The Polish retail operator LPP Group, managing the brands Reserved, Cropp, House, Mohito, Sinsay, intends to open ten new stores with a total area of about 12,000 square meters in Ukraine in 2018, increasing the network to 98 outlets.
“Last year was very intensive for the development of the LPP network in Ukraine. In the past 12 months we have opened 16 new stores of 12,000 square meters in this country. Thus, by the end of 2017 our network in Ukraine grew to 88 shops of all five brands, the total area of which was 49,000 square meters,” the LPP spokeswoman told Interfax-Ukraine.
According to her, the company is very pleased with the results of sales in Ukraine’s LPP stores last year, which “gave a big impetus to the further expansion of the network in Ukraine.”
“The Ukrainian market is characterized by a significant sales potential. The key aspect here is almost 50 million people. This is one of the largest markets where LPP brands are present … As part of the development of the network, we plan to open ten stores in Ukraine in 2018: three Reserved stores, two Cropp stores, and five Sinsay shops. This will allow increasing the retail area of the network to 61,000 square meters,” the expert said.
LPP S.A. was established in 1995. The first store of the Reserved brand was opened in 2000.