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.
Weird Fish Limited reports strong sales and profit growth in 2024
Weird Fish Limited, the casual lifestyle clothing and accessories company, has announced a period of robust financial growth for the year ended December 29, 2024. Turnover for the year improved to 42.6 million pounds and the company reported operating profit of 4.17 million pounds, profit before tax of 2.94 million pounds, while net profit rose...
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Dr. Martens appoints Carla Murphy as chief brand officer
Footwear brand Dr. Martens has announced the appointment of Carla Murphy as its new chief brand officer (CBO), effective July 1, 2025. Murphy will be based in London and will assume responsibility for leading the company’s global brand organization, driving its brand strategy, vision, and creative direction. Her extensive remit will encompass...
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Asda's George fashion brand records strong sales growth in Q1
Asda provided an update on its first-quarter trading performance, highlighting a standout performance from its George fashion brand. While overall revenue for the period ending March 31, 2025, saw a 5.9 percent year-on-year decrease to 5 billion pounds (excluding fuel), George at Asda delivered exceptionally strong results, with like-for-like...
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Movado Group navigates tough Q1 with focus on cost savings and innovation
Movado Group, Inc. financial results for the first quarter of fiscal 2026, ended April 30, 2025, revealed a slight dip in net sales amidst a challenging retail landscape. The company recorded net sales of 131.8 million dollars, a 1.9 percent versus the prior-year period. Looking forward, the company has opted not to provide a fiscal 2026 outlook...
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Gap posts strong Q1, maintains optimistic outlook despite tariff uncertainty
Apparel retailer Gap Inc., parent to Old Navy, Gap, Banana Republic, and Athleta, announced net sales of 3.5 billion dollars, a 2 percent increase for its first quarter ended May 3, 2025. Comparable sales also rose by 2 percent year-over-year. Online sales increased 6 percent and represented 39 percent of total net sales, while store sales...
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Challenging year hits Monsoon and Accessorize with sales drop and losses
Adena Brands Limited, the parent company of Monsoon and Accessorize, has released its financial statements for the 53-week period ended August 31, 2024, revealing a challenging year marked by an 11 percent drop in group sales to 204.6 million pounds and a pre-exceptional EBITDA loss of 2.4 million pounds. The company attributes these...
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Europa Eyewear appoints Megan Molony as CEO
Eyewear retailer Europa has announced the appointment of Megan Molony as its new chief executive officer, effective June 16, 2025. Molony will assume responsibility for the entire Europa platform, encompassing Europa Eyewear and Eyebobs, as well as future acquisitions, while collaborating closely with the board of directors to define and...
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Ryan Heuser named CEO of Pura Vida
Costa Rica-founded Pura Vida, a brand known for its handcrafted jewelry, has announced the appointment of Ryan Heuser as its new chief executive officer. In this key leadership position, Heuser will spearhead efforts to drive profitable growth across all of Pura Vida's sales channels. Brenna Fleener, VP of marketing & ecommerce, expressed...
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Deckers Brands records strong fiscal year growth driven by Hoka and UGG
Global footwear and apparel retailer Deckers Brands recorded revenue growth driven by its key brands, Hoka and UGG. Net sales for the fiscal year surged by 16.3 percent to 4.986 billion dollars, with constant currency net sales increasing by 16.5 percent. Deckers also announced the appointment of Cynthia (Cindy) L. Davis as the new chair of the...
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Ashwin Prasad appointed Tesco UK CEO as Matthew Barnes departs
Tesco today revealed a series of changes to its executive team, signalling a strategic shift as the company aims to build on its current market success. Matthew Barnes, the current UK CEO, has decided to step down from his role to pursue other opportunities, with his departure effective from June 30, 2025. Taking over the helm of Tesco UK will...
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