Locked content Redan prelim. revenue down 1% in August

Preliminary revenue of Redan stood at PLN 48 million in August, a decrease of 1 percent y/y, the company reported.  In January-August revenue was about PLN 370 million, about 1 percent lower than in the same period last year. The area of Redan sales network at the end of August was 141,300 sqm, abou...

Locked content LPP to spend PLN 200 a year on R&D

Fashion retailer LPP wants to hire over 1,000 employees and spend nearly PLN 200 million a year on R&D, the company stated. “We want to have 2,000 people working on a variety of R&D project by the end of 2018,” said LPP’s CEO Marek Piechocki. The company also wants to allocate PLN 1.5 billio...

Locked content LPP with PLN 524 million revenue in April

Fashion retailer LPP recorded consolidated revenue of PLN 524 million in April, which marks an 11 percent increase y/y, the company stated. For January-April 2017, revenue amounted to PLN 1.886 billion, a 15 percent increase y/y. Internet sales stood at PLN 22.2 million in April and was 76 percent h...

Locked content LPP leases over 4,500 sqm in Posnania

Fashion retailer LPP, the owner of six clothing brands – Reserved, Tallinder, Cropp, House, Mohito and Sinsay, will lease more than 4,500 sqm in the Posnania shopping centre in Poznań. The mall is to be opened in October 2016. The store will feature shop windows of 8m in height. “On it’s openi...

LPP liquidates one of its brands

Fashion retailer LPP, the owner of six clothing brands – Reserved, Tallinder, Cropp, House, Mohito and Sinsay, has announced the liquidation of one of its brands.

Locked content LPP revenues at PLN 495 mln in August

Fashion retailer LPP recorded revenues of PLN 495 million in August, an increase of 15 percent year-on-year, the company announced in a marketing statement. In January-August 2016, the company had revenues of PLN 3.71 billion, which means that they grew by 17 percent y/y. LPP’s retail space am...

Locked content LPP to reach more than 1,000 shops in Poland

Polish fashion giant LPP plans to reach 1,017 shops in Poland and 1,713 in the world by the end of 2016, LPP Vice President Przemysław Lutkiewicz announced. “The opening of the jubilee store will be held in June in Arkadia shopping center in Warsaw; it will be our new premium brand – Tal...

Locked content Fashion stores drive people into shopping mall

Magdalena Frątszak, the director for the trade area department in the CBRE company, emphasizes that for some time already the groceries do not wield the main function in shopping malls. “Now the greatest accelerators are fashion stores. This resembles the trend of smaller amount of money spend...

Locked content EM&F quits fashion business

As of the end of the first half of the year Empik Media & Fashion (EM&F) has finished operating in fashion segment, a press release read. EM&F has got rid of Esprit and Aldo retail chains while GAP has left the Polish market, therefore three of its stores have been shut down. The company...