its logistics network in the UK. This expansion has been further strengthened by the recent acquisition of Yodel, a major UK logistics player, positioning InPost as the third-largest logistics provider in the market.

The company has also partnered with ASOS, a leading online fashion retailer in the UK, to launch a next-day delivery service to OOH points. This collaboration enhances its service offerings, making it more convenient for consumers to receive their packages quickly.

Despite recent growth in locations and partnerships, InPost shares have fallen 9.77% YTD, and continue to trade 23.94% below the price on launch day back in 2021. Analysts' average price target of 19.18 does however indicate that the street believes there is more to come from the firm in the next 12 months.

Founded in 1999 in Poland by Rafał Brzoska, InPost has grown into a major player in the parcel locker and logistics industry.