Most of Poland’s top fashion retailers fared well on the Warsaw Stock Exchange over the last three months of 2014. LPP was the only retailer that suffered from Ukrainian-Russian political unrest, writes the daily Puls Biznesu, while Bytom, Próchnik, Redan, Solar Company, Vistula Group and Monnari Trade posted returns ranging between 27 and 78 percent. LPP and Monnari Trade were the only retailers that have released their financial reports. The rest have until March to go public with their Q4 performance results.
“The figures are not as important as the expectations,” claims Łukasz Wachełko of Wood & Company, who says the key economic indicators bode well for the retail sector. “Consumption remains quite strong, unemployment is dropping, while average wages are going up. At the same time, food and oil prices are dropping.”
