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.
Wacoal acquires Glamorise to bolster digital growth
The US-based Wacoal International Corporation (WIC), which serves as the parent company of Wacoal America, Inc., has announced an agreement to acquire all issued and outstanding shares of Glamorise. Based in New York, Glamorise specializes in the design, development, and e-commerce-driven sales of women’s innerwear. The strategic move is...
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J.Jill reports sales decline and profit pressure for fiscal 2025
US womenswear retailer J.Jill has reported a decline in financial performance for the fourth quarter and full fiscal year ended January 31, 2026. Despite a downturn in overall sales and operating margins, the board of directors has declared a 12.5 percent increase in its quarterly cash dividend, signaling confidence in its long-term operational...
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Nike shifts from 'direct-first' to 'city-led' strategy amidst Q3 challenges
US brand Nike has reported financial results for the third quarter of fiscal 2026, ending February 28, 2026, revealing a period of strategic rebalancing. The company recorded revenues of 11.3 billion dollars, remaining flat on a reported basis compared to the previous year. On a currency-neutral basis, revenues declined by 3 percent. The results...
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American Exchange Group acquires Allbirds for 39 million dollars
US footwear brand Allbirds has announced a definitive agreement to sell its intellectual property and specific assets and liabilities to American Exchange Group. The New York-based firm, which specializes in accessories design and manufacturing, will acquire the brand for an estimated 39 million dollars. The transaction was negotiated by a...
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Perfect Moment secures 12 million dollars in growth financing
UK-based luxury lifestyle brand Perfect Moment has announced it has secured 12 million dollars in growth financing to strengthen its liquidity and support its strategic expansion. The capital injection follows the recently reported first profitable quarter for the brand and is intended to accelerate progress toward sustainable profitability. The...
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Debenhams raises guidance following adjusted EBITDA growth
Manchester-based Debenhams Group, the online platform operated by Boohoo Group plc, has announced it delivered 53 million pounds (70.16 million dollars) in adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) for the financial year ending February 28, 2026. This figure represents a 36 percent increase compared to the...
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StockX appoints Sam Lerer as chief financial officer
US resale platform StockX has announced the permanent appointment of Sam Lerer as chief financial officer. Lerer has served as interim CFO and strategic advisor at the Detroit-based company since July 2025. During his interim tenure, Lerer was instrumental in strengthening the financial operations of the business. His work focused on enhancing...
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Shoe Carnival to rebrand as Shoe Station Group following strategic shift
US footwear retailer Shoe Carnival highlighted a strategic shift toward its Shoe Station banner despite a challenging retail climate in its financial results for the fourth quarter and fiscal year ended January 31, 2026. The company reported full year diluted earnings per share (EPS) of 1.90 dollars, exceeding market expectations, while...
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Designer Brands navigates sales decline with improved profitability in 2025
US footwear retailer Designer Brands Inc. has announced its financial results for the fourth quarter and full fiscal year ended January 31, 2026, revealing a period of disciplined execution and significant gross margin expansion. The Columbus-based company, which operates a direct-to-consumer (D2C) omnichannel infrastructure, saw its fourth...
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Paul Smith promotes Sean Baker to chief brand officer
British luxury label Paul Smith has appointed Sean Baker as its chief brand officer. Baker, who has spent over 13 years with the company, transitions into the newly created executive role from his previous position as director of brand and communications. The appointment marks a strategic shift for the independent fashion house as it seeks to...
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