Luxury Retailers Higher after Strong Numbers from Prada
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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
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
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