Luxury Retailers Higher after Strong Numbers from Prada
Tweet Send to a FriendGet Alerts KORS Hot Sheet
Trade KORS Now!
Luxury brand retailers are stronger Monday on the back of strong first-half results from Italian fashion retailer Prada.
Prada posted a 36.5 percent rise in first-half revenue, citing Asian demand. The company said sakes in the Asia-Pacific rose 45 percent, Europe rose 37.3 percent, Japan rose 34.2 percent, the Americas rose 31 percent and Italy rose 21.7 percent.
Around the luxury retailer sector:
Michael Kors Holdings Ltd. (Nasdaq: KORS) up 4.9 percent
Ralph Lauren (NYSE: RL) up 3 percent
Coach, Inc. (NYSE: COH) up 3.5 percent
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
Prada posted a 36.5 percent rise in first-half revenue, citing Asian demand. The company said sakes in the Asia-Pacific rose 45 percent, Europe rose 37.3 percent, Japan rose 34.2 percent, the Americas rose 31 percent and Italy rose 21.7 percent.
Around the luxury retailer sector:
Michael Kors Holdings Ltd. (Nasdaq: KORS) up 4.9 percent
Ralph Lauren (NYSE: RL) up 3 percent
Coach, Inc. (NYSE: COH) up 3.5 percent
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
You May Also Be Interested In
- UPDATE: Kansas City Southern (KSU) to Replace Dean Foods (DF) in S&P 500; WhiteWave Foods (WWAV) to S&P MidCap 400
- Will Erickson Air-Crane (EAC) Stock Crash and Burn?
- UPDATE: Vanda Pharmaceuticals (VNDA) Opens Higher; Lazard Raises PT to $17
Create E-mail Alert Related Categories
Insiders' Blog, Trader Talk
Login with Facebook
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
