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.
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- Prada, the brand that never follows trends (guardian.co.uk)
- Fashion Houses Prada and Armani Find A New Online Market (blazingminds.co.uk)
- Prada profits treble thanks to eager Asian consumers (guardian.co.uk)