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.
Digital Brands Group initiates review of strategic alternatives to explore potential sale or merger
US apparel conglomerate Digital Brands Group, Inc. (DBG) has announced that it has formally initiated a review of strategic alternatives to explore options to maximize shareholder value. The Austin, Texas-based business operates a portfolio of lifestyle and luxury apparel labels, including Stateside, Sundry, Bailey 44, DSTLD, and AVO Studio. As...
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Next raises full year profit outlook following strong second quarter sales
UK clothing retailer Next plc (Next) has upgraded its full year pre-tax profit guidance after second quarter full price sales outperformed internal forecasts. Full price sales for the 13 weeks to August 1, 2026 rose 9.2 percent compared to the same period in the prior year, exceeding the company’s expectation of 4 percent. The Leicester-based...
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Delta Galil's Q2 growth driven by sales increase and tariff refund
Israeli apparel manufacturer Delta Galil Industries, Ltd. (Delta Galil) has reported financial results for its second quarter ended June 30, 2026. Sales for the Caesarea-based business increased 9 percent to a second-quarter record of 511.60 million dollars, compared to 470.10 million dollars in the prior-year period. On a constant-currency...
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Fred Perry profit before tax up 5 percent despite revenue contraction
UK apparel brand Fred Perry Limited (Fred Perry) has published its annual financial results for the year ended December 31, 2025. The London-based company reported a 5 percent increase in profit before tax to 18 million pounds (24.17 million dollars), compared to 17.15 million pounds in 2024. Total turnover decreased by 1.61 percent to 141.27...
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New Look appoints Lynda Petherick as chief executive officer
UK fashion retailer New Look has announced the appointment of Lynda Petherick as chief executive officer. Petherick will succeed Helen Connolly, who will remain with the company until September 21, 2026, to support a executive transition. "New Look is in a stronger position than it has been for many years," said Mike Coupe, chairman of New Look,...
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Amazon Q2 net sales jump 20 percent as cloud and retail surge
US e-commerce and technology conglomerate Amazon.com, Inc. (Amazon) announced its financial results for the second quarter ended June 30, 2026. Net sales for the Seattle-based group increased 20 percent to 200.60 billion dollars, compared with 167.70 billion dollars in the second quarter of 2025. Foreign exchange rates provided a favorable...
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Columbia Sportswear reports second quarter net sales growth supported by tariff refunds
US outdoor apparel and footwear manufacturer Columbia Sportswear Company (Columbia Sportswear) announced its financial results for the second quarter ended June 30, 2026. Net sales for the Portland, Oregon-based group increased 2 percent to 614.4 million dollars compared to 605.2 million dollars in the prior-year period. On a constant-currency...
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Crocs brand surpasses one billion dollars in quarterly revenue
US footwear company Crocs, Inc. (Crocs) reported its financial results for the second quarter ended June 30, 2026. Consolidated revenues rose 2.6 percent, or 2 percent on a constant currency basis, reaching 1.18 billion dollars. The growth was led by the flagship Crocs brand, which surpassed one billion dollars in quarterly revenue for the first...
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Former Pandora CEO Alexander Lacik appointed to Burberry board
UK luxury house Burberry Group plc (Burberry) has appointed Alexander Lacik to its board of directors as an independent non-executive director. The executive will also serve as a member of the nomination committee, with the appointment taking effect on September 1, 2026. Lacik brings over 30 years of international commercial experience across...
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HanesBrands acquisition drives Gildan's revenue surge
Canadian apparel manufacturer Gildan Activewear Inc. (Gildan) announced its financial results for the second quarter ended June 28, 2026. The Montreal-based business recorded net sales from continuing operations of 1.58 billion dollars, representing a 72.3 percent increase compared to 918.50 million dollars in the prior-year period. The top-line...
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