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.
Myntra expands M-Now rapid delivery service to Hyderabad
Following the successful launches in Bengaluru, Mumbai, and Delhi NCR, Myntra has now expanded its rapid delivery service, M-Now, to Hyderabad. This expansion is supported by Myntra's extensive network of over 60 dark stores throughout the country. Now, shoppers in Hyderabad can get around 8,000 trend-focused styles from more than 500 brands in...
Retailloading...
E-commerce surge lifts Walmart's Q2, outlook raised
Walmart Inc. announced its second-quarter fiscal year 2026 results, highlighting revenue growth across all business segments. The company reported total revenue of 177.4 billion dollars, a 4.8 percent increase, or 5.6 percent on a constant currency basis, compared to the same period last year. The company has raised its full-year earnings and...
BusinessFeaturedMemberloading...
Delta Galil lowers full-year financial guidance amid tariff concerns
Delta Galil Industries, a global designer and manufacturer of branded and private-label apparel, has reported its financial results for the second quarter ended June 30, 2025. The company's sales for the quarter remained stable at 470.1 million dollars, consistent with the previous year's quarter. For the first half of 2025, sales increased by 5...
BusinessMemberloading...
Rent the Runway announces debt restructuring and new investment
Rent the Runway, a fashion rental company, has announced a "growth recapitalization" transaction that is expected to significantly strengthen its financial position. The deal involves a substantial reduction in the company's debt, a decrease in interest expenses, and a favourable maturity extension on its remaining debt. As part of the...
BusinessMemberloading...
Debenhams secures 175 million pounds funding facility
The Debenhams Group has successfully completed a new three-year facility that provides access to funding of up to 175 million pounds. This new facility, which extends the maturity to August 2028, replaces the Group's previous 125 million pounds revolving credit facility that was set to mature in October 2026. The new funding was secured more...
BusinessMemberloading...
Saikot Das joins Arvind Fashions as chief brand and strategy officer
Arvind Fashions Limited (AFL) has appointed Saikot Das as its new chief brand & strategy officer, effective August 19, 2025. In this role, Das will be responsible for leading the company's brand strategy, enhancing consumer experiences, and driving growth across its portfolio of fashion and lifestyle brands as it enters its "next phase of...
Peopleloading...
Claire's to sell North American operations amid bankruptcy proceedings
Claire's Holdings LLC, the operator of Claire's and ICING stores in the U.S. and Gibraltar, has entered into an agreement with an affiliate of Ames Watson, a private holding company, for the acquisition of its North American business operations. This move follows the company's decision to begin Chapter 11 bankruptcy proceedings in the U.S., as...
Businessloading...
India suspends raw cotton import duties until September 2025
The Indian government has temporarily exempted all customs duties on raw cotton imports, effective from August 19 to September 30, 2025. The exemption removes an 11 percent import duty, which included a 5 percent basic customs duty, a 5 percent agriculture infrastructure and development cess, and a 10 percent social welfare surcharge. This...
BusinessMemberloading...
India suspends raw cotton import duties until September 2025
The Indian government has temporarily exempted all customs duties on raw cotton imports, effective from August 19 to September 30, 2025. The exemption removes an 11 percent import duty, which included a 5 percent basic customs duty, a 5 percent agriculture infrastructure and development cess, and a 10 percent social welfare surcharge. This...
BusinessFeaturedMemberloading...
Next opens first India store in Pune, with Myntra partnership
The British fashion and lifestyle retailer Next has opened its first store in India at The Pavilion Mall in Pune. This launch marks the beginning of its partnership with the e-commerce company Myntra. The strategy involves opening flagship stores while simultaneously strengthening Next's presence on Myntra's digital platform. In a statement...
Retailloading...