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.
Ralph Lauren appoints Angela Ahrendts as lead independent director
Ralph Lauren Corporation has named Angela Ahrendts as the new lead independent director, effective after the company's 2025 annual meeting of shareholders. Ahrendts, who joined the Ralph Lauren board in August 2018, currently chairs the finance committee and serves on the nominating, governance, and sustainability committee. Commenting on the...
People4 hours ago
Matalan's EBITDA rises despite sales decline amidst challenging market
Matalan, the UK-based omnichannel fashion and homeware retailer, has reported a 9 percent dip in full-year sales to 985 million pounds. However the strategic emphasis on driving profitability resulted in a 6 percent year-on-year increase in EBITDA to 56 million pounds for the year ended February 22, 2025, with an 11 million pounds improvement in...
BusinessFeaturedMemberJun 19, 2025
John Tighe appointed CEO of Tailored Brands; Sachse transitions to executive chairman
Menswear retailer Tailored Brands, Inc. announced a leadership transition, with John Tighe appointed as the new chief executive officer, effective August 5, 2025. Peter Sachse, who has been instrumental in the company's turnaround, will transition to executive chairman of the board. Sachse's leadership has been lauded by the board. “Peter has...
PeopleJun 19, 2025
Reitmans Canada reports Q1 decline amidst challenging conditions
Canadian apparel retailer Reitmans Canada Limited (RCL) announced a challenging first quarter for the period ended May 3, 2025. The company reported a 4.1 percent decrease in net revenues, to 158.9 million Canadian dollars, coupled with a net loss of 10 million Canadian dollars, or 0.20 Canadian dollars per share, significantly wider than the...
BusinessMemberJun 18, 2025
Vince Q1 2025: Sales decline, focus on supply chain diversification
American luxury apparel retailer Vince Holding's results for the first quarter ended May 3, 2025, highlighted the company's swift actions in response to a challenging and uncertain economic landscape. For the first quarter of fiscal 2025, total company net sales decreased by 2.1 percent to 57.9 million dollars. This decline was primarily...
BusinessMemberJun 17, 2025
Roots reports strong Q1 2025 with sales up 6.7 percent
Canadian outdoor-lifestyle brand Roots reported a strong start to fiscal 2025, posting its third consecutive quarter of year-over-year growth across sales, gross margin, and adjusted EBITDA. For the first quarter ended May 3, 2025, total sales rose 6.7 percent to 40 million Canadian dollars, led by strong direct-to-consumer (DTC) performance....
BusinessMemberJun 16, 2025
Oxford Industries Q1 sales dip amid tariff concerns, revises outlook
For the first quarter ended on May 3, 2025, Oxford Industries, owner of brands such as Tommy Bahama, Lilly Pulitzer, and Johnny Was among others, reported consolidated net sales of 393 million dollars, a slight decrease compared to the first quarter of fiscal 2024. GAAP earnings per share stood at 1.70 dollars, down from 2.42 dollars in the...
BusinessFeaturedMemberJun 12, 2025
Jacquie Naylor to retire from Myer board
Australian department store Myer Holdings announced that Jacquie Naylor, an independent non-executive director, will retire from the board on June 23, 2025, after six years of service. Naylor initially joined the board in May 2019. Myer executive chair Olivia Wirth acknowledged Naylor's contributions, stating, "On behalf of the Board, I would...
PeopleJun 12, 2025
J.Jill: Q1 sales decline, withdraws fiscal 2025 guidance due to uncertainty
J.Jill’s first quarter financial results revealed a decline in sales amidst a challenging retail landscape. The announcement also highlighted the recent appointment of Mary Ellen Coyne as the company's new chief executive officer and president, who shared her initial impressions and strategic outlook for the brand. For the first quarter ended...
BusinessMemberJun 11, 2025
Designer Brands faces challenging Q1 2025, withdraws guidance
Designer Brands, a designer, producer, and retailer of footwear and accessories, reported its financial results for the first quarter ended May 3, 2025, revealing a challenging start to the year. The company saw a decrease in net sales by 8 percent to 686.9 million dollars, alongside a 7.8 percent decline in total comparable sales compared to...
BusinessMemberJun 11, 2025