Prada Sales Miss Estimates as China Luxury Slump Persists
The Asia-Pacific area, Prada's most essential industry, showed a “similar unfavorable trend” to the very first quarter, when Higher China sales fell 19 % excluding currency effects, Prada stated. Revenue in its wholesale business dropped 14 % as …
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GM China sales drop 4% in July
“These items are anticipated to assistance sales momentum for the balance of the year.” Citi Research analyst Itay Michaeli, in a investigation note Thursday, stated data it reviewed earlier in July had indicated an even larger China wholesale volume decline for …
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