Articles by Prachi Singh
Based in India, Prachi has been associated with FashionUnited for over a decade as freelance editor-finance. She did BA in English Literature from Goa University and then did a diploma in journalism from Xavier Institute of Communications, Bombay. After actively working for various publications in the fashion/apparel and textile space in India, she covers financial reporting, mergers & acquisitions and new appointments at FashionUnited.
John Tighe appointed CEO of Tailored Brands; Sachse transitions to executive chairman
Menswear retailer Tailored Brands, Inc. announced a leadership transition, with John Tighe appointed as the new chief executive officer, effective August 5, 2025. Peter Sachse, who has been instrumental in the company's turnaround, will transition to executive chairman of the board. Sachse's leadership has been lauded by the board. “Peter has...
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Reitmans Canada reports Q1 decline amidst challenging conditions
Canadian apparel retailer Reitmans Canada Limited (RCL) announced a challenging first quarter for the period ended May 3, 2025. The company reported a 4.1 percent decrease in net revenues, to 158.9 million Canadian dollars, coupled with a net loss of 10 million Canadian dollars, or 0.20 Canadian dollars per share, significantly wider than the...
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Vince Q1 2025: Sales decline, focus on supply chain diversification
American luxury apparel retailer Vince Holding's results for the first quarter ended May 3, 2025, highlighted the company's swift actions in response to a challenging and uncertain economic landscape. For the first quarter of fiscal 2025, total company net sales decreased by 2.1 percent to 57.9 million dollars. This decline was primarily...
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Roots reports strong Q1 2025 with sales up 6.7 percent
Canadian outdoor-lifestyle brand Roots reported a strong start to fiscal 2025, posting its third consecutive quarter of year-over-year growth across sales, gross margin, and adjusted EBITDA. For the first quarter ended May 3, 2025, total sales rose 6.7 percent to 40 million Canadian dollars, led by strong direct-to-consumer (DTC) performance....
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Oxford Industries Q1 sales dip amid tariff concerns, revises outlook
For the first quarter ended on May 3, 2025, Oxford Industries, owner of brands such as Tommy Bahama, Lilly Pulitzer, and Johnny Was among others, reported consolidated net sales of 393 million dollars, a slight decrease compared to the first quarter of fiscal 2024. GAAP earnings per share stood at 1.70 dollars, down from 2.42 dollars in the...
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Jacquie Naylor to retire from Myer board
Australian department store Myer Holdings announced that Jacquie Naylor, an independent non-executive director, will retire from the board on June 23, 2025, after six years of service. Naylor initially joined the board in May 2019. Myer executive chair Olivia Wirth acknowledged Naylor's contributions, stating, "On behalf of the Board, I would...
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J.Jill: Q1 sales decline, withdraws fiscal 2025 guidance due to uncertainty
J.Jill’s first quarter financial results revealed a decline in sales amidst a challenging retail landscape. The announcement also highlighted the recent appointment of Mary Ellen Coyne as the company's new chief executive officer and president, who shared her initial impressions and strategic outlook for the brand. For the first quarter ended...
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Designer Brands faces challenging Q1 2025, withdraws guidance
Designer Brands, a designer, producer, and retailer of footwear and accessories, reported its financial results for the first quarter ended May 3, 2025, revealing a challenging start to the year. The company saw a decrease in net sales by 8 percent to 686.9 million dollars, alongside a 7.8 percent decline in total comparable sales compared to...
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S&S Activewear named exclusive distributor of Hanes Printwear in North America
HanesBrands Inc. and S&S Activewear have announced an agreement designating S&S as the exclusive distributor of the Hanes brand within the North American printwear channel. Under this exclusive arrangement, S&S will not only offer the complete range of Hanes styles but will also ensure deeper inventory levels and enhanced availability across its...
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Guess Q1: Rag & Bone acquisition boosts revenue, net loss widens
Guess financial results for the first quarter ended May 3, 2025, revealed a complex picture of growth driven by strategic acquisitions and wholesale momentum, set against a backdrop of increased losses. Despite a GAAP net loss for the quarter, the company's revenue surpassed expectations, primarily attributed to the successful integration of the...
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