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.
Nike restructures leadership team following Heidi O'Neill's retirement
Nike has announced reorganisation of its senior leadership team, aiming to accelerate its "Win Now" strategy and position the company for sustained growth. The restructuring includes the promotion of key executives and the retirement of longtime leader, Heidi O’Neill, president of consumer, product, and brand. She has announced her retirement...
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Boot Barn appoints John Hazen as CEO
Apparel and footwear retailer Boot Barn has officially appointed John Hazen as its chief executive officer, effective May 5, 2025. Hazen had been serving as the company's interim CEO since November 2024. Peter Starrett, executive chairman of Boot Barn, expressed confidence in Hazen's leadership, stating, "After a comprehensive search process,...
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Skechers to be acquired by 3G Capital in 9.4 billion dollars deal
In a significant development in the footwear industry, Skechers U.S.A., Inc. has announced its agreement to be acquired by global investment firm 3G Capital for approximately 9.4 billion dollars. The transaction, unanimously approved by Skechers' board of directors, will transition the company from a public to a privately held entity. Commenting...
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Melissa Riggs promoted to CMO at The Lycra Company
The Lycra Company, fibre and technology solution provider for the apparel industry, has promoted Melissa Riggs, director of marketing, North America to the role of chief marketing officer (CMO). Riggs brings more than two decades of brand-building experience in consumer packaged goods and the apparel and footwear industries to her new role,...
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Amazon Q1 sales surge, but guidance concerns investors
Amazon.com’s financial results for the first quarter of 2025, showcased growth across its core business segments. Net sales increased by 9 percent year-over-year to 155.7 billion dollars, with North America contributing 92.9 billion dollars and international sales reaching 33.5 billion dollars. Amazon Web Services (AWS) experienced a 17 percent...
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Columbia Sportswear withdraws 2025 forecast citing tariff pressures
Columbia Sportswear Company reported its first quarter 2025 financial results showcasing a modest uptick in performance amid global economic uncertainties. Despite the positive quarterly performance, Columbia Sportswear withdrew its previously issued full-year 2025 financial outlook, citing macroeconomic uncertainties stemming from recent U.S....
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Aritzia records strong revenue and profit growth in fiscal 2025
Luxury design house Aritzia delivered a strong financial performance in fiscal 2025, reflecting significant improvements in revenue growth and profitability across both its retail and eCommerce channels. The company reported a 31.3 percent increase in net revenue for the fourth quarter, reaching 895.1 million Canadian dollars (647.7 million...
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NN.07 achieves record results as global expansion strategy pays off
Danish menswear brand NN.07 has reported its most successful financial year to date in 2024, posting significant growth across key performance indicators. The Copenhagen-based label reported a 47 percent increase in operating profit (EBIT), a 28 percent rise in net profit, and a 16 percent growth in gross profit compared to the previous year....
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eBay posts improved Q1 results, announces CFO transition
Ecommerce company eBay first-quarter 2025 results demonstrate a strong start to the year. The company also revealed changes in its executive leadership, including a new chief financial officer. First quarter revenue reached 2.6 billion dollars, up 1 percent versus the same period last year, while gross merchandise volume (GMV) grew to...
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Joor survey: Fashion industry braces for tariff impact with price increases
The global fashion industry is confronting a significant upheaval as newly imposed U.S. trade tariffs. As a consequence, brands and retailers anticipate average price increases of 20 percent, according to an exclusive survey by Joor, a leading wholesale management platform. Conducted between April 10 and 20, 2025, the Joor Tariff Survey...
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