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.
Despite 2024 struggles, THG CEO optimistic after Ingenuity demerger
THG has highlighted a transformative year marked by strategic progress, operational resilience, and balance sheet deleveraging in its preliminary results for the financial year ended December 31, 2024. The company also announced results for the first-quarter of fiscal 2025. Key headlines include FY 2024 pre-demerger revenue of 1.88 billion...
BusinessMember1 hour ago
Perfect Corp. sees 12.1 percent revenue growth in Q1
Perfect Corp., a fashion and beauty tech solutions provider, in its unaudited financial results for the first quarter reported revenue of 16 million dollars, a 12.1 percent increase compared to the same period last year. This growth was mainly fuelled by the increasing adoption of its AI and AR-powered cloud solutions, along with subscriptions...
BusinessMember5 hours ago
Carter's Q1 sales and earnings decline
Carter's, a prominent children's wear retailer, disclosed its financial performance for the first quarter of fiscal year 2025, revealing a reduction in key financial indicators compared to the corresponding period last year, indicating a difficult start to the fiscal year for the company. The company's consolidated net sales for the first...
BusinessMemberApr 25, 2025
Skechers Q1 sales up, withdraws guidance due to economic uncertainty
Sportswear company Skechers announced its first quarter 2025 financial results, reporting sales of 2.41 billion dollars, a 7.1 percent increase driven by a 7.2 percent increase internationally and a 6.9 percent increase domestically. However, due to macroeconomic uncertainty, Skechers is withdrawing its annual 2025 financial guidance. CEO Robert...
BusinessMemberApr 25, 2025
Asos reports profitability turnaround in H1 2025
UK-based online fashion retailer Asos has announced a significant turnaround in profitability for the first half of fiscal year 2025, showcasing the early success of its new commercial model implemented over the past two years. The company reported a positive adjusted EBITDA increase of approximately 60 million pounds year-on-year in the first...
BusinessFeaturedMemberApr 24, 2025
Avery Dennison reports Q1 sales and earnings
Avery Dennison reported a slight dip in unaudited first-quarter sales, decreasing by 1.1 percent to 1.5 billion dollars. However, the company saw a positive trend in its organic sales, which grew by 1.2 percent. Materials Group sales decreased 1.1 percent to 1.5 billion dollars and that of Solutions Group rose 2 percent to 668 million dollars....
BusinessMemberApr 24, 2025
Dana Medema to lead Revlon North America starting May 2025
Beauty company Revlon has appointed Dana Medema as president of North America, effective May 5, 2025. She will report directly to chief executive officer Michelle Peluso. Medema most recently served as senior vice president and head of personal health – North America at Philips. Geralyn Breig, who joined Revlon in 2023 to lead the region’s...
PeopleApr 21, 2025
Despite Q4 setback, Reitmans stays positive on recovery
Canadian apparel retailer Reitmans reported a drop in fourth quarter net revenues with a decline in net earnings. Net loss for the quarter reached 4.2 million Canadian dollars and net sales decreased by 7.3 percent to 204.8 million Canadian dollars. Despite these challenges, CEO Andrea Limbardi expressed confidence in the company's strategic...
BusinessMemberApr 11, 2025
Roots' Q4 sales climb on strong holiday demand and DTC strength
Toronto-based lifestyle brand Roots ended its fiscal year on a high note, reporting a solid fourth quarter performance that helped offset a flat topline for the full year. The company saw fourth-quarter sales climb 2.4 percent to 110.8 million Canadian dollars. Direct-to-consumer (DTC) comparable sales rose 7.5 percent, bolstered by strong...
BusinessMemberApr 10, 2025
JD Sports posts steady Q4, announces medium-term growth strategy
Sports fashion retailer JD Sports has provided its fourth-quarter trading update and initial outlook for the new financial year, highlighting a resilient performance in a challenging market. The Group reported LFL revenue growth of 0.3 percent and organic revenue growth of 5.8 percent for FY25, with adjusted pre-tax profit landing within the...
BusinessApr 9, 2025