Photographer: Susana Gonzalez/Bloomberg

Philippine Prada Seller Tempers Outlook as Luxury Floods In

  • Profit rebound this year hard to predict, SSI president says
  • Company spends less to build stores as it focuses on marketing

The largest Philippine seller of luxury brands such as Jimmy Choo shoes and Prada handbags says investors and analysts should temper earnings expectations, with competition among retailers squeezing margins -- even as consumer spending shows no signs of letting up.

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