In the first quarter of 2020, due to Novel Coronavirus (2019-nCoV), Chinese GDP growth may even fall below 5%, which is more than 1 p.p. lower than in a previous quarter. Although the impact on the Polish economy will not be strong, the effects of the slowdown may be felt by Polish companies present on…
In Q2 2019, LPP, a Polish clothing manufacturer and owner of five fashion brands, for the first time in history recorded higher revenues from foreign sales than from sales in Poland. LPP’s foreign sales higher than domestic In Q2 2019, sales revenues of the Polish clothing manufacturer LPP exceeded PLN 2.2bn. In the first half…
The Court of Justice of the European Union ruled that the European Commission’s decision to ban the introduction of the retail sales tax in Poland was wrong. This means that it is more likely that the tax, which is currently being postponed from one year to the next, will be effective from 1 January 2020….
On 17 September 2018 Gino Rossi signed an agreement on business cooperation with the leader on the Polish retail footwear market CCC. Under the agreement, CCC will be sub-licensed to use Gino Rossi’s trade marks and signs, including the production of goods using them, committing in return to purchase goods produced by Gino Rossi (to…
In recent years, IKEA has opened two new formats, significantly different from typical large format stores. The first format is the Internet order collection points (e.g. Opole, Rzeszów, Kalisz, Szczecin), which are a very traditional and simple format, used only to collect orders, without the possibility of buying anything on the spot (which I experienced…
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