MILAN — Prada SpA plans to open 80 stores a year over the next three years as investments in its own retail network drive the company’s growth.
Spurred by a 33.4 percent increase in its retail channel in the six months ended July 31, the Italian fashion house posted a 74.2 percent jump in net profits to 179.5 million euros, or $256.7 million, compared with 103 million euros, or $131.8 million, in the same period last year. Retail sales accounted for 74.8 percent of revenues, which rose 21.1 percent to 1.13 billion euros, or $1.62 billion in the period. Prada said the company invested 134.7 million euros, or $192.6 million, mainly aimed at the expansion of its retail network.
"I think that all anyone really wants in life is to have people understand us for who we actually are, despite everything," says Ruth Negga. The actress talks "Preachers" season 2 and more on WWD.com. #wwdeye (📷: Dan Doperalski)
"That's something that resonates with me too because I'm so locked into a number. If I go over that number it completely ruins my day so it's nice to get detached from the number on the scale." - Chelsea Handler on Kelly LeVeque's book "Body Love." #wwdeye (📷: John Salangsang)