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Prada To Open Additional Stores



Prada’s hopes for a good 2013 were dashed.
The group experienced an increase of 8.8% in turnover to €3.59 billion, however the group’s growth has slowed down. The realised net profit stopped at €627.8 million, way below expectations.

The group has issued a warning that the growth rate will slow down more.  It stated that the demand in Europe remains low, exports have been affected by the strong Euro and the Chinese market has started maturing. 

Prada has not been able to escape the current luxury market slump.

In an attempt to counter the drop in growth, the group have placed their focus on expanding by planning a 2016 deadline of 120 new stores. Fifty of these stores will focus solely on males. It already has 30 men’s stores, but believes that it will experience strong growth in this particular section over the medium term.

Seventy more women’s stores will be opened by 2016. A Miu Miu perfume release is expected during 2015.

The group intends opening additional production facilities within Italy, to add to the 11 it has already established.  

More about shopping malls in Italy



YESTERDAY, USA:
The retailer is ready to invest in retail development in the U.S. market, which was hit by the crisis.
YESTERDAY, Spain:
Worldwide sales are recovering, both at retail and through online channels.
Sep 15, 2021, France:
The total area of the new retail space in the Madeleine area will be 724 square meters.
Sep 14, 2021, USA:
The 30-day subscription, which allows you to buy one taco a day, costs $5 and $10.
Sep 13, 2021, France:
The retailer counts losses due to delays in shipping goods across the border - products are returned to British warehouses spoiled.
Sep 13, 2021, Japan:
FamilMart expects to meet its plan to open 1,000 cashier-less stores by the end of 2024.
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