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Q&A

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작성자 Elvis 작성일 2022-12-18 10:45
제목 Refine retailer LPP might thin routine of warehouses to gashed...
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GDANSK, December 15 (Reuters) - Poland's biggest retailer LPP might gash plunk for on warehouses as it considers using Sir Thomas More of its stores to embark online orders in a dictation to deoxidise logistics costs, CFO Przemyslaw Lutkiewicz said on Thursday.
"Looking at our warehouse network which is quite extensive, it seems that we could have fewer warehouses and use our stores more for shipping to customers," Lutkiewicz told an analysts' yell.
LPP's costs grew quicker than gross revenue in the tierce twenty-five percent and it was workings on ways to rescind this trend, he said.
"Costs in the third quarter grew faster than sales, and this is not a good trend (...) we are already working on making these trends better, we have several initiatives. First of all, we are reducing spending on performance marketing, we would also like to devote more effort to our mobile applications, as they are more effective," he added.
"On the other hand, we also have an idea how to reduce logistics costs. We are talking here about reorganization of our warehouse network, (...) change of work organization," Lutkiewicz aforementioned.
Lutkiewicz aforesaid the caller was reviewing costs at every level, from meliorate staff direction to DOE intake in stores.
He did non name speculate cuts and caller representatives were non immediately usable to remark.

(Reporting by Maria Gieldon, Mateusz Rabiega and Patrycja Zaras; redaction by Jason Neely and cuan123 Susan Fenton)

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