By
Reuters
Published
September 25, 2025
Poland’s biggest fashion retailer, LPP, on Thursday reported a 5.4% jump in second-quarter net profit, driven by the continued strength of its budget-friendly Sinsay chain.
LPP — the owner of fashion brands including Reserved, Sinsay, and others across Central Europe — said net profit for the second quarter totaled 467 million zlotys ($127.75 million), slightly below analysts’ forecast of 497 million zlotys.
LPP is pursuing rapid European expansion with a strong focus on Sinsay, its entry-level fashion brand designed to rival fast-fashion players such as Inditex’s Bershka. The group aims to increase its retail space by 25–30% in 2025, targeting Sinsay to account for 75% of overall group sales. It also plans to grow its store network to approximately 7,500 outlets by the end of 2027.
The company said positive momentum had continued into the third quarter. From August 1 to September 21, it recorded like-for-like (LFL) sales growth, with online sales rising 24% year-on-year and overall group sales up 22% in constant currencies.
LPP recently revised its 2025/26 revenue forecast to between 23 and 24 billion zlotys, down from the previously projected 25–26 billion zlotys. The downgrade was attributed to exceptionally cold weather in May, which impacted demand for its spring-summer collections.
Second-quarter net profit increased 5.4% to 467 million zlotys compared to the same period last year, with revenue climbing 11% to 5.55 billion zlotys. The group opened 432 new stores in the first half of the year.
($1 = 3.6556 zlotys)
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