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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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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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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Deckers Brands records strong fiscal year growth driven by Hoka and UGG
Global footwear and apparel retailer Deckers Brands recorded revenue growth driven by its key brands, Hoka and UGG. Net sales for the fiscal year surged by 16.3 percent to 4.986 billion dollars, with constant currency net sales increasing by 16.5 percent. Deckers also announced the appointment of Cynthia (Cindy) L. Davis as the new chair of the...
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Urban Outfitters records strong sales and earning growth in Q1
Urban Outfitters has announced the first quarter results reporting strong increase in net income to 108.3 million dollars and earnings per diluted share to 1.16 dollars. The lifestyle products and services company, which operates brands like Anthropologie, Free People, FP Movement, Urban Outfitters, and Nuuly, saw its total net sales climb 10.7...
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Terence Reilly promoted to chief brand officer at Crocs, Inc.
Crocs, Inc. has announced the promotion of Terence Reilly to executive vice president, chief brand officer, effective immediately. In this newly created role, Reilly will oversee the marketing and communications functions for both the Crocs and Heydude brands. Reilly, a seasoned brand expert, is tasked with shaping the marketing vision for both...
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M&S expects 300 million pounds profit reduction due to cyber attack
Marks & Spencer (M&S) has concluded the 52 weeks ended March 29, 2025, by achieving its third consecutive year of growth across sales, market share, profit, and return on capital. M&S's sales rose by 6.1 percent to 13.9 billion pounds and pre-tax profit increased by 22.2 percent to 875.5 million pounds, representing the highest figure in over 15...
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Daniel Heaf succeeds Gina Boswell as Bath & Body Works CEO
Bath & Body Works has appointed Daniel Heaf as its new chief executive officer. Heaf's background includes senior leadership roles at Nike and Burberry, where he drove significant growth and innovation. Previous CEO Gina Boswell has stepped down from her role and as a member of the Bath & Body Works board, effective immediately. “Through a...
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MySize enters circular fashion market with Percentil acquisition
MySize, AI-driven sizing solutions and omnichannel e-commerce platform, has announced the acquisition of key assets of Percentil, a marketplace for second-hand fashion, with operations across Spain, France, Germany, and Italy for 679,000 dollars. This strategic move marks MySize's entry into the circular fashion and re-commerce sectors, aligning...
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