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.
Victoria's Secret shareholders re-elect all nine director nominees
The US lingerie retailer Victoria’s Secret & Co. (VS&Co) has announced the preliminary voting results from its 2026 annual meeting of shareholders, confirming that investors voted to re-elect all nine of the company's director nominees to the board of directors. The list of re-elected board members includes independent chair Donna James. The...
Peopleloading...
Vera Bradley reports First revenue growth since Q4 FY22, signaling turnaround
The US lifestyle brand Vera Bradley has announced its financial results for the first quarter of the fiscal year ending January 30, 2027. The company recorded its first quarter of overall revenue growth since the fourth quarter of fiscal year ended January 29, 2022, signaling a pivot in its ongoing operational turnaround. Consolidated net...
BusinessMemberloading...
LPP Group: Q1 revenue up 10.5 percent despite sales growth miss
Polish fashion retailer LPP Group has reported a 10.5 percent year-over-year (YoY) increase in revenue for the first quarter of 2026, reaching 5.5 billion Polish zloty (1.50 billion dollars). The growth was primarily driven by the ongoing expansion of the brick and mortar retail chain, particularly the Sinsay brand, alongside an increase in...
BusinessMemberloading...
Shoe Carnival rebrands as Shoe Station Group
The US omnichannel footwear retailer Shoe Carnival has received shareholder approval to change its corporate name to Shoe Station Group. The name change takes effect on June 12, 2026, marking a transition in the group's long-term commercial strategy. In connection with the name change, the common stock of the company is expected to begin trading...
BusinessMemberloading...
Vera Bradley expands into apparel with Li & Fung partnership
The US supply chain solutions partner Li & Fung has announced the expansion of its licensing partnership with US lifestyle brand Vera Bradley into apparel. This development builds on the performance of its existing soft home business, which launched in early 2025. The agreement, facilitated by Vera Bradley’s licensing agency IMG Licensing,...
Retailloading...
Primark appoints Lucy Slinger as chief financial officer
International fashion retailer Primark, founded in Ireland, has announced the appointment of Lucy Slinger as its new chief financial officer (CFO). Slinger will play a critical role in driving the long-term growth strategy of Primark as the business expands internationally and prepares to become a standalone entity. She joins the business from...
Peopleloading...
Oxford Industries narrows full-year sales guidance
US apparel group Oxford Industries, Inc. has announced its financial results for the first quarter of fiscal year 2026 ended May 2, 2026, revealing consolidated net sales in line with company expectations but a decline in profitability due to macroeconomic pressures and incremental tariff costs. Consolidated net sales in the first quarter of...
BusinessMemberloading...
J.Jill sales drop 6 percent for first quarter
The US womenswear retailer J.Jill, Inc. has announced its financial results for the first quarter of fiscal year 2026 ended May 2, 2026, revealing a decline in both net sales and profitability in line with company expectations. Net sales for the first quarter of fiscal 2026 decreased 6 percent to 144.40 million dollars compared to the first...
BusinessMemberloading...
Stitch Fix reports fifth consecutive quarter of revenue growth in Q3 2026
US online personal styling service Stitch Fix has reported its financial results for the third quarter of fiscal 2026 ended May 2, 2026, delivering its fifth consecutive quarter of year-over-year revenue growth on an adjusted basis. Both net revenue and adjusted EBITDA exceeded company expectations. Net revenue for the third quarter increased by...
BusinessMemberloading...
Asics to spin off Onitsuka Tiger business into independent subsidiary from 2027
Asics Corporation has announced plans to spin off its Onitsuka Tiger business. The company's Board of Directors has approved the transfer of the business to OT Group, a wholly owned subsidiary of Asics, through a simplified absorption-type company split. The restructuring is scheduled to take effect on January 1, 2027. Under the new structure,...
BusinessMemberloading...