Benzinga | Oct 6, 2021 03:22PM EDT

GXO, Abercrombie & Fitch To Open Distribution Center In Goodyear, Arizona

* Abercrombie & Fitch Co (NYSE:ANF) and GXO Logistics Inc (NYSE:GXO) agreed to open a new 715,000 square-foot distribution center in Goodyear, Arizona.

* The highly automated facility will serve as Abercrombie & Fitch's new hub for its West Coast operations when it becomes fully operational in late 2021.

* Intelligent analytics, including AI and machine learning, will be deployed to deliver fast, efficient distribution of products to customers.

* The distribution center will create more than 300 jobs in the Phoenix metropolitan area.

* The new multi-year agreement brings GXO's total square footage in the area to more than two million square feet. GXO currently operates seven warehouses in the region.

* Price Action: ANF shares are trading lower by 3.52% at $37.8, while GXO is down 0.96% at $77.62 on the last check Wednesday.