Money Buzz! Europa

Tag: LPP

  • Polish group LPP doubles its warehouse space in Romania

    Polish group LPP doubles its warehouse space in Romania

    LPP has proceeded to expand its Fulfilment Centre warehouse near Bucharest. Completion of the works is scheduled for Q3 2021.

    The warehouse, which handles online orders of LPP brands, will gain an additional 21,000 m2.

    The expanded warehouse, with a total area of 42,000 m2, will eventually serve not only online orders from Romania, but also from neighbouring countries.

    The new facility will also carry out cross-dock operations to supply the LPP brick and mortar stores network in Romania and Bulgaria, which currently comprises a total of over 100 stores.

    LPP plans to launch online sales in Bulgaria later this year.

    LPP has an e-commerce warehouse currently under construction in Russia and the distribution centre in Brześć Kujawski.

    Upon completion of all three facilities, the group’s total warehouse space will increase by 50%, i.e. from the current 253,000 m2 to 378,000 m2.

  • Polish fashion retailer Sinsay opened its first store in Botosani, Romania

    Polish fashion retailer Sinsay opened its first store in Botosani, Romania

    The fashion brand Sinsay, part of the LPP Fashion group, has opened a mono-brand store in Botoşani within the Uvertura Mall shopping center.

    The Polish group has been present in Romania since 2007 and owns 77 stores under five brands: Reserved, Cropp, Mohito, House and Sinsay.

    The new unit in Botoşani under the Sinsay brand has an area of ​​900 square meters. At the same time, through the Sinsay opening, the shopping center will reach a 100% occupancy rate.

    Sinsay is the youngest brand of LPP Polish group, being launched in 2013. Originally, Sinsay was designed as a brand dedicated to teenage girls but under the new strategy of development, the brand’s collection was completed to meet the needs of the whole family.

    Currently Sinsay counts 25 stores in Romania and the largest one will have 2,000 square meters and will be open in the Colloseum Mall project in Bucharest.

  • LPP generated PLN 2.1 bn revenues from May to July 2020

    LPP generated PLN 2.1 bn revenues from May to July 2020

    In the period from May to July, LPP generated PLN 2.1 bn revenues and operating profit of PLN 32.3 m. Revenues were lower than in the comparable period last year by 9%.

    The pick-up in revenues in that period was due to lifting the economic lockdown restrictions and record e-commerce turnover, which translated into PLN 3.3 bn of total revenues in H1, a fall YoY by 20.6%.

    Three-digit dynamics in the online channel, which reached 125% YoY, provided LPP with revenues exceeding PLN 621 m. Thus, online sales in Q2 accounted for 29.2% of the Group’s turnover and 30.9% from Poland, which accounted for approximately 48% of the total online revenues.

    Despite the continuing difficult situation in all markets, Q2 of 2020/21 turned out to be another one for LPP withe foreign revenues exceeding the domestic ones. In the period from May to July, they accounted for nearly 55% of total revenues.

  • Sinsay to open the biggest store in Poland in Galeria Północna

    Sinsay to open the biggest store in Poland in Galeria Północna

    Galeria Północna has signed an agreement with LPP to relocate its Sinsay store. The deal will result in the largest brand store in Poland with over 2,600 sq. m.

    The new Sinsay will have a total of 2,665 sq. m of area on two floors of Galeria Północna and is scheduled top open mid-December.

    Recently, a brand new Food Hall has been opened in the shopping center. It is a combination of four, newly established restaurants on the Warsaw market, including Zdrowia Smak, La Terra Cafe, La Terra Pizzeria, and Burger Booth.

    Also, Galeria Północna received a new mural on the roof as well as two new playgrounds. On the other hand, a new arcade place has been opened and the outside playground has been expanded with a zip line.

  • LPP opens a warehouse in Sered, Slovakia

    LPP opens a warehouse in Sered, Slovakia

    LPP has launched a Fulfilment Enter-type warehouse in Slovakia as part of its e-commerce channel development strategy, to support online sales on Central European markets.

    The warehouse located in PNK Park Sered was originally to cover 25.000 m2 of industrial space with an option to expand it by another 7.000 m2 over the next three years.

    The decision to open a warehouse in Slovakia is part of the company’s strategy for the development of its international distribution network.

    The building has been divided into two parts, the first one with an area of 17,000 m2 is mostly dedicated to manual operations.

    The second part (15,000 m2) is dedicated to automatic solutions and cross-dock operations of goods intended for the stores chain. It has also been equipped with high storage racks for e-commerce and brick-and-mortar stores from the Central Europe region.

    The total storage area for this purpose includes as many as 2040 pallet spaces. Despite the relatively short time that has passed since the launch of the facility, the maximum number of products that entered and left the warehouse in one day has reached 152,000.

    The investment makes it possible to offer all customers of LPP brands from the Central European region the next business day delivery, and in some locations even the same day delivery.

  • LPP implemented an AI innovative solution to optimise the order picking

    LPP implemented an AI innovative solution to optimise the order picking

    LPP, together with PSI Polska, a producer of software for industry, implemented an innovative solution to optimise the order picking path using Artificial Intelligence in the Fulfilment Centre-type warehouse belonging to the Polish clothing company.

    LPP, the owner of Reserved, Cropp, House, Mohito and Sinsay brands, handling about 11 million orders a year, is one of the leaders of the e-commerce market in Poland and Europe.

    The dynamic growth of online sales, also in connection with the Covid-19 epidemic, poses an increasing challenge to meet the growing demand of customers for online shopping. Last year, the share of online sales in LPP operations was 12%.

    However, the pandemic has significantly changed the balance of power between the traditional and online channels. 

    The AI solution allows to generate lists of products needed to complete an order in real time, determine the shortest path and propose optimum use of resources, including equipment, trolleys and time of warehouse employees.

    This is done, among other things, through the use of the so-called genetic algorithm, which, through the application of evolutionary operators (such as crossing and mutations), allows to create an optimum picking list.