THE RETAIL BULLETIN - The home of retail news
Click here
Home Page
News Categories
Commentary
Department Stores
Electricals and Tech
Entertainment
Fashion
Food and Drink
General Merchandise
Grocery
Health and Beauty
Home and DIY
Interviews
People Matter
Retail Business Strategy
Property
Retail Solutions
Electricals & Technology
Sports and Leisure
Christmas Ads
Shopping Centres, High Streets & Retail Parks
Retail Events
People in Retail Awards 2024
The Future of The High Street 2024
Retail HR Summit
THE Retail Conference
Retail HR North 2025
Upcoming Retail Events
Past Retail Events
Retail Insights
Retail Solutions
Advertise
About
Contact
Subscribe for free
Terms and Policies
Privacy Policy
Prada posts strong uplift in half year sales

Luxury brand Prada has seen its first half revenue climb by 20% to €2.23 billion as its focus on creativity and a strong brand identity continues… View Article

FASHION RETAIL NEWS UK

Prada posts strong uplift in half year sales

Luxury brand Prada has seen its first half revenue climb by 20% to €2.23 billion as its focus on creativity and a strong brand identity continues to deliver results.

In the six months to 30 June, retail sales rose by 21%.

Andrea Guerra, group chief executive of Prada, said: “Retail growth continued to be driven by like-for-like full price sales, with Prada remaining on a sound trajectory and Miu Miu reporting a remarkably strong performance, thanks to a strengthened identity and increasing visibility.”

The company said its rebound in its Asia Pacific region continued in the period, with retail sales up 25% year-on-year. Meanwhile, sales in Europe, Japan and the Middle East increased by 24%, 49%, and 14% respectively, although sales in the Americas edged down 1%.

Prada said its achieved double-digit growth across all product categories, including leather goods, ready-to-wear and footwear.

The company also reported a continued profitability improvement with an EBIT margin of 22% and an EBIT of €491 million.

Guerra added: “The group’s profitability further increased while we continued to consolidate our brands’ desirability with higher investments.

“We are still at the beginning of our strategic journey: we need to act with a long-term perspective, continuing to invest behind our brands, maintaining maximum focus on retail execution and productivity.

“For the current year, we retain our ambition to deliver solid, sustainable and above-market growth.”

Subscribe For Retail News