Business continues to boom for Prada!
According to an earnings report released on Thursday, Prada's profits have soared, boosting a net income increase of a whopping $573.9 million or 72% in the year ending January 31.
Although its wholesale revenue declined 5.2%, retail sales were also up by 38 percent, as the luxury fashion house opened up 75 stores - upping the number of boutiques to 388.
In response to the great news, Prada is set to expand even further this year by adding additional stores, and upgrading current ones.
Congrats Prada, this is fantastic!
Now, can we barrow some money? Ha!
[Image via Ramey Pix.]
Tags: earnings, prada, profits, sales increase