PRADA, the Italian clothing group whose designs are loved by fashionistas the world over, said yesterday its profit for the year would exceed expectations due to a rise of 14 per cent in retail sales in the year to 31 January. The firm, which did not release detailed figures, made a net profit of €99m (£86.7m) last year after falling 22 per cent in 2007 due to the impact of the financial crisis on the luxury goods sector.