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.
Designer Brands achieves profitability improvement in second quarter
Footwear and accessories group Designer Brands announced financial results for the second quarter ended August 1, 2026, recording an increase in net income to 17.6 million dollars, or diluted earnings per share (EPS) of 0.31 dollars, compared to the same period last year. Adjusted net income reached 19.2 million dollars, delivering an adjusted...
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THG posts 7.2 percent revenue increase in first half of 2026
UK e-commerce group THG PLC (THG) has announced its interim financial results for the half-year ended June 30, 2026, recording a 7.2 percent increase in group revenue on a continuing constant currency (CCY) basis to 828.7 million pounds (1,123 million dollars). Revenue reached 828.7 million pounds on a statutory basis, up 5.8 percent compared to...
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ABF Q4 trading update: Primark demerger progress and financial outlook
UK-based conglomerate Associated British Foods (ABF) has issued a trading update for the fourth quarter of fiscal year 2026 ended September 12, 2026, revealing that group adjusted operating profit is expected to align with previous expectations, while adjusted earnings per share will exceed prior forecasts. Work on the planned demerger of ABF's...
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DXL returns to profitability in second quarter, sales decline
Specialty apparel retailer Destination XL Group (DXL) reported financial results for the second quarter ended August 1, 2026, recording a net income of 2.0 million dollars, or 0.04 dollars per diluted share. The result marks a return to profitability compared to a net loss of 0.3 million dollars, in the prior-year period. The profitability...
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J.Jill Q2 net sales increase to 154.8 million dollars
Womenswear retailer J.Jill recorded net sales of 154.8 million dollars, up 0.5 percent for the second quarter ended August 1, 2026 compared to 154 million dollars in the same quarter of fiscal 2025. Total company comparable sales, which include stores and direct-to-consumer (D2C) sales, increased by 0.5 percent. D2C net sales represented 47.1...
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Caleres Brand Portfolio sales increase 23.6 percent, Famous Footwear declines
American footwear company Caleres reported its financial results for the second quarter ended August 1, 2026, recording net sales of 695.5 million dollars, up 5.6 percent compared to the same period last year. Excluding the impact of the newly acquired Stuart Weitzman brand, net sales declined 0.8 percent to 653 million dollars. GAAP net...
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Tariff refunds boost American Eagle Outfitters' Q2 performance
US fashion retailer American Eagle Outfitters (AEO) announced financial results for the second quarter ended August 1, 2026, recording an 8 percent increase in total net revenue to 1.38 billion dollars. Total comparable sales rose 6 percent, driven primarily by strong momentum at Aerie. Operating profit grew to 211 million dollars compared to...
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Richemont appoints Anton Rupert as non-executive co-deputy chairman
Swiss luxury group Compagnie Financière Richemont (Richemont) has appointed Anton Rupert as non-executive co-deputy chairman of the board of directors. Rupert will serve alongside Bram Schot, who was appointed non-executive deputy chairman in 2024 and will continue in his role as non-executive co-deputy chairman. The two non-executive co-deputy...
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Chalhoub Group joins Global Fashion Agenda to advance sustainability
Denmark-based organisation Global Fashion Agenda (GFA) and United Arab Emirates-based luxury retailer Chalhoub Group have entered a strategic partnership to accelerate sustainability across fashion value chains. Announced during Global Fashion Summit: Copenhagen Edition 2026, Chalhoub Group has joined GFA as an Associate Partner. Through the...
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Oxford Industries lowers full-year guidance owing to Lilly Pulitzer softness
US apparel group Oxford Industries, Inc. (Oxford Industries) reported consolidated net sales of 394 million dollars for the second quarter of fiscal 2026 ended August 1, 2026, marking a decrease from 403 million dollars in the second quarter of fiscal 2025. Earnings per share (EPS) on a GAAP basis reached 3.25 dollars compared to 1.12 dollars in...
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