The Prada iPhone 5S case spa Board related with Directors reviewed and approved its consolidated results for the first remainder ended April 30, 2014.
Combined net revenues amounted to European 777. 7 million, down and also 0. 6% (+3. 8% every constant exchange rates) on the European 782. 3 million reported with 1Q13; the decrease was certainly attributable to the wholesale channel.
The most important strategy of rationalization adopted inside wholesale channel will be completed in 2014 and has led to a 24. seven percent fall in wholesale sales (-23. 9% at constant exchange rates). The decrease was in line with what to expect, regarded all product categories and as well , affected the Miu Miu branding to the greatest extent.
In contrast, its retail channel has continued within expand and, despite unfavorable forex trading trends, the 551 directly receiving operations stores generated sales of European 697. 8 million, up and also 2 . 8% on the first remainder of 2013; +7. 7% every constant exchange rates.
The The japanese Pacific area recorded a several. 9% increase at constant share rates (-1. 2% at actual exchange rates). The performance goal area was affected by a collapse in Korea, Hong Kong and Singapore while China, Macau and other Markets from the asian continent continue to show healthy rates related with growth.
The strong performance inside Americas must be highlighted. In spite of negative climate conditions, the retail channel for that area achieved 16. 5% production at constant exchange rates (+9. 5% at current exchange rates).
Sales in Europe remained generally in line with 1Q13 with 1 . 1% increase at constant exchange rate (+0. 2% at current share rates). Performance was affected pretty much by a slump in the tourist footfall because of the further strengthening in European and geopolitical problems in Russian federation.
Japan continues to perform extremely well and as well , constant exchange rate growth withstood at +30. 5%. Notwithstanding its weakening of the Yen, Euro production remained in double digits every +17. 1% at current share rates.
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