Prada earns record revenue in 2022
The Italian Prada Group, whose portfolio in addition to the brand of the same name also includes Miu Miu and Church's, announced a record annual revenue in 2022, it amounted to 4,2 billion euros, which is 21% higher than in 2021. The largest growth was shown by such categories as footwear, clothing and leather goods.
“The Prada Group achieved excellent results in 2022, supported by brand dynamics, increased customer engagement and strict adherence to the adopted strategy,” commented Prada Group CEO Patrizio Bertelli.
For the year, Prada Group's revenue increased by 21% to 4,2 billion euros. Footwear and apparel are the most dynamic product categories, with footwear and apparel sales up 29% and 27% respectively. Sales of leather goods increased by 18%. Retail sales rose 24% to reach 3,7 billion euros, supported by organic growth from both Prada and Miu Miu.
The Hong Kong-listed group accelerated in all markets except its largest, the Asia-Pacific region, which recorded growth of only 2% (excluding currency fluctuations) due to the coronavirus epidemic in China, but here, too, the group's sales still well over a billion euros. The best sales figures were recorded in Europe (+63% (Fx) ), Japan (+31%), followed by the Middle East (+23%) and America (+22%).
As of December 31, 2022, the company's Adjusted EBIT increased by 69% to €845, while the margin increased from 14,8% to 20,1%. Profit Prada Group rose by 58% to 465 million euros, which on average was higher than analysts' forecasts.
The Italian Prada Group, whose portfolio, in addition to the brand of the same name, also includes Miu Miu and Church's, announced a record annual revenue in 2022, it amounted to 4,2 billion ...
The turnover of counterfeit branded sneakers in Russia exceeds 40 billion rubles.
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Store Manager: Strategic Asset or Redundant Position?
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Tamaris SS26 Collection
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The Battle for the Sports Shoe Market
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How Pareto's Law Works in a Shoe Retail Store
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PETER KAISER - the best brand of 2025!
"CAPRICE Schuhproduktion GmbH has received a certificate for awarding PETER KAISER the title of "Top Brand 2025".
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Technology Selling Issues
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Fur, and not only: types of lining
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The best models of Czech shoes of the past
In Soviet times, for shoes from Czechoslovakia sold under the Cebo brand, customers stood in line for four hours and did not regret it, because Czech shoes were considered to be of high quality, comfortable and fashionable. Shoe designer Juraj Shushka shared a photo archive of his collection with Shoes Report magazine, which contains the most interesting Cebo models from the 1940's to the 1980's.
Retail Arithmetic
Before you begin to solve specific problems, you need to find out how accurately all the leaders of your company understand the basic terminology of retail.
How to fire a worker without tears, scandal and trial
Sooner or later, any manager is faced with the need to part with an employee. Properly and on time the dismissal procedure will save the company money, and the boss himself - nerves and time. But why sometimes, knowing that a break in relations is inevitable, we put off the decision for months?
