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 ambition is to enter at least one new market each year. In 2019 it plans opening new shops in Finland and Bosnia and Herzegovina. In three years time LPP wants to create 4,000 new jobs in Poland and to spend PLN 2.2 billion on investments in the country, CEO Marek Piechocki said.