Home / Knowledge / News / Apparel/Garments / Prada plans more outlets to tap emerging markets

Prada plans more outlets to tap emerging markets

25
May '12
Prada SpA, the Italian fashion label specializing in luxury apparels and leather accessories for men and women, will be opening 260 new stores by 2014-end to cater to the growing demand for its goods in emerging markets, including, China, Brazil and the countries in the Middle East.

Last year, Prada opened 75 outlets, and the company plans to unveil 100 new stores during the current year and 80 stores each in 2013 and 2014.

Out of the 100 new Prada stores to come up this year, around 12-15 outlets will be in China.

As of January this year, Prada directly operated 388 stores and another 26 outlets on franchisee-basis. With the addition of 260 outlets by the end of 2014, the total number of Prada stores would rise to 674.

The Italian company, which owns the Miu Miu and Church's brands, is planning to open new stores in cities like Istanbul, Dubai, Qatar, Morocco and Beirut.

The Milan-based company is also planning to make its debut in India by launching a store in Mumbai or New Delhi.

The growing number of Chinese tourists visiting Europe is fueling the demand for Prada's leather goods and other items, despite the ongoing financial crisis in Europe, which weighs on consumer spending.

The Asia Pacific region contributed 35 percent to Prada's sales in 2011 and the company expects the region to account for 40 percent of its total sales in 2012 and 2013.

Fibre2fashion News Desk - India


Must ReadView All

Pic: Shutterstock

Apparel/Garments | On 15th May 2021

Australian govt earmarks Au$1 mn for boosting fashion industry

The government of Australia has earmarked Au$1 million to promote and ...

Pic: Sorbis / Shutterstock.com

Apparel/Garments | On 15th May 2021

Prime Content| US textiles & apparel imports grow 4.32% in Q1 2021

The import of textiles and apparel by the United States increased by...

Pic: Amanda Wakeley

Fashion | On 15th May 2021

British luxury fashion company Amanda Wakeley enters administration

The British luxury fashion designer Amanda Wakeley’s company, AW...

Interviews View All

International apparel brands, Head honchos

International apparel brands
Head honchos

Launched first collection at onset of Covid

Textile Industry, Head honchos

Textile Industry
Head honchos

We are staring at livelihood crisis for weavers

Textile Industry, Head honchos

Textile Industry
Head honchos

Opportunity now to reimagine processes & systems in a digital environment

Yawer Ali Shah,

Yawer Ali Shah

Synthetic colours and dyes were all the rage till the very first ban on...

David Guiho,

David Guiho

Headquartered in Apt, South of France, Delta Plus designs, manufactures...

Tony Naschberger,

Tony Naschberger

With production sites in Klagenfurt and Kufstein, Zimmer Austria is a...

Giulio Cesareo, Directa Plus

Giulio Cesareo
Directa Plus

UK-based Directa Plus is one of the largest producers and suppliers...

Silverio Baranzano, Fitesa

Silverio Baranzano
Fitesa

Fitesa is a leader in the nonwoven fabrics industry, specialising in...

Keith McMillen, Bebop Sensors

Keith McMillen
Bebop Sensors

Bebop Sensors' smart fabrics allows for a new level of interaction between ...

Sweta Tantia, Tahweave & Garo

Sweta Tantia
Tahweave & Garo

Designer Sweta Tantia owns Garo, a couture indutva or ethnicwear brand,...

Niti Singhal, Twee In One

Niti Singhal
Twee In One

Best known for convertible clothing, Indian brand Twee In One by designer...

Seema Gujral, Label Seema Gujral

Seema Gujral
Label Seema Gujral

<b>Seema Gujral</b>'s designs for her eponymous label revolve around...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


May 2021

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Advanced Search