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.
Deckers Brands achieves record revenue driven by Hoka and Ugg momentum
US-based footwear company Deckers Brands has reported positive revenue and earnings for its third fiscal quarter ended December 31, 2025. The Goleta-based group saw net sales increase 7.1 percent to 1.96 billion dollars, and up 6.8 percent on a constant currency basis. Stefano Caroti, president and chief executive officer, noted that the...
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Adidas records strong revenue growth and initiates share buyback
German sportswear group Adidas has reported strong preliminary financial results for the full year 2025, supported by double-digit growth across all market segments. The Herzogenaurach-based company reached a record revenue level of 24.81 billion euros (29.58 billion dollars), representing an increase from 23.68 billion euros in 2024. This...
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Phia secures 35 million dollars in series A funding to scale AI shopping platform
Phia, the AI-driven shopping agent co-founded by Phoebe Gates and Sophia Kianni, has secured 35 million dollars in series A funding. Led by Notable Capital, with support from Khosla Ventures and Kleiner Perkins, the round values the 10-month-old startup at 185 million dollars. Since its April 2025 debut, Phia has scaled to over one million users...
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Strathberry targets 100 million pounds in revenue following record trading period
UK luxury leather goods brand Strathberry has announced a 35 percent increase in revenue to 36.40 million pounds (50.37 million dollars) for the fiscal year ended April 30, 2025. The Edinburgh-based brand attributed this performance to aggressive international expansion and a robust direct-to-consumer (DTC) model, which now accounts for...
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Allbirds to shutter remaining full-price US stores by February 2026
Sustainable footwear brand Allbirds has announced it will close all remaining full-price retail locations in the US by the end of February 2026. The decision marks a significant shift in the company’s physical retail strategy as it prioritises a leaner, more capital-efficient operating model. The San Francisco-based company stated that the...
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Levi Strauss shifts to direct-to-consumer model, achieves 7 percent organic growth
US denim giant Levi Strauss & Co. (LS&Co.) has reported a 4 percent increase in reported net revenues to 6.30 billion dollars for the fiscal year ended November 30, 2025. On an organic basis, which excludes the impacts of foreign exchange and divestitures, the group saw a 7 percent rise compared to the prior year. The company has reached what...
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LVMH board to welcome Expedia CEO Ariane Gorin
French luxury conglomerate LVMH Moët Hennessy Louis Vuitton (LVMH) has announced changes to its leadership structure following a board of directors meeting held on January 27, 2026. The group intends to propose the appointment of Ariane Gorin to the board at the upcoming annual general meeting (AGM) scheduled for April 23, 2026. The move follows...
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Barbour's turnover grows as international success fuels new charitable initiatives
British premium lifestyle brand Barbour has reported a strong financial year for 2024-25, marked by a 9 percent increase in turnover to 350.80 million pounds (480 million dollars). The fifth generation family-owned company, based in the North East of England, attributed the growth to robust performance across clothing, accessories, and...
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Elliott Hill leads Nike turnaround amid cyber attack and workforce adjustments
US sportswear leader Nike has confirmed it is investigating a potential cybersecurity incident following claims by an extortion group that it has leaked a significant volume of internal data. The disclosure coincides with reports that the retailer is reducing its workforce by approximately 775 roles at distribution centres to accommodate...
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Dr. Martens reports revenue decline amid strategic pivot to full price sales
UK-based footwear brand Dr. Martens has reported a decline in third quarter revenue as the company prioritises full price sales over promotional volume. For the 13 weeks ended December 28, 2025, group revenue fell 2.7 percent on a constant currency (CC) basis to 253 million pounds (346 million dollars). Performance by channel and region The...
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