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where to buy prada bags designs and makes quilted cotton handbags, luggage, accessories and home d items, including bedding, placemats and picture frames. In March, the company reported fiscal 2012 earnings of $57.9 million on sales of $460.8 million.The company first fiscal quarter earnings, reported Wednesday, showed a 27 percent drop in earnings vs. last year comparable 13 week period.The same day, CEO Michael Ray announced his plans to retire from the company co founded by his mother in law, Barbara Baekgaard. Ray is in his early 50s.time for me to spend more time with my family and pursue other interests outside the retail industry, he said in a call with analysts Wednesday.The company is now searching for a CEO with more retail experience. Ray professional training is in accounting.Boruchow, the analyst, applauded the company change in direction, which includes slowing the rate of store growth and increasing focus on retail partners with higher sales.a new CEO with extensive retail and brand management experience would bode very well for a turnaround, he wrote.Lower Merion police Aug 8that LA Fitness from AT storePolice got a report of a theft of two Apple products from the AT store on City Avenue in Bala Cynwyd Aug. According to police, Langschwager was seen intoxicated along the unit block of Ardmore Avenue in Ardmore. from carPolice got a report of a theft of change from an unlocked car parked on the 600 block of Latham Drive in Wynnewood during the night of Aug. 2 into Aug. 3. from car Continued.2Police got a report of an Apple iPad stolen from a car that was taken to Infiniti of Ardmore for service Aug. 4 and Aug. 6.Police said someone entered the house through a window and ransacked a bedroom. It was not immediately known if anything was taken.Retail theftPolice got a report of a theft of two handbags from the Annie Sez store on Montgomery Avenue in Penn Valley Aug. 5. Police said a woman walked into the store, grabbed the bags and fled outside to a waiting car.Bike theftPolice got a report of a theft of an unlocked bike, valued at $300, from a front porch on Old Railroad Avenue in Bryn Mawr Aug. after a stop at the Wawa store near Lancaster and Woodside avenues in Ardmore.