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The Italian luxury-goods maker, which saw its stock price plunge more than half since the peak in 2013, has rebounded since August after Chairman Carlo Mazzi forecast a return to growth in 2017. Prada rose as much as 9.6 percent to HK$30.70 on Wednesday, reaching the highest intraday level since March. At many stores, the handbag selection from several high-end labels was significantly smaller over the holidays. In the final three months of 2016, the number of new styles introduced by Michael Kors dropped 24 percent from the preceding quarter. Prada and Louis Vuitton rolled out 35 percent fewer new designs, while the number at Burberry dropped 8 percent, according to Edited, whose clients include Ralph Lauren Corp. and luxury e-commerce retailer Net-A-Porter. Michael Kors didn’t have an immediate comment on the reduction. LVMH and Prada declined to comment. Burberry also declined to comment, though in November the company said it was simplifying its offerings and tailoring innovation for “local needs.” Rolling out the right number of styles is no easy task.
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