LPP in expansive mood

Plans for expansion “Our strategy is to increase the number of stores in our chains by 10 pct a year. In 2018 we will open Reserved stores in Israel and Slovenia. We are also going to modernise the Reserved store in the Arkadia shopping centre, which is to be extended to 2,800 sqm,” revealed Marek Piechocki, the CEO of LPP, at a recent conference held by LPP in Gdańsk entitled ‘1 Store = PLN 15 mln for the Polish Economy’. This year LPP had a budget of PLN 0.35 bln for investment in the construction and modernisation of its stores. “LPP will have added 61,000 sqm of retail space in 60 locations for all our brands by the end of this year,” said Dorota Patej, the head of LPP’s investment department. According to the company, each store it opens creates around 300 jobs. In 2016, 3,500 people worked on the group’s new investment projects. These included people from 300 outsourcing companies, along with 100 construction teams from six gener