LPP news and archive

LPP achieves Q3 revenue growth, outlook positive

In the third quarter, LPP Group achieved revenues of 5.2 billion Polish zloty, up 19.8 percent year-on-year and by 25.2 percent in constant currencies. The company’s online sales were up 35.7 percent due to the development of mobile apps and a broader product offer dedicated to online stores. The group recorded double-digit revenue growth of...

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LPP's VP of management board steps down due to health reasons

On October 17 2024, Przemysław Lutkiewicz, vice-president of the management board of LPP, resigned from his position for health reasons. As a result, the company’s CEO Marek Piechocki intends to propose Marcin Bójko, LPP’s current financial director as the new vice-president, chief financial officer of the company. “Accepting Przemysław...

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LPP posts revenues and profit growth in H1

LPP, a Polish, family-owned company, having five own brands: Sinsay, Reserved, Cropp, House and Mohito, achieved revenues of 9.3 billion Polish zlotys, up by 13.3 percent or by 18.6 percent in constant currency in the first six month period. LPP expects revenue in 2024 to range between 20 to 21 billion Polish zlotys and the gross sales margin of...

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LPP records Q1 sales growth, reveals positive outlook

Polish apparel maker LPP Group, owner of brands Sinsay, Reserved, Cropp, House and Mohito achieved revenues of 4.3 billion Polish zloty, up 18.3 percent or 25.5 percent in constant currencies. The company said in a statement that a higher revenue was generated due to the growth of sales in both online and traditional channels. The company also...

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Retailers in race to secure inventory amid Red Sea attacks

While it may appear that the world could not have become any more tumultuous, retailers are now facing another challenge against their supply chain. Since mid-November 2023, the Yemen-based Houthi rebel group has been attacking commercial ships in the Red Sea, in what is yet another instance that possibly threatens to disrupt business operations...

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Polish fashion retailer LPP posts stable Q3 sales growth

In the third quarter, Polish fashion firm LPP Group achieved revenues of 4.4 billion Polish zloty, maintaining a stable revenue level, down 0.4 percent. The company’s year-to-date sales rose 7 percent. The group reported a 24.1 percent increase in their floorspace and growth across brand and online channels. The Sinsay brand recorded revenues of...

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The largest Polish fashion retailer to enter Romania in late 2021

The largest Polish fashion retailer, LPP, which operates the Reserved, Cropp, Mohito, House, and Sinsay brands, will double its storage capacity in Romania as it plans to strengthen its presence in the country. A year ago, the retailer inaugurated a 22,000 square metre distribution center in Romania which allowed the retail group to deliver...

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LPP lays out sales target for Reserved’s London flagship store

LPP, the parent company of Polish fast-fashion label Reserved has laid out an ambitious sales target for its UK flagship store. The company aims to generate PLN 100 million (21.2 million pounds) in sales over the next five years from its Reserved Oxford Street store, as the fast-fashion retailer continues to expand across Europe. The debut...

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LPP to open 50 new stores in Russia

Leading Polish retail group LPP is expanding its presence across Europe. Owner of contemporary fashion brands Reserved, which recently opened its first flagship store in London, Cropp, House, Mohito and Sinsay, the company has set its sights on actively developing in Russia in particular. LPP aims to open 50 new stores in Russia in 2018, as it...

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LPP Q3 revenues increase 21.8 percent

In the third quarter of 2017, LPP SA owner of fashion brands: Reserved, Cropp, House, Mohito and Sinsay said that revenues of 1,813 million Polish zloty were 21.8 percent higher than those gained a year ago owing to the increase in sales area, positive sales figures in LFL stores and the dynamic development of online sales. Gross margin amounted...

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LPP's H1 revenues rise 15 percent, net profit doubles

In the first half of 2017, sales at LPP increased by 15 percent to reach 3 billion Polish Zloty (0.84 billion dollars), and the company generated a net profit of 56 million Polish Zloty (15 million dollars), double figure compared to the same period last year. The company’s gross margin also increased substantially to reach 57 percent...