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.
Asos results: revenue declines, adjusted EBITDA up 51 percent
UK online retailer Asos has announced its interim results for the 26 weeks to March 1, 2026, revealing a 14 percent drop in first-half revenue to 1.12 billion pounds and a 137.9 million pounds statutory loss before tax despite a significant 51 percent increase in adjusted EBITDA. The report highlights a period of structural recalibration, where...
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Former Nike executive Heidi O'Neill named Lululemon's next chief executive officer
Canadian athletic apparel company Lululemon has announced the appointment of industry veteran Heidi O’Neill as its next chief executive officer (CEO). O’Neill, who brings more than three decades of experience in the brand strategy and product innovation sectors, is scheduled to assume the role and join the board of directors on September 8,...
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Innovative Eyewear reports record sales growth for first quarter 2026
US-based smart eyewear developer Innovative Eyewear has announced preliminary unaudited sales results for the first quarter ended March 31, 2026. The company, which manufactures products under the Lucyd, Reebok, Nautica, and Eddie Bauer brands, achieved preliminary first quarter (Q1) sales of approximately 0.81 million dollars. This figure...
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Shoe Zone issues profit warning
British footwear retailer Shoe Zone has announced a significant downward revision of its financial outlook for the fiscal year ending October 3, 2026. The company now anticipates an adjusted loss before tax in the range of 1 million pounds to 2 million pounds. This projection marks a stark contrast to previous market expectations of a 1 million...
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Sky News report: JD Sports chairman Andy Higginson to depart in unexpected exit
UK-based retailer JD Sports Fashion is preparing for the departure of its chairman, Andy Higginson, who is expected to step down from the board in the coming months. The news, reported by Sky News, marks a significant change for the leadership of the largest listed sporting goods group in the UK. The report added that Higginson, a retail veteran...
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Clarks returns to profitability as turnaround strategy takes hold
British footwear brand Clarks has reported a return to the black for the financial year ended December 31, 2025. The Somerset-based company achieved an operating profit of 66.30 million pounds (89.55 million dollars), a significant recovery from the 18.10 million pounds loss recorded during the previous year. The group attributed this...
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Antler reports fourth consecutive year of double-digit growth
British travel brand Antler has announced strong financial results for its fiscal year ending February 28, 2026, recording global gross sales of 52 million pounds (70.15 million dollars). The performance represents a 17 percent increase compared to the previous year and marks the fourth consecutive year of double-digit growth for the company....
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Primark to separate from Associated British Foods by 2027
UK-based diversified group Associated British Foods (ABF) has announced a definitive plan to demerge its retail business, Primark, from its food operations. The decision follows an in-depth strategic review initiated in November 2025 and is intended to be completed before the end of the 2027 calendar year. The demerger is supported by ABF’s...
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California AG: Amazon forced Levi’s, Hanes to raise prices
California Attorney General Rob Bonta has released a series of unredacted court documents detailing how US e-commerce giant Amazon allegedly pressured fashion and lifestyle brands to inflate prices across the retail market. The filings, part of an ongoing antitrust lawsuit in the San Francisco Superior Court, implicate major industry names such...
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Mulberry's 'Back to Mulberry Spirit' strategy boosts global sales performance
British lifestyle brand Mulberry has delivered a strong sales performance for the second half of the 2026 financial year, supported by a turnaround strategy focused on brand reignition and full price discipline. The group reported constant currency sales growth of 13.6 percent during the second half (H2) of the 52 weeks ended March 28, 2026....
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