LPP news and archive

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...

Report

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...

Business

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...

Report

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...

Management |INTERVIEW

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...

Management

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...

Report

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...