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.
Movado Group navigates tough Q1 with focus on cost savings and innovation
Movado Group, Inc. financial results for the first quarter of fiscal 2026, ended April 30, 2025, revealed a slight dip in net sales amidst a challenging retail landscape. The company recorded net sales of 131.8 million dollars, a 1.9 percent versus the prior-year period. Looking forward, the company has opted not to provide a fiscal 2026 outlook...
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American Eagle Outfitters reports challenging Q1, withdraws outlook
American Eagle Outfitters (AEO) revealed a challenging first quarter with net revenue decreasing by 5 percent to 1.1 billion dollars and comparable sales down by 3 percent. Both key brands saw decreases, with Aerie comparable sales down 4 percent and American Eagle comparable sales down 2 percent. Given the macro uncertainty and the...
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Gap posts strong Q1, maintains optimistic outlook despite tariff uncertainty
Apparel retailer Gap Inc., parent to Old Navy, Gap, Banana Republic, and Athleta, announced net sales of 3.5 billion dollars, a 2 percent increase for its first quarter ended May 3, 2025. Comparable sales also rose by 2 percent year-over-year. Online sales increased 6 percent and represented 39 percent of total net sales, while store sales...
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Kohl's Q1 sales down, but profitability metrics improve
Kohl's first quarter results for the 13-week period ended May 3, 2025, show a narrowed net loss despite a decrease in sales. The retailer reported net sales of 3 billion dollars, down 4.1 percent year-over-year, with comparable sales also declining by 3.9 percent. Michael Bender, Kohl’s interim CEO, said, “Our first quarter performance was ahead...
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Burlington Stores shares optimistic outlook after positive Q1
Off-price retailer Burlington Stores, Inc., in its first-quarter results announcement for the period ended May 3, 2025, reported a 6 percent increase in total sales to 2.5 billion dollars, with comparable store sales remaining flat. Net income surged to 101 million dollars or 1.58 dollars per diluted share, up from 79 million dollars or 1.22...
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Caleres reports challenging first quarter, suspends full-year guidance
Footwear company Caleres announced its first-quarter results for the 13-weeks ended May 3, 2025, revealing a significant decline in net sales and profitability compared to the same period last year. The company reported net sales of 614.2 million dollars, a 6.8 percent decrease from the first quarter of 2024. This downturn was observed across...
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Dick's Sporting Goods reports strong Q1, maintains positive outlook
Dick’s Sporting Goods has reported its first-quarter 2025 financial results, delivering diluted earnings per share of 3.24 dollars and non-GAAP diluted earnings per share of 3.37 dollars, compared to 3.30 dollars in the prior year's quarter. Looking ahead, Dick's Sporting Goods maintains its full-year 2025 guidance, anticipating comparable sales...
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Macy's Q1 earnings beat but lowers outlook amid tariff concerns
Macy's, Inc. announced financial results for the first quarter that surpassed its own guidance, signaling promising progress on its "Bold New Chapter" strategy. The retailer reported net sales of 4.6 billion dollars, despite a 5.1 percent decrease inclusive of store closures compared to the same period last year, and delivered adjusted diluted...
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Europa Eyewear appoints Megan Molony as CEO
Eyewear retailer Europa has announced the appointment of Megan Molony as its new chief executive officer, effective June 16, 2025. Molony will assume responsibility for the entire Europa platform, encompassing Europa Eyewear and Eyebobs, as well as future acquisitions, while collaborating closely with the board of directors to define and...
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Ryan Heuser named CEO of Pura Vida
Costa Rica-founded Pura Vida, a brand known for its handcrafted jewelry, has announced the appointment of Ryan Heuser as its new chief executive officer. In this key leadership position, Heuser will spearhead efforts to drive profitable growth across all of Pura Vida's sales channels. Brenna Fleener, VP of marketing & ecommerce, expressed...
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