Prada Spa ADROTCPK - Current
Apr. 12, 2015, 3:31 PM
- The elitist part of the fashion world needs a wake-up call over the exclusion of plus-sizes for many lines, according to a biting op-ed piece in The Business of Fashion penned by Nicolette Mason.
- "The largest problem is the fashion industry’s attachment to the idea that fashion should be protected for a hyper-privileged slice of the population," writes Mason.
- Many retail analysts think the industry is missing out on maximizing revenue due to its reluctance to pull away from the older ideas on what sells.
- Lululemon (NASDAQ:LULU), Abercrombie & Fitch (NYSE:AF), Ralph Lauren (NYSE:RL), and Prada (OTCPK:PRDSF, OTCPK:PRDSY) have been singled out in the past for missing the category.
- Some retail brands a step ahead in promoting plus-sized apparel include Target (NYSE:TGT), Lane Bryant (NASDAQ:ASNA), Old Navy (NYSE:GPS), Nordstrom (NYSE:JWN), Torrid, Avenue Stores, and Cato (NYSE:CATO).
Feb. 23, 2015, 9:40 AM
- Prada (OTCPK:PRDSF, OTCPK:PRDSY) reports sales fell 1% in 2014 to €3.55B ($3.98B).
- A 7% slide in revenue for the company's Asia-Pacific business during the year was influenced by a strong tail-off in luxury demand for the back half.
- Prada's U.S. sales gained 7% last year.
- Double-digit sales growth was seen for the Church's and Car Shoe brands.