Prada Poised to Extend Slump as China Shoppers Cut Back: Retail

Prada SpA is falling out of fashion six months into its Hong Kong trading debut as investors brace for Chinese shoppers to curb spending.

Shares of the maker of $2,000 bags and Miu Miu shoes, which gets more than 42 percent of sales from Asia, have dropped 32 percent from their July peak. The stock has fallen with companies such as jeweler Luk Fook Holdings International Ltd. and Omega retailer Hengdeli Holdings Ltd. as property and stock-market declines hurt China’s consumers.