Prada profits triple

The Prada store in Rome.

Image via Wikipedia

While many luxury good retailers struggle for survival in the United States, Italian-based fashion house, Prada, has seen sales triple over the past nine months. Sales have been particularly high in Asia, increasing more than 51 percent. Prada’s U.S. sales haven’t been so shabby either, showing a 27 percent increase during the same time period.

Perhaps, U.S.-based luxury goods brands can take a page from the Prada book of how to thrive during a recession.

Complete story can be found at Bloomberg.

Posted with WordPress for BlackBerry.


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