MILAN--Luxury house Prada SpA said Wednesday its first-half sales were up only 1%, signaling a continuing slowdown compared to stellar year-on-year increases seen in previous years.

Total sales for the six months ending in July were 1.75 billion euros ($2.34 billion). The sales figure was affected by unfavorable currency exchange rates and would have been up 4% at constant rates, the company said.

The Asia-Pacific region saw a 2% decrease in sales, with a weak performance in Korea, Hong Kong and Singapore, the company said. European sales were also slightly down, because of lower tourist flows traveling to the continent and a general negative economic environment.

Sales in the Americas were up 8%, but 14% at constant rates, while they were up 10% in Japan, 19% at constant rates.

Write to Manuela Mesco at manuela.mesco@wsj.com

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(END) Dow Jones Newswires

August 06, 2014 08:25 ET (12:25 GMT)

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