LPP with PLN 651 million revenue in July

WSE-listed fashion retailer LPP recorded consolidated revenue of PLN 651 million in July, which marks a 22 percent increase y/y, the company stated. For January-July 2017, revenue amounted to PLN 3.72 billion, a 16 percent increase y/y. Internet sales stood at PLN 28.2 million in July and was 188 percent higher than in the corresponding month of last year, while for the January-July period - PLN 164 million (an 110 percent increase). The retailer's store space stood at 927,000 sqm at the end of July and was 6 percent bigger y/y. LPP has several fashion brands in its portfolio, including Reserved, Cropp, House, Mohito and Sinsay. It has been listed on the Warsaw Stock Exchange since 2001. In 2016 the company's consolidated revenue stood at PLN 6.02 billion.