Miu Miu Archives - Inside Retail Asia
Italian eyewear firm Luxottica Group has launched a new Miu Miu sunglasses collection for travel retail.
Prada China is boosting its retail presence by opening seven stores in the city of Xi’an.
Global Prada sales fell 3.8 per cent last year – but rose 4.6 per cent in greater China.
Greater China was the outstanding market for Prada Asia for its half-year, while its Japan sales fell.
Prada sales slipped 10.4 per cent for its fiscal year to January 31 to reach €3.1 billion (US$3.3 billion).
European luxury online retailer MyTheresa.com is launching a Korean-language site.
DFS Group has completed T Galleria by DFS, City of Dreams in Macau following a 12-month expansion.
A Taubman Asia and Shinsegae Group development, the Starfield Hanam shopping center has opened near Seoul.
Prada Asia is the Italian luxury label’s achilles heel with the company reporting a 16 per cent decrease in sales in the region in the year to January 31.
Luxury fashion group Prada says the Asia Pacific market continued to decline during the first nine months of the new financial year.
Shoe marketer Stella International has reported increased sales in the second quarter on the back of growing demand for sports fashion footwear.
Prada would have had a stunning first half result – if it wasn’t for plummeting sales in Hong Kong and Macau.