Royal Mail to Add Shoe, Clothing Deliveries to Confront Rivals

Royal Mail Plc will target footwear and clothing sellers and carry heavier packages as it competes with an increasing number of delivery companies angling for a share of Britain’s parcel market.

The U.K. parcel division handled 120 million packages in December, a 4 percent increase from a year earlier, Chief Executive Officer Moya Greene said in an interview. Revenue from the unit was unchanged for the first nine months of the fiscal year, with an excess of delivery operators weighing on prices, she said.