By Anna Koper and Michael Kahn
WARSAW/PRAGUE (Reuters) – Poland’s big clothing and footwear retailers LPP <LPPP.WA> and CCC <CCCP.WA> are switching focus back to eastern Europe, sizing opportunities to add brick-and-mortar stores as international rivals concentrate on online sales during the pandemic.
LPP – eastern Europe’s answer to H&M <HMb.ST> and Inditex’s <ITX.MC> Zara – has expressed ambitions to emulate its two rivals as a top five global fashion brand.
Those plans have stalled as the pandemic has hit consumer spending, but with eastern Europe weathering the crisis better than Western economies, the retailer sees better prospects in its home region.
“Our approach to expansion has changed due to the epidemic,” LPP’s Deputy Chief Executive Przemyslaw Lutkiewicz told Reuters. “We hope that from the next year we will return to the expansion of new stores, but mainly in the eastern markets.”
LPP’s push comes as some big Western brands
Hardware & Home Improvement Retailers Market Rising Trends and Huge Business Opportunities 2020 to 2025
The MarketWatch News Department was not involved in the creation of this content.
Aug 31, 2020 (Market Insight Reports) —
Global Hardware & Home Improvement Retailers Market Size, Status and Forecast 2020-2025
The Hardware & Home Improvement Retailers Market report is a valuable source of insightful data for business strategists. It provides the industry overview with growth analysis and historical & futuristic cost, revenue, demand, and supply data (as applicable). The research analysts provide an elaborate description of the value chain and its distributor analysis. This Market study provides comprehensive data that enhances the understanding, scope, and application of this report.
This report studies the Hardware & Home Improvement Retailers market, Hardware stores (in a number of countries, “shops”), sometimes known as DIY stores, sell household hardware for home improvement including: fasteners, building materials, hand tools, power tools, keys, locks, hinges, chains, plumbing supplies, electrical supplies, cleaning products, housewares, tools,