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.
Shoe Zone expects adjusted loss under one million pounds following positive July trading
UK footwear retailer Shoe Zone has reported positive trading throughout July 2026, leading to a stronger cash position than originally budgeted. As of July 25, 2026, cash and equivalents stood at approximately 7 million pounds (9.45 million dollars) ahead of original projections. Consequently, the company maintains its expectation of an adjusted...
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John Lewis appoints Will Kernan as managing director
UK retail group the John Lewis Partnership (JLP) has announced that Peter Ruis has decided to step down from his role as managing director of department store chain John Lewis to pursue new opportunities. Ruis will be succeeded by Will Kernan, currently a non-executive board member of JLP, as part of a succession plan. Ruis will remain with the...
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Luxury retailer Harvey Nichols faces potential administration
Loss making UK luxury department store operator Harvey Nichols has been put up for sale by its majority owner, Hong Kong-based businessman Sir Dickson Poon, according to regulatory filings and market reports. Auditors KPMG noted that a potential transaction could require the retail group to enter formal administration prior to a final sale if...
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Under Armour navigates challenging consumer environment in Q1 2027
US sportswear brand Under Armour, Inc. (Under Armour) recorded net sales decrease of 3 percent to 1.10 billion dollars, or 4 percent on a constant currency basis for the first quarter of fiscal 2027 ended June 30, 2026. The group recorded net income of one million dollars, down from the prior-year period. On an adjusted basis, net income reached...
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Moss revenue up 9.5 percent following retail rebrand
UK formalwear retailer Moss Bros Group Limited (Moss) announced its annual financial results for the 53-week period ended January 31, 2026. The London-based company generated total sales of 159.78 million pounds (214.8 million dollars), representing a 9.5 percent increase compared to 145.86 million pounds in the 52-week prior-year period ended...
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JD Sports appoints Peter Agnefjäll as board chair
UK retail group JD Sports Fashion plc (JD Sports) has announced the appointment of Peter Agnefjäll as chair of its board of directors, effective September 1, 2026. The executive appointment follows a search process led by senior independent director Kath Smith alongside the board. Agnefjäll succeeds Darren Shapland, who has served as interim...
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Havaianas parent Alpargatas posts 11.3 percent net sales growth in second quarter
Brazilian footwear manufacturer Alpargatas SA (Alpargatas), the parent company of flip-flop label Havaianas, reported its financial results for the second quarter ended June 30, 2026. Consolidated net sales reached 1.23 billion Brazilian reals (0.24 billion dollars), representing an 11.3 percent increase compared to 1.10 billion Brazilian reals...
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Digital Brands Group receives unsolicited buyout proposal
US apparel and e-commerce business Digital Brands Group, Inc. (DBG) has confirmed receipt of an unsolicited buyout proposal to acquire all outstanding shares of common stock for 77.58 dollars per share in cash. The acquisition offer was submitted by an existing shareholder with a net worth exceeding one billion dollars. The proposal represents a...
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Alia Gogi Joins Dr. Martens Board of Directors
UK footwear brand Dr. Martens plc (Dr. Martens) has announced the appointment of Alia Gogi as an independent non-executive director, effective September 1, 2026. Upon joining the board, Gogi will also become a member of the audit and risk, remuneration, and nomination committees. International retail and commercial experience Gogi brings...
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eBay reports 15 percent revenue expansion for second quarter
US e-commerce giant eBay Inc. (eBay) has reported its financial results for the second quarter ended June 30, 2026. The San Jose-based marketplace generated revenue of 3.10 billion dollars, representing a 15 percent increase on an as-reported basis and a 14 percent rise on a foreign exchange neutral basis. Gross merchandise volume (GMV), reached...
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