The opening of new stores in Germany, Romania, the former Yugoslavia and the beginning of expansion in the Middle East have defined the past year of our client – LPP group. The owner of Reserved, Mohito, Sinsay, Cropp and House brands has also revealed his plans for 2016.
LPP goal for 2016 is increasing retail space by 110-120 thousand sqm. “We are planning further development of stores in Germany, Romania, the former Yugoslavia and selectively in other markets we already operate in. We are also planning to open the franchised stores in Middle East” – explains Slawomir Loboda, vice president of LPP SA in interview for retail.net portal.
At present LPP operates a few Reserved stores in the Middle East. They are located in Kuwait, Egypt, Qatar, Saudi Arabia and the United Arab Emirates. Moreover, the group plans to continue operating in Germany recognizing great potential of that market. At a minimum, LPP plans to open another 70 stores in the next five years.
Loboda notes that the company closely follows increasing market demand for high-end goods. He reveals that a new clothing brand will be launched soon. “We want to compete, among others, with such brands as Tommy Hilfiger and Massimo Dutti” – explains Loboda.
Ergo Store cooperates with LPP both on the Polish and foreign markets. Our portfolio include, among others, production of first German Reserved store in Reclinghausen (Reclinghausen Arcaden) as well as Reserved store in Hannover (August Galerie). For LPP we have also produced stores in Russia (Moscow, Novosibirsk, Tomsk, Murmansk), Latvia (Riga), Czech Republic (Ostrava, Decin, Ostrava-city) and Croatia (Zagreb). Moreover, we have equipped a first Reserved store in Kuwait and in Abu Dhabi in the United Arab Emirates. We will inform regularly about forthcoming projects.
Sinsay clothing store in Stop Shop Rožňava retail park, located in south-eastern Slovakia is one of the latest productions prepared by Ergo Store for LPP group.