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.
Lanvin Group reports 22 percent revenue decline amid market slowdown
Lanvin Group has reported its unaudited results for the first half of 2025, revealing a 22 percent year-on-year revenue decline to 133 million euros. The luxury fashion group, which includes brands like Lanvin, Wolford, and St. John, attributed the decline to a broader luxury market slowdown, cautious consumer sentiment in Greater China, and...
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Buckle reports increased net income and sales for Q2 2025
For the fiscal quarter that ended on August 2, 2025, Buckle reported a net income of 45 million dollars, which translates to 90 cents per share or 89 cents per share on a diluted basis. This is an increase from the 39.3 million dollars, or 79 cents per share or 78 cents per share on a diluted basis, reported for the same period in the previous...
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E-commerce surge lifts Walmart's Q2, outlook raised
Walmart Inc. announced its second-quarter fiscal year 2026 results, highlighting revenue growth across all business segments. The company reported total revenue of 177.4 billion dollars, a 4.8 percent increase, or 5.6 percent on a constant currency basis, compared to the same period last year. The company has raised its full-year earnings and...
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Delta Galil lowers full-year financial guidance amid tariff concerns
Delta Galil Industries, a global designer and manufacturer of branded and private-label apparel, has reported its financial results for the second quarter ended June 30, 2025. The company's sales for the quarter remained stable at 470.1 million dollars, consistent with the previous year's quarter. For the first half of 2025, sales increased by 5...
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Ross Stores Q2 sales rise 5 percent, earnings affected by tariffs
Ross Stores, Inc. reported earnings per share of 1.56 dollars for the second quarter ended August 2, 2025, on net income of 508 million dollars. These results were negatively impacted by approximately 11 cents per share in tariff-related costs. In comparison, the company reported earnings per share of 1.59 dollars on net income of 527 million...
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Rent the Runway announces debt restructuring and new investment
Rent the Runway, a fashion rental company, has announced a "growth recapitalization" transaction that is expected to significantly strengthen its financial position. The deal involves a substantial reduction in the company's debt, a decrease in interest expenses, and a favourable maturity extension on its remaining debt. As part of the...
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Cato Fashions net income improves to 6.8 million dollars in second quarter
The Cato Corporation has reported an increase in net income for the second quarter ended August 2, 2025. The company's net income reached 6.8 million dollars, or 35 cents per diluted share, a sharp rise from the 0.1 million dollars reported in the same quarter last year. This improvement was driven by a 5 percent increase in sales, which reached...
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Sam Bowman named CMO at Cart.com after Amify acquisition
Cart.com, a provider of commerce solutions, has announced the appointment of Sam Bowman as its new chief marketing officer. Bowman, who is based in Cincinnati, joined the company in April 2024 through its acquisition of Amify. According to Omair Tariq, founder and CEO of Cart.com, Bowman has been a "driving force" behind the company's marketing...
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TJX exceeds expectations in Q2 2026, raises full-year guidance
The TJX Companies, Inc. announced strong sales and operating results for the second quarter of its fiscal year 2026. Net sales for the quarter were 14.4 billion dollars, a 7 percent increase compared to the same period in the previous fiscal year. The company's second-quarter consolidated comparable sales increased by 4 percent. Net income for...
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Michael Fiddelke to lead Target as new CEO starting February 2026
Target Corporation has announced a major leadership change, with its board of directors unanimously electing Michael Fiddelke as the new chief executive officer. Fiddelke, who currently serves as chief operating officer, will also join the board of directors. Both appointments will be effective on February 1, 2026. Current CEO Brian Cornell will...
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