Luxury brand Prada has released its first half of 2020 numbers, which show retail sales down 32%, wholesale sales down 71% and total net revenue at €938 million, which is down 40%.

According to the report, an average of 40% of retail locations were closed from February to May, reaching as high as 70% in April. However, the company said, the reopening of stores is helping sales recover. Prada is “seeing significant growth” in Asia and “encouraging signs in other markets” which they said is thanks to local consumption as tourism remains down.

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