Prada bag tops sales list in the U.S. and Canada, the retailer said Tuesday, adding that sales of its signature bags are up more than 40 percent year-over-year.
The fashion retailer also posted the top 10 brands with the highest percentage of sales coming from each brand, which includes Prada, Hermès, Forever 21, Burberry and Dior.
Prada said sales of the Prada Crossbody bag were up 37 percent in the second quarter and 31 percent year over year, and sales of Dior’s mini bag were down 19 percent and 28 percent.
“Prada’s success is rooted in its core values, which we believe in, and our commitment to our customers, our team, our employees and our partners,” said Prada CEO, Philippe Starck.
Starck said Pradas sales rose by 20 percent in its U.K. division, up to 3.3 million items, while sales of Prada products in the United States rose by 10 percent.
Prada saw its sales rise 10 percent in Canada, to 2.4 million items.
In its earnings call, Starck also cited the success of the brand’s line of high-end women’s clothing, which included the Pradas Prada Dress and Prada Prada Casualwear.
He said Prades sales in the third quarter were up 10 percent to 4.3 billion items.
“Pradas has proven it can sell a line of luxury clothing in a way that no other luxury brand can,” Starck said.
Prades sales grew to $3.7 billion in the fourth quarter, up from $3 billion a year earlier.
Pursuing luxury goods is a big part of the business, as Prada and its brands have long been seen as luxury goods.
Dior was the No. 1 luxury brand in the world last year.
On Tuesday, Dior announced it had expanded its brands portfolio by adding more than 500 brands.
Dior said it had been adding luxury brands like Ferragamo, Versace and Marc Jacobs in recent years, and in 2017, it added three more luxury brands.
More luxury brands are expected to be added to the Prado brand portfolio as the brand continues to expand, said David Zaslavsky, president and CEO of Dyson, a company that designs clothing.
With Prada in the top five, Dyson’s total brand sales are up 27 percent to $4.5 billion.