Prada sales grow

 

Prada Fifth Avenue ManhatanItalian luxury company, Prada, says sales rose 9.0 per cent to 3.856 billion euros ($A5.86 billion) in its latest financial year thanks to sales in the Asia-Pacific region and North America.

Patrizio Bertelli, Prada CEO, said the result for the 2013-2014 year, which ended in January, was the group’s fourth consecutive year of “strong growth”.

Sales in Asia and North America rose 11 per cent, while the European market rose 5.0 per cent – seen as a healthy result considering the economic difficulties.

Sales in the Middle East region were also up, reaching 90 million euros over the whole year.

But Japan saw only a 1.0 per cent rise due to the devaluation of the yen, Prada said.

AFP

Comments

Comment Manually

Inside Retail Polls

What were the biggest challenges during the 2019 holiday period?
Vote

Twitter

Aussie retailers need to diversify their revenue streams, or risk becoming one of the many brands announcing store… https://t.co/DCKX3A1MXT

1 day ago

The Iconic is offering customers pre-paid postage labels to send old clothes in good condition to charity, rather t… https://t.co/49zjMkOGOH

2 days ago

After Kaufland's shock exit from the Australian market, the question on everyone's lips is why? Here's what indust… https://t.co/MpDbXargpD

2 days ago