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.
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...
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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...
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Ross Stores Q2 revenue jumps 13 percent driven by customer traffic
American off-price retailer Ross Stores has posted its financial results for the 13-week quarter ended August 1, 2026, reporting revenue growth driven by customer foot traffic and tariff refunds. Sales for the second quarter increased 13 percent to 6.3 billion dollars, compared to 5.5 billion dollars in 2025. Comparable store sales rose 10...
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Cato Fashions reports sharp decline in second quarter net income
US retailer The Cato Corporation (Cato) has reported net income of 1.1 million dollars, or 0.06 dollars per diluted share, for the second quarter ended August 1, 2026 compared to net income of 6.8 million dollars, or 0.35 dollars per diluted share, for the second quarter ended August 2, 2025. Sales for the second quarter were 163.9 million...
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Stoke Shoes names Caleb Pressley creative lead and partner
US performance-lifestyle footwear brand Stoke Shoes has appointed media personality and creator Caleb Pressley as creative lead and partner. Pressley, a former University of North Carolina football player and founder of production firm Sundae Conversation, will collaborate with the brand on creative campaigns and digital strategies. His role...
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JD Sports lowers profit forecast amid challenging Q2 trading
UK-based retail group JD Sports Fashion (JD Group) has revised its full-year profit guidance downward following a challenging second quarter. The group now anticipates profit before tax and adjusting items of between 700 million pounds and 800 million pounds (953 to 1,089 million dollars) for the fiscal year 2027, compared to the previously...
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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...
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Target reports 5.3 percent sales growth in Q2 as apparel and core categories expand
US retail giant Target Corporation (Target) released its financial results for the second quarter ended August 1, 2026, delivering top-line growth across physical and digital channels alongside significant bottom-line expansion. Total net sales reached 26.54 billion dollars, representing a 5.3 percent increase compared to the prior-year period....
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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...
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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...
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