LPP news and archive

LPP achieves Q3 revenue growth, outlook positive

In the third quarter, LPP Group achieved revenues of 5.2 billion Polish zloty, up 19.8 percent year-on-year and by 25.2 percent in constant currencies. The company’s online sales were up 35.7 percent due to the development of mobile apps and a broader product offer dedicated to online stores. The group recorded double-digit revenue growth of...

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LPP's VP of management board steps down due to health reasons

On October 17 2024, Przemysław Lutkiewicz, vice-president of the management board of LPP, resigned from his position for health reasons. As a result, the company’s CEO Marek Piechocki intends to propose Marcin Bójko, LPP’s current financial director as the new vice-president, chief financial officer of the company. “Accepting Przemysław...

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LPP posts revenues and profit growth in H1

LPP, a Polish, family-owned company, having five own brands: Sinsay, Reserved, Cropp, House and Mohito, achieved revenues of 9.3 billion Polish zlotys, up by 13.3 percent or by 18.6 percent in constant currency in the first six month period. LPP expects revenue in 2024 to range between 20 to 21 billion Polish zlotys and the gross sales margin of...

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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...

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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...

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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...