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.
Clarks announces strategic overhaul after challenging 2024
C&J Clark Limited, the parent company of the iconic footwear brand Clarks, navigated a challenging and transitional year in 2024, marked by leadership changes and a complex global economic environment. The company reported a statutory turnover of 901.3 million pounds, a 9.4 percent decrease from the previous year, and a loss after tax of 39.3...
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Nike's 'Sport Offense' strategy aims to reposition business after sharp revenue decline
Nike announced its financial results for the fourth quarter and full year, which concluded on May 31, 2025. The athletic footwear and apparel giant reported full-year revenues of 46.3 billion dollars, marking a 10 percent decrease on a reported basis. The fourth quarter similarly saw a downturn, with revenues reaching 11.1 billion dollars, down...
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Ulta Beauty announces interim CFO appointment, reaffirms 2025 guidance
Ulta Beauty, Inc. announced a change in its executive leadership, naming Chris Lialios, the company’s senior vice president – controller, as interim chief financial officer, effective immediately. Lialios steps into this role following the departure of Paula Oyibo. The beauty retailer has initiated an external search for a permanent successor,...
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Ralph Lauren appoints Angela Ahrendts as lead independent director
Ralph Lauren Corporation has named Angela Ahrendts as the new lead independent director, effective after the company's 2025 annual meeting of shareholders. Ahrendts, who joined the Ralph Lauren board in August 2018, currently chairs the finance committee and serves on the nominating, governance, and sustainability committee. Commenting on the...
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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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