LPP news and archive

LPP records Q1 sales growth, reveals positive outlook

Polish apparel maker LPP Group, owner of brands Sinsay, Reserved, Cropp, House and Mohito achieved revenues of 4.3 billion Polish zloty, up 18.3 percent or 25.5 percent in constant currencies. The company said in a statement that a higher revenue was generated due to the growth of sales in both online and traditional channels. The company also...

Fashion

LPP expands used clothing donation scheme

Polish clothing company LPP, which operates brands including Reserve, is expanding its used clothing collection programme to foreign markets. LPP began accepting donated used clothes from any brand in 2018. Initially, only selected Reserved showrooms were part of the scheme and was gradually expanded to cover further brands and locations in...

BusinessFeatured

Retailers in race to secure inventory amid Red Sea attacks

While it may appear that the world could not have become any more tumultuous, retailers are now facing another challenge against their supply chain. Since mid-November 2023, the Yemen-based Houthi rebel group has been attacking commercial ships in the Red Sea, in what is yet another instance that possibly threatens to disrupt business operations...

Business

Polish fashion retailer LPP posts stable Q3 sales growth

In the third quarter, Polish fashion firm LPP Group achieved revenues of 4.4 billion Polish zloty, maintaining a stable revenue level, down 0.4 percent. The company’s year-to-date sales rose 7 percent. The group reported a 24.1 percent increase in their floorspace and growth across brand and online channels. The Sinsay brand recorded revenues of...

Business

The largest Polish fashion retailer to enter Romania in late 2021

The largest Polish fashion retailer, LPP, which operates the Reserved, Cropp, Mohito, House, and Sinsay brands, will double its storage capacity in Romania as it plans to strengthen its presence in the country. A year ago, the retailer inaugurated a 22,000 square metre distribution center in Romania which allowed the retail group to deliver...

Business

LPP lays out sales target for Reserved’s London flagship store

LPP, the parent company of Polish fast-fashion label Reserved has laid out an ambitious sales target for its UK flagship store. The company aims to generate PLN 100 million (21.2 million pounds) in sales over the next five years from its Reserved Oxford Street store, as the fast-fashion retailer continues to expand across Europe. The debut...

Retail |INTERVIEW Featured

LPP to open 50 new stores in Russia

Leading Polish retail group LPP is expanding its presence across Europe. Owner of contemporary fashion brands Reserved, which recently opened its first flagship store in London, Cropp, House, Mohito and Sinsay, the company has set its sights on actively developing in Russia in particular. LPP aims to open 50 new stores in Russia in 2018, as it...

Business

LPP Q3 revenues increase 21.8 percent

In the third quarter of 2017, LPP SA owner of fashion brands: Reserved, Cropp, House, Mohito and Sinsay said that revenues of 1,813 million Polish zloty were 21.8 percent higher than those gained a year ago owing to the increase in sales area, positive sales figures in LFL stores and the dynamic development of online sales. Gross margin amounted...

Fashion Featured

Timeline: The Rise of Polish fashion retailer Reserved

Polish fashion retailer Reserved is set to open its first flagship store in the heart of London at 11 am today, as the brand aims to expand across Europe. Located at 525 Oxford Street, the fast-fashion retailer may not be a household name in the UK yet, but its Autumn-Winter '17 campaign, starring British top model Kate Moss, will have...

RetailFeatured

Polish retailer Reserved opens UK flagship

Polish fashion retail group LPP has entered the UK market with the opening of its flagship brand, Reserved, with a store on Oxford Street in London. Located within the former BHS unit at 252 Oxford Street, Reserved have opened a 32,000 square foot store, offering its trend-led affordable fashion for women, men and children. The opening, which...

Business

LPP's H1 revenues rise 15 percent, net profit doubles

In the first half of 2017, sales at LPP increased by 15 percent to reach 3 billion Polish Zloty (0.84 billion dollars), and the company generated a net profit of 56 million Polish Zloty (15 million dollars), double figure compared to the same period last year. The company’s gross margin also increased substantially to reach 57 percent...