Reported about 23 hours ago
Polish fashion retailer LPP announced plans to open approximately 1,600 new stores in 2025, aiming for double-digit growth in online sales and substantial overall revenue increases. Despite the ambitious expansion, which primarily focuses on the Sinsay brand, LPP's shares dropped over 6% after a disappointing 7% decline in net profit for Q4 2024, raising concerns about the feasibility of their growth targets.
Source: YAHOO