LPP with 22% revenue growth in January, margin down by 35%

WSE-listed fashion retailer LPP, owner of such brands as Reserved, Cropp and House among others, increased its group sales revenues by some 22 percent year-on-year to PLN 508 million in January, however the gross margin fell by 7 pps y/y to 35 percent, the company said in a market filing. The margin was strongly affected…

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