SHARE

LPP reports record Q1 revenues of 5.47bn zloty despite like-for-like sales decline

The Polish fashion retailer achieved a record gross margin of 58.5% despite a 2.8% like-for-like sales decline due to unseasonably cold weather. The company targets full-year sales of 26 – 27bn zloty with significant Sinsay expansion planned.

Certification Note

Certified B Corporation” is a trademark licensed by B Lab, a private non-profit organization, to companies like ours that have successfully completed the B Impact Assessment (“BIA”) and therefore meet the requirements set by B Lab for social and environmental performance, accountability, and transparency. It is specified that B Lab is not a conformity assessment body as defined by Regulation (EU) No 765/2008, nor is it a national, European, or international standardization body as per Regulation (EU) No 1025/2012. The criteria of the BIA are distinct and independent from the harmonized standards resulting from ISO norms or other standardization bodies, and they are not ratified by national or European public institutions.