Prada half-year profits soar on growing Asian demand

[nadinbrzezinski]

Profits at Italian luxury goods brand Prada have jumped 74% on surging demand for its products in Asia.

The company posted a net profit of 180m euros ($245.5m; £157m) in the six months to July. That compares to 103m euros a year ago.

Prada, which had an initial public offering in Hong Kong in June, plans to open 80 new stores this year.

http://www.bbc.co.uk/news/business-14981913?utm_source=twitterfeed&utm_medium=twitter

Middle class...

[dkf]

1. Middle class? Really?

A thousand bucks for a pair of boots? Forget it!

[nadinbrzezinski]

2. I did not say where, now did I?

[HipChick]

3. That's cheap...

Good purses come in the $3K+ range

[elleng]

4. 'They' don't need the U.S. anymore.

:hi:

[nadinbrzezinski]

5. That is what crossed my mind

[elleng]

6. The world is changing before our eyes, in many ways.

[nadinbrzezinski]

7. That it is

but we also have the rumors of revolution all over.

So predictions should be hard to make.

[elleng]

8. Wanted to add this, to 'changing:'

http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=439x1961344

[nadinbrzezinski]

9. Oh absolutely

and the US is the last advanced economy having issues with this...

:hi:

[elleng]

10. That would be 'advanced,' eh?

:hi: