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.
Daniel Heaf succeeds Gina Boswell as Bath & Body Works CEO
Bath & Body Works has appointed Daniel Heaf as its new chief executive officer. Heaf's background includes senior leadership roles at Nike and Burberry, where he drove significant growth and innovation. Previous CEO Gina Boswell has stepped down from her role and as a member of the Bath & Body Works board, effective immediately. “Through a...
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MySize enters circular fashion market with Percentil acquisition
MySize, AI-driven sizing solutions and omnichannel e-commerce platform, has announced the acquisition of key assets of Percentil, a marketplace for second-hand fashion, with operations across Spain, France, Germany, and Italy for 679,000 dollars. This strategic move marks MySize's entry into the circular fashion and re-commerce sectors, aligning...
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Mothercare sales decline amid Middle East challenges, ends Boots distribution deal
Mothercare plc has issued a pre-close trading update for the 52-week period ending March 29, 2025 reporting unaudited retail sales of 231 million pound, an 18 percent decline from the previous year, primarily due to ongoing challenges in Middle Eastern markets. Adjusted EBITDA is expected to be approximately 3.5 million pounds, aligning with...
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The RealReal reports GMV, revenue growth and profitability surge
The RealReal, online marketplace for resale luxury goods, reported a 9 percent increase in gross merchandise value (GMV), reaching 490 million dollars, and an 11 percent rise in total revenue, totalling 160 million dollars. The company achieved a net income of 62 million dollars, or 39 percent of total revenue, a turnaround from a net loss of 31...
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Merrell and Saucony Drive Wolverine Worldwide's Q1 performance
Wolverine Worldwide reported positive financial results for the first quarter of 2025, showcasing a turnaround driven by strong performance from its Merrell and Saucony brands. The company achieved a 4.4 percent year-over-year increase in total revenue, reaching 412.3 million dollars, with ongoing business revenue up 5.5 percent to 412.3 million...
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Crocs Q1 revenues remain flat, withdraws full-year outlook
Crocs, Inc. has announced its first-quarter 2025 financial results, surpassing expectations despite a challenging global environment. However, due to the unpredictable nature of the current global trade environment and consumer uncertainty, Crocs has decided to withdraw its full-year 2025 guidance. The company reported consolidated revenues of...
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Vince Q4 net sales increase 6.2 percent, wholesale drives growth
American luxury apparel and accessories retailer Vince Holding reported improved profitability and gross margin in its fourth quarter and fiscal year ended February 1, 2025, despite continued softness in its direct-to-consumer (DTC) segment. In the fourth quarter, the company posted net sales of 80 million dollars, marking a 6.2 percent increase...
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Steve Madden withdraws full-year guidance amid economic uncertainty and tariffs
Apparel and footwear retailer Steve Madden reported its financial results for the first quarter ended March 31, 2025, showing modest revenue growth but a decline in net income as macroeconomic uncertainty and new tariffs weigh on the business outlook. The company reported revenue of 553.5 million dollars, a slight increase from the same period...
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Nike restructures leadership team following Heidi O'Neill's retirement
Nike has announced reorganisation of its senior leadership team, aiming to accelerate its "Win Now" strategy and position the company for sustained growth. The restructuring includes the promotion of key executives and the retirement of longtime leader, Heidi O’Neill, president of consumer, product, and brand. She has announced her retirement...
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Skechers to be acquired by 3G Capital in 9.4 billion dollars deal
In a significant development in the footwear industry, Skechers U.S.A., Inc. has announced its agreement to be acquired by global investment firm 3G Capital for approximately 9.4 billion dollars. The transaction, unanimously approved by Skechers' board of directors, will transition the company from a public to a privately held entity. Commenting...
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