Poland’s Fashion Rebel: How LPP Defies Weak Retail & Predicts a 20% Revenue Surge!

Poland’s Fashion Rebel: How LPP Defies Weak Retail & Predicts a 20% Revenue Surge!

Get ready to be shocked! Poland's fashion giant, LPP, is defying all odds with a mind-blowing prediction of over 20% revenue growth in the third quarter. This bold forecast has landed just as the country faces surprisingly weak retail sales data. Brace yourself—Poland's retail scene isn’t what it seems!

The latest stats reveal a staggering 3% drop in retail sales for September. Analysts are scratching their heads, blaming sluggish real income and those devastating floods. Yet, LPP’s Financial Director, Marcin Bojko, is here to shake things up! He hints at a completely different reality, revealing that August, September, and October have been painting a much brighter picture for LPP.

But that's not all—LPP is feeling confident about the upcoming fourth quarter too! Investors are on the edge of their seats as LPP's shares climb 1.8%. With full-year targets set at a jaw-dropping 20-21 billion zlotys, who could resist watching this thrilling tale unfold?

As we keep an eye on this wild economic ride, don't miss out on the expert breakdown and insights from the Reuters Econ World newsletter. For hard-hitting economic updates, stay tuned!

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