Monnari plans to improve margins, expand retail space

WSE-listed fashion retailer Monnari hopes to improve its margins for this year, after increasing gross sales margin to 55.4 percent in 2017 (from 54.5 percent in 2016), the company’s CEO Mirosław Misztal said. The company also plans to expand its retail space by 5-7 percent y/y this year. Monnari had PLN 21.7 million net profit last year, down from PLN 35.82 million in 2016, while revenues increased to PLN 247.44 million from PLN 231.77 million two years ago.