Largest clothing retailer in Central and Eastern Europe LPP meets 31 Global Sources suppliers to source garments and fashion accessories
HONG KONG, July 24 /PRNewswire-Asia-FirstCall/ -- LPP, the largest clothing retailer in Central and Eastern Europe, met 31 pre-screened Greater China suppliers at Global Sources' (Nasdaq: GSOL) Custom Private Sourcing Event ( http://www.PrivateSourcingEvents.com ) in Shanghai on July 16, 2009.
(Logo: http://www.prnasia.com/sa/200708071747.jpg )
Global Sources' Chairman and CEO, Merle A. Hinrichs, said: "Though the global economy remains weak, we are helping our suppliers offset lost sales by providing unmatched opportunities to diversify their export markets.
"Rather than focus on a few markets, suppliers today need to look for opportunities around the world. Moreover, to expand to new markets, they need to find the right buyers.
"LPP is another example of the kind of quality-focused companies that participate regularly in Private Sourcing Events. Representing five of the top fashion brands in the region, it can offer suppliers a deeper understanding of local trends, while helping them move up the value chain."
Joanna Krakowska, Senior Buyer of LPP S.A., said: "We pride ourselves on offering high quality, high fashion clothing at reasonable prices. It is difficult to find suppliers who can meet our requirements, but we were impressed with the suppliers we met at the event. Private Sourcing Events offer an efficient channel to discover new sources in far less time than we could previously."
LPP had sales of US$552 million in 2008 and owns five of the top fashion brands in the region -- CROPP, ESOTIQ, HOUSE, MOHITO and RESERVED. The company operates 630 stores in Central and Eastern Europe (Czech Republic, Estonia, Hungary, Latvia, Lithuania, Poland, Romania, Russia, Slovakia and Ukraine).
World's top buyers scheduled to attend upcoming Private Sourcing Events
Over 100 Private Sourcing Events are planned for 2009, with dozens of buyers including Carrefour, Metro and Tesco scheduled to participate. All Private Sourcing Events are complimentary for buyers and only Global Sources suppliers are eligible to participate. More information about Private Sourcing Events is available at http://www.PrivateSourcingEvents.com .
Suppliers wishing to participate should contact csm@globalsources.com.
Specialized Global Sources websites, face-to-face events and trade magazines
Private Sourcing Events are part of the company's portfolio of brands for sourcing and product information services, which include Global Sources Online ( http://www.globalsources.com ), China Sourcing Fairs ( http://www.chinasourcingfair.com ) and Global Sources monthly magazines ( http://www.globalsources.com/SITE/MAGAZINES.HTM ).
For more information about Global Sources' products and services to connect quality buyers and quality suppliers, visit http://www.corporate.globalsources.com .
About Global Sources
Global Sources is a leading business-to-business media company and a primary facilitator of trade with Greater China. The core business uses English-language media to facilitate trade from Greater China to the world. The other business segment utilizes Chinese-language media to enable companies to sell to, and within Greater China.
The company provides sourcing information to volume buyers and integrated marketing services to suppliers. It helps a community of over 803,000 active buyers source more profitably from complex overseas supply markets. With the goal of providing the most effective ways possible to advertise, market and sell, Global Sources enables suppliers to sell to hard-to-reach buyers in over 240 countries.
The company offers the most extensive range of media and export marketing services in the industries it serves. It delivers information on 4.3 million products and more than 196,000 suppliers annually through 14 online marketplaces, 13 monthly magazines, over 100 sourcing research reports and 12 specialized trade shows which run 29 times a year across 10 cities.
Suppliers receive more than 67 million sales leads annually from buyers through Global Sources Online ( http://www.globalsources.com ) alone.
Global Sources has been facilitating global trade for 38 years. Global Sources' network covers more than 69 cities worldwide. In mainland China, Global Sources has over 2,500 team members in more than 40 locations, and a community of over 1 million registered online users and magazine readers for Chinese-language media.
Global Sources Press Contact in Asia
Camellia So
Tel: +852-2555-5021
Email: cso@globalsources.com
Global Sources Press Contact in U.S.
James W.W. Strachan
Tel: +1-480-664-8309
Email: strachan@globalsources.com
Global Sources Investor Contact in Asia
Investor Relations Department
Tel: +852-2555-4777
Email: investor@globalsources.com
Global Sources Investor Contact in U.S.
Kirsten Chapman & Timothy Dien
Lippert/Heilshorn & Associates, Inc.
Tel: +1-415-433-3777
Email: tdien@lhai.com
