Polish retail chain sweeps Russian market

Reserved, a fashionable brand being a member of Polish LPP group, is going to open its Russia's largest store.

Polish retail chain sweeps Russian market

Reserved, a fashionable brand being a member of Polish LPP group, is going to open its Russia's largest store. The retailer has rented more than 2,430 square meters inside Gallery Retail Park located in the very heart of Saint Petersburg. The opening ceremony is scheduled for the first day of April 2016. The store will be positioned as a flagship shop in the Northern Capital. The newly opened Reserved store in Saint Petersburg will present all of the brand's collections: men's and women's clothes as well as children's line, footwear and accessories. The brand's main mono store in Moscow has been operating since 2013. Today, the brand is widely represented in Russia with the total number of Reserved branded stores exceeding 80. Its global chain comprises more than 500 stores with most of them located in countries of the Central and Eastern Europe. We remind that in autumn 2015 LPP, a Polish fashion company, announced its intention to continue to develop in Russia and CIS countries. Such decision was made thanks to its good performance achieved in this region. In particular, a growth of productivity in Russia influenced the company's net profit which totaled PLN 99 million despite forecast 69 million.