Redan hopes summer sales will ease its losses
Last year Top Secret brought the company a zl.10 million loss. According to Piotr Kulawinski, president of Redan, the losses will continue throughout the first six months of 2006, but the company will break even during H2. The president added that a wider product range will help boost sales. The beginning of this year brought a favourable rise in the profit margin - in the case of the Top Secret stores it was 19% in February as compared with 5% in February 2005. Redan, which owns Troll and Textil Market brands as well, plans to open five Morgan clothes stores this year. Last year the group's losses amounted to zl.23 million on sales of zl.250 million. (Parkiet, p. 8) A.M.