PRDSY Prada Spa (PK)

By Matthew Dalton

PARIS--Italian luxury fashion company Prada SpA (PRDSY) reported that sales for the last fiscal year fell 9% to EUR3.18 billion ($3.38 billion), hit by a spending pullback among globe-trotting shoppers.

Security fears in Europe after a string of terror attacks kept shoppers away from Prada's stores in the region, the company said. Declining tourist flows also hit sales in the U.S., Prada said.

Write to Matthew Dalton at matthew.dalton@wsj.com

(END) Dow Jones Newswires

February 13, 2017 08:20 ET (13:20 GMT)

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