Find in the news:
BY COUNTRY

Prada’s stocks down – whom to blame?



Europe is still recovering after the notorious economic crisis in 2008, but it did no prevent a fashion giant Prada from performing an annual turnover of 777.7 million euro, even though, it is 0.6 % less than the same time previous year.

The luxury fashion brand blames low exchange rates and third-party sales numbers. The wholesale decline of 24.7% was caused by Prada’s eagerness to re-think its strategy towards selling via their own stores. The company looks forward to the end of rationalization by the next year. 

Prada’s sales index has grown 2.8 % converting into 697.8 million euro and with proportional exchange rates it would have gone up by 7.7 %. The constant instability in exchange rates has affected company’s profit, allowing it to decline down to 156.3 million euro (20.1 % of total turnover). Net profit comprised 105.3 million euro, 13.6 % of total sales that clearly demonstrates the evidence of shrinking sales numbers resulting in poorer performance compared to last year’s results. The public markets did not go silent regrading news from Prada, lowering Prada’s stock by 6.9%. 



More about shopping malls in Italy



Sep 18, 2019, United Kingdom:
Unlike other clothing retailers, Primark still does not sell its products online.
Sep 18, 2019, Sweden:
The Swedish group Hennes & Mauritz started an experiment in selling third-party branded products in the stores of H&M network.
Sep 18, 2019, USA:
Walmart renews an American brand Scoop as its private fashion label.
Sep 17, 2019, United Kingdom:
Marks & Spencer organizes vertical farms in its London grocery stores.
Sep 16, 2019, USA:
Starbucks is preparing to open the world's largest premium coffee shop with on-site roasting.
Sep 16, 2019, USA:
Gap Inc. announces that the brands Athleta and Janie & Jack will be open for franchising outside the U.S.
ICSC ECE

Friend
and Follow
Arkadia GLA:1 184 030 SF
ADDRESS: Aleja Jana Pawla II 82, 00-175
Poland . Warsaw
Arkadia
Adigeo GLA:452 084 SF
ADDRESS: Verona city center
Italy . Verona
Adigeo
Liberty Center GLA:828 821 SF
USA . Cincinnati
Liberty Center
Queens Place GLA:440 000 SF
ADDRESS: 88-01 Queens Boulevard Elmhurst, NY 11373
USA . New York
Queens Place


Edit text

Dear visitor!
If You wish to add appropriate information to this description, please make changes in the text below and they will take effect after being verified by Malls.com administrator.

SAVE CHANGES
ADD PHOTO

Dear visitor!
If you desire to add more photos to this description, please upload them and they will appear on the page after being verified by Malls.com administrator.

CHOOSE PHOTOS
SAVE CHANGES
Sign in Malls.com
Sign in please, if you already have an account

Registration



Error filling
Error filling
Error filling
Error filling
Thank you!
You will receive e-mail with registration data shortly. In email you'll find link, confirm your account by clicking on it, please.

Malls.com Team
Thank you for message!
In the near future you will be contacted the manager
for further details.

Malls.com Team
Good mall, bro!
In the near future you will be contacted the manager
for further details.

Malls.com Team
We are dissatisfied with you :-(
In the near future you will be contacted the manager
for further details.

Malls.com Team

Write to us