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.
Columbia Sportswear surpasses first quarter expectations despite tariff headwinds
The US outdoor and lifestyle group Columbia Sportswear Company has reported financial results for the first quarter ended May 1, 2026, exceeding internal guidance for both net sales and profitability. The performance was supported by early wholesale shipments for the spring/summer 2026 season and robust demand across the US and Europe. Net sales...
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Gildan reports record revenue amid HanesBrands integration
Canadian apparel manufacturer Gildan Activewear Inc. has reported record net sales for the first quarter ended March 29, 2026. The results represent the first full fiscal period following the consolidation of HanesBrands into the group’s financial statements. Net sales from continuing operations reached 1.17 billion dollars, representing a 63.8...
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Lanvin Group reports 18 percent revenue decline for full-year 2025
Chinese luxury fashion firm Lanvin Group announced its financial results for the full-year 2025 (FY2025) on April 30, 2026, reporting revenue of 240 million euros. This represents an 18% decrease compared to the previous year, a period the company described as a challenging global luxury market environment. The performance reflected...
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Crocs raises full year outlook following better than expected Q1 results
US footwear group Crocs has upwardly revised its annual financial forecast after reporting a robust start to the 2026 fiscal year. The company delivered enterprise revenue of 921 million dollars for the first quarter ending March 31, 2026, supported by strong performance in direct-to-consumer (DTC) channels across its brand portfolio. Despite a...
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Chip Wilson launches proxy contest to restore Lululemon brand focus
The founder and largest active shareholder of Canadian athletic apparel brand Lululemon, Chip Wilson, has issued an open letter to shareholders calling for a significant overhaul of the board of directors. Wilson has nominated three independent directors to be elected at the 2026 annual meeting of shareholders. The timing of this proxy contest...
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Ebay records strong Q1 following Depop acquisition agreement
US-based e-commerce platform Ebay has reported strong financial results for the first quarter ended March 31, 2026. The company saw gross merchandise volume (GMV) reach 22.20 billion dollars, representing an 18 percent increase on an as-reported basis and a 14 percent rise on a foreign exchange (FX) neutral basis. Revenue for the period climbed...
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Frasers Group acquires two major UK designer outlets
British retail powerhouse Frasers Group has announced the acquisition of two prominent retail destinations in the UK, York Designer Outlet and East Midlands Designer Outlet. The transaction, confirmed on April 29, 2026, marks a significant expansion of the group’s property portfolio as it continues to execute its long-term Elevation Strategy....
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Björn Borg achieves strongest Q1 in company history with double-digit growth in sports apparel
Swedish sports fashion brand Björn Borg has reported the strongest first quarter in the history of the company, with record levels achieved for both net sales and operating profit. The group saw continued momentum in its sports apparel category, marking 15 consecutive quarters of double-digit growth for the division. Strong financial performance...
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Former H&M executive Daniel Kulle joins Klekt board of directors
German-based marketplace Klekt has appointed Daniel Kulle as a board member to support the scaling of its international operations. Kulle, who has held several high-profile leadership positions within the global fashion sector, joins the European sneaker and streetwear platform as it seeks to capture a larger share of the global resale market....
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Lululemon appoints Esi Eggleston Bracey to board of directors
Canadian athletic apparel retailer Lululemon Athletica has announced the appointment of Esi Eggleston Bracey to its board of directors, effective April 28, 2026. Bracey joins the board as the company continues a five-year period of governance refreshment, during which it has appointed six new independent directors. Bracey most recently served as...
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