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.
Leadership change at Poshmark: Namsun Kim succeeds Chandra as CEO
Manish Chandra, co-founder of Poshmark, a fashion resale marketplace, is stepping down from his role as chief executive officer after 15 years. He will transition to a strategic position on the company's board of directors. Effective October 1, 2025, Namsun Kim, Poshmark's current executive chairman, will take over as CEO. Chandra co-founded...
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Hiren Gor to lead Levi Strauss' expansion in South Asia, Middle East, and Africa
In a strategic move to boost growth in emerging markets, Levi Strauss & Co. has named Hiren Gor as its new managing director for the South Asia, Middle East, and Africa (SAMEA) region, according to Storyboard 18. Gor, who has been with the company for 16 years, is credited with transforming the South Asia business into a high-growth area. In his...
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Allbirds Q2 net revenue down 23.1 percent, manages to reduce net loss
Allbirds, Inc. has reported its financial results for the second quarter of 2025, with CEO Joe Vernachio stating that the company is on a path to "reigniting the Allbirds brand." The company's net revenue for the quarter was 39.7 million dollars, a 23.1 percent decrease year-over-year, which was at the high end of its guidance range. This...
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The RealReal posts improved sales and profitability and raises outlook
The RealReal, Inc., online marketplace for authenticated resale luxury goods, has reported a "breakout performance" in its second quarter, with both gross merchandise value (GMV) and total revenue increasing by 14 percent year-over-year. The company's GMV reached 504 million dollars and total revenue hit 165 million dollars for the quarter ended...
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Alpargatas Q2 2025: Havaianas revenue up 8 percent despite volume decrease
Alpargatas, the parent company of the Havaianas brand, has announced its second-quarter 2025 financial results, highlighting a period of strategic transition and profitability growth. The company reported that total volume sold reached 49 million pairs, a 6 percent decrease year-over-year, which was a planned result of a sell-in pull-forward...
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Nike Canada completes '25 and 25' store expansion project
Nike Canada has successfully completed its "25 and 25" project, an initiative to open 25 new partner stores across the country during its fiscal year 2025. Nathan Balmes, visual merchandising lead for Nike Store Partners Canada announced through the Nike's official LinkedIn page that the project was managed by a "small but mighty team"...
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US Senator Warren warns Foot Locker-Dick's merger could raise prices, hurt small businesses
U.S. Senator Elizabeth Warren (D-Mass.) has sent a letter to the Federal Trade Commission (FTC) and the Department of Justice’s Antitrust Division, urging them to carefully scrutinise and potentially block the proposed acquisition of Foot Locker by Dick’s Sporting Goods. The Senator expressed concern that the merger of two of the largest...
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Vince to remain listed on NYSE after compliance plan approval
Vince Holding Corp. has announced that the New York Stock Exchange (NYSE) has accepted its plan to remain listed on the stock exchange. The company, which had been notified on May 6, 2025, that it was not in compliance with listing standards, can now continue its listing. The non-compliance was due to its average market capitalisation and...
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Revolve Group reports strong Q2 performance with 9 percent sales growth
Revolve Group, Inc. announced strong financial results for its second quarter ended June 30, 2025. After the quarter's end, the company's net sales in July 2025 increased by approximately 7 percent year-over-year. The company's co-founder and co-CEO, Mike Karanikolas, highlighted a 9 percent year-over-year increase in net sales and a 10 percent...
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Vallon appoints Benjamin Peters as VP of sales for North America
Vallon, the performance eyewear company, has announced the appointment of Benjamin Peters as its new vice president of sales and development for North America. This hire, effective August 5, 2025, underscores Vallon's commitment to accelerating its growth in the North American market, particularly through expanding partnerships with specialty...
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