Locked content LPP plans further Israeli expansion

WSE-listed fashion retailer LPP plans to open its second Reserved store in Israel in H1 2019, furthermore, it mulls opening a Sinsay brand store there as well. The company ultimately wants all its brands to debut on the Israeli market and together with its franchise partner H&O, is currently hol...

Locked content LPP lead shareholders to transfer stakes to private foundations

WSE-listed fashion retailer LPP lead shareholders Marek Piechocki and Jerzy Lubaniec transferred their stakes to two private foundations, LPP reported in a market filing. The transfer was done to “secure continuity of the company’s operations and generational succession.” The foundations, Semper Sim...

Dekpol with contract to expand LPP distribution center

Polish general contractor Dekpol has signed a letter of intent with LPP regarding the construction of a high storage warehouse with a usable area of approx. 23,000 sqm with an office building with a usable area of approx. 5,500 sqm as part of the expansion of the distribution center in Pruszcz Gdańs...

Locked content LPP sees revenue at PLN 10.5 billion in 2021

Clothing retailer LPP targets 2021 revenue at PLN 10.5 billion compared to PLN 7 billion in 2017. The company plans investment of PLN 1.5 billion in the network of shops till 2021, LPP said in a statement. The retailer plans online sales share to reach 20 percent in 2021 versus 8 percent currently. ...

LPP leases 16,000 sqm at Panattoni’s Tri-city park

Fashion retailer LPP has leased a total of approximately 16,000 sqm of warehouse and office space at the ongoing Panattoni Park Gdańsk III project in the Tri-city area. The tenant, who will use the leased space to service the online stores of its Cropp brand in eleven countries, will move into the p...

Locked content LPP sees 2018 capex at PLN 520 mln

WSE-listed fashion retailer LPP plans increasing capex by 18 percent in 2018 to PLN 520 million. The company also plans to expand the area of the stores by 11 percent. “Our goal is to gradually increase the average area of stores of all brands to make room for more and more extensive collectio...

Locked content LPP with PLN 115 mln loss in Q1 2018

Clothing retailer LPP recorded PLN 1.58 million in revenue (16 percent more y/y) and PLN 115 million in operational loss in the first quarter of 2018. The market consensus saw revenue at PLN 1.52 million and EBIT loss at PLN 107.7 million. Gross profit from sales amounted to PLN 710 million (a 14.4 ...

Locked content LPP with PLN 299.5 mln Q4 profit

WSE-listed fashion retailer LPP had a PLN 299.5 million net profit in Q4, slightly down from the pre-released estimate of PLN 302 million. This is a 90.8 percent y/y increase. The group’s revenue stood at PLN 2.14 billion, a 15.9 percent y/y growth, while gross profit from sales amounted to PLN 1.24...

Locked content LPP with PLN 302 mln Q4 net profit

WSE-listed fashion retailer LPP recorded PLN 302 million net profit in Q4 up by 90.9 percent y/y according to the company’s early estimates. The group’s revenue stood at PLN 2.14 billion, a 15.8 percent y/y growth, while gross profit from sales amounted to PLN 1.23 billion. For the full 2017, the co...