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.
India proposes decriminalization of minor textile violations
India is moving to a more proportionate enforcement regime for minor violations in the textile sector, with the government proposing to replace criminal prosecution and imprisonment with administrative warnings and financial penalties. The proposed Textiles Committee (Adjudication of Penalties and Appeal) Rules, 2026 seek to establish a formal...
BusinessMemberloading...
Van de Velde achieves revenue growth on direct-to-consumer momentum
Belgian lingerie group Van de Velde reported a 5.2 percent increase in reported revenue to 115.7 million euros (135 million dollars) for the first half of 2026, up from 110 million euros in the prior-year period. On a comparable basis, taking into account seasonal delivery shifts, consolidated revenue rose 4 percent to 116.6 million euros. The...
BusinessMemberloading...
Dick's Sporting Goods reports mixed Q2 results amidst Foot Locker integration
US-based sports retailer Dick’s Sporting Goods reported its financial results for the second quarter ended August 1, 2026. Consolidated net sales rose 53.2 percent to 5.59 billion dollars compared to 3.65 billion dollars in the prior year period, primarily reflecting the acquisition of Foot Locker. However, net income for the second quarter...
BusinessMemberloading...
New board member: Mary Fox joins Abercrombie & Fitch
US specialty retailer Abercrombie & Fitch has announced the election of Mary Fox to its board of directors, effective August 18, 2026. Fox, 54, currently serves as president of home furnishings firm The Lovesac Company, where she oversees operations, marketing, finance, human resources, and overall business performance. “We are excited to...
Peopleloading...
Lululemon updates regional leadership structure in Asia
Canadian athletic apparel brand Lululemon has announced two leadership updates to support its continued expansion across China and Asia Pacific (APAC). After eight years serving as general manager of Lululemon's China business, San Yan Ng has been promoted to regional president of China and APAC. Her responsibilities now span both regions. In...
Peopleloading...
TJX exceeds Q2 sales forecasts with 4 percent comp sales growth
US off-price retailer The TJX Companies (TJX) has reported net sales of 15.18 billion dollars for the second quarter ended August 1, 2026, representing a 5 percent increase compared to the same period in the prior year. Consolidated comparable sales, or comp sales, grew 4 percent, exceeding company forecasts. Net income for the quarter reached...
BusinessFeaturedMemberloading...
Klarna achieves 18 percent GMV and 27 percent revenue growth in Q2
Swedish digital finance network Klarna reported its financial results for the second quarter of 2026, delivering positive net income and notable expansion across key operational metrics. During the quarter, gross merchandise volume (GMV) reached 36.6 billion dollars, marking an 18 percent increase year-over-year (YoY). Revenue rose 27 percent...
BusinessMemberloading...
Frasers Group increases stake in Hugo Boss to 47.89 percent
UK-based retail conglomerate Frasers Group plc (Frasers) has significantly consolidated its ownership in German premium fashion label Hugo Boss following the conclusion of its voluntary public takeover offer. On June 10, 2026, Frasers initially announced its decision to launch a voluntary public takeover offer to acquire all ordinary no-par...
BusinessMemberloading...
Perfect Moment narrows net loss despite lower Q1 revenue
UK luxury activewear label Perfect Moment reported a 21.9 percent decline in net revenue to 1.2 million dollars for its fiscal first quarter ended June 30, 2026, down from 1.5 million dollars in the year-ago quarter. However, net loss improved to 3.5 million dollars versus 3.8 million dollars in the prior year. The London-based company noted...
BusinessMemberloading...
Former Abercrombie & Fitch CMO Carey Collins Krug moves to Vuori
American activewear brand Vuori has appointed retail industry executive Carey Collins Krug as its new chief marketing officer, effective October 5, 2026. In her new role, Krug will lead the company’s global marketing organisation. Her responsibilities include overseeing brand, creative, consumer engagement, digital, retail, wholesale and...
Peopleloading...