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 2