Fashion News | Prada and Other Fashion Luxury Brands See Huge Drops In Sales

Prada and other fashion labeled favorites of the wealthy, have been fashion victims of monstrous drops in sales since the fall season. The high-end fashion label reports that the fashion powerhouse has had notable declines in sales since the credit crunch has taken its toll on its wealthy consumers. Prada is reporting a total of 80% drop in sales.

I see consumers aren't the only ones in survival mode.