This week, the fashion industry printed its receipts.On the rise, Prada reported a record-high annual revenue for 2022, reaching €4.2 billion EUR ($4.4 billion USD) with a 21% increase when compared year-over-year. On the fall, adidas and Gap's numbers were not so impressive. The former company reported a net loss of $540 million USD in the fourth quarter of 2022, while the latter reported a $273 million USD decline in the same period. Along with several additional factors, both losses are lar...
Prada's Sales Soar High While Gap and adidas Swing Low in This Week's Top Fashion News
Hypebeast - 11 Mar 2023 01:32
This week, the fashion industry printed its receipts.On the rise, Prada reported a record-high annual revenue for 2022, reaching €4.2 billion EUR ($4.4 billion USD) with a 21% increase when compared year-over-year. On the fall, adidas and Gap's numbers were not so impressive. The former company reported a net loss of $540 million USD in the fourth quarter of 2022, while the latter reported a $273 million USD decline in the same period. Along with several additional factors, both losses are lar...
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