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Financial performance of Chinese apparel companies reveal slow re…

Financial performance of Chinese apparel companies reveal slow recovery

  This report analyzes the financial performance of 12 listed Chinese apparel companies in 2023 and the first quarter of 2024. Some of the companies in the list are: HLA, Youngor, Semir, Meters/bonwe, Peacebird, Septwolves, Hodo, Lancy Share, Ellassay, JOEONE, Busen, and GRN. Market situation The apparel co... Read more

Burberry's bumpy road, growth despite revival efforts

Burberry's bumpy road, growth despite revival efforts

  Burberry, the iconic British luxury brand, has shown mixed signals in its recent performance. The brand reported a 10 per cent increase in full-year revenue for the fiscal year ending April 1st, 2024. This translates to £3.1 billion. Attributable profit also rose to £490 million, compared to &po... Read more

The Fast Fashion Conundrum: Profits soaring, sustainability stall…

The Fast Fashion Conundrum: Profits soaring, sustainability stalling

  The story of Shein's soaring profits in 2023 presents a fascinating paradox. While a growing number of consumers, particularly millennials and Gen Z, express a desire for sustainable clothing, fast fashion giants like Shein are experiencing tremendous financial success. This raises several key questions. E... Read more

Textile, Apparel SMEs: A critical look at the CRISIL’s rebound re…

Textile, Apparel SMEs: A critical look at the CRISIL’s rebound report

  The Indian textile and apparel industry, especially for SMEs, is poised for a potential rebound, as indicated by the recent CRISIL SME Tracker report. However, beyond the fluctuations in cotton prices, a multitude of challenges confront these enterprises. This comprehensive analysis aims to dissect the intr... Read more

India’s textile industry navigates headwinds with slow exports an…

India’s textile industry navigates headwinds with slow exports and stable domestic demand

   The textile industry, a key pillar of the Indian economy, witnessed a mixed bag of results in Q3 of the 2023-24 financial year. While some companies like Arvind saw profits grow, others like Century Textiles struggled with revenue dips. This indicates differing responses to market pressures within t... Read more

After prolonged flat lining, India’s textile stocks fly high

After prolonged flat lining, India’s textile stocks fly high

  The last few years, abetted by the pandemic-led lockdown and the worldwide economic downturn that followed, India’s textile sector faced sluggish growth. However, things have turned around as the stock markets indicate and investors, impressed with figures posted by sector’s big players, are rus... Read more

H&M’s posts good revenue growth in first nine months, Western…

H&M’s posts good revenue growth in first nine months, Western Europe remains largest market

  Hennes & Mauritz’s (H&M) latest nine-month performance report card spanning December 1, 2022 to August 31, 2023 shows the group’s net sales in Swedish Krona increased by 8 per cent to SEK 1,73,385 million. In local currencies, net sales were flat compared to previous year. Gross profit i... Read more

GAP’s second quarter fiscals shows the downslide continues

GAP’s second quarter fiscals shows the downslide continues

  Last week, The Gap Inc. released its fiscal results for Q2 2023 ending in June. The lifestyle conglomerate ended the quarter with cash and cash equivalents of $1.4 billion, an increase of 91 per cent over previous year. A dive into details of fiscal performance shows in most segments, decrease is the common... Read more

India: Government formulating new textile policy

India: Government formulating new textile policy

Since the last few years, the Indian textile industry has been facing problems like technological obsolesce, high input cost (power & capital), poor access to credit, fragmented units, absence of fiber neutrality etc. To address these issues, the government has been implementing various schemes over the years. It ... Read more

China’s textile industry in doldrums as demand products decline

China’s textile industry in doldrums as demand products decline

"The Sino-US trade war has dealt a heavy blow to the Chinese economy which is on a continuous decline. The textile and garment industry is also facing rough weathers due to the closure of several production units across the country. As official statistics by China Customs reveal, China’s total import and export v... Read more

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Nike to record slowest revenue growth in two years during Q4, FY24

  Nike is expected to report its slowest revenue growth in two years in its soon-to-be ... Read more

American Eagle Outfitters grapples with subdued demand as living expenses r…

  With shoppers adjusting their spending to manage higher living costs, American Eagle ... Read more

Mafatlal Industries Q4FY24 revenues rise by 81%

  Showcasing a remarkable performance, Mafatlal Industries registered 81 per cent quart... Read more

Globe Textiles India reports robust performance in Q4 and FY24

  Renowned exporter of fabrics and garments catering to both global and domestic market... Read more

Grasim Industries registers 15.54% rise in net profit during Q4, FY24

  The flagship holding firm of the Aditya Birla Group, Grasim Industries registered a 1... Read more

Positive results from cost cutting measures lead to a rise in Macy’s annual…

  Bloomingdale’s owner, Macy's has raised its annual profit forecast, indicating ... Read more

Inditex experiences slowest India sales growth for FY24

  Zara-owner Inditex experienced its slowest sales growth in India for FY24, excluding ... Read more

Under Armor approves $70 million restructuring plan to boost operational ef…

  In response to the brand’s Q4 FY24 financial results, US-based sportswear brand... Read more

Espirit Holdings files for insolvency under self-administration

  As a part of its efforts of efforts to restructure the company’s European opera... Read more

United Arrows’ operating profit climbs 5.9% to ¥6.74 billion in FY23

  Underscoring the company’s continued recovery and solid retail performance, the... Read more

Burberry to record sales decline in Q4, FY24

  Struggling with weak demand from Chinese and US consumers, Burberry Plc is projected ... Read more

Sales of Korea’s luxury fashion houses decline in 2023

  Following a period of robust growth during the height of the COVID-19 pandemic, sales... Read more

Brunello Cucinelli projects 10% rise in revenues during FY’24

  Known for its cashmere products, high-end Italian clothing brand, Brunello Cucinelli ... Read more

Superdry proposes rescue package to avoid bankruptcy

  Led by Julian Dunkerton, CEO, Superdry, a prominent British fashion chain, has propos... Read more

Adidas surprises with strong Q1, raises full-year outlook

  Adidas defied expectations with a robust first quarter in 2024, boasting an 8 per cen... Read more

GTIL to expand garment processing capacity to 6 lakh units per month

  Renowned exporter of fabrics and garments to both global and domestic markets for the... Read more

Backed by Uniqlo, Fast Retailing reports exceptional half-year results

  Propelled by the performance of its flagship brand Uniqlo in North America, Europe an... Read more

Backed by Uniqlo, Fast Retailing reports exceptional half-year results

  Propelled by the performance of its flagship brand Uniqlo in North America, Europe an... Read more

Espirit Holdings files for insolvency of Belgium subsidiary

  As a part of its ongoing comprehensive reogranisation of the company’s operatio... Read more

Inditex revamps Zara Woman leadership with Lorena Rodriguez as new Director

  Inditex has made changes in the leadership of Zara Woman, with Lorena Rodrígue... Read more

Levi Straus revises annual profit forecasts upwards

  Denim maker Levi Strauss has revised its yearly profit forecasts upwards attributing ... Read more

Shein registers $2 billion profit in 2023

  Chinese-founded e-commerce giant, Shein recorded $2 billion profits in 2023. The e-ta... Read more

H&M exceeds first-quarter operating profit forecasts

  Smaller- than-anticipated decline in sales has helped the world’s second larges... Read more

Nike appoints Tim Hamilton new Vice President-Men’s Apparel Design

  Nike hs appointed Tim Hamilton as the new Vice President - Men's Apparel Design. Hami... Read more

Ted Baker seeks new owner as UK business enters administration

  Iconic British fashion brand Ted Baker is undergoing a restructuring as its UK arm en... Read more

H&M’s new CEO under pressure to revive growth

  H&M's new CEO, Daniel Erver, is under scrutiny as the company reports its first q... Read more

D’décor to elevate daily fabric output to 200,000 m in next 4 years: Sanjay…

  India's leading manufacturer of curtains and upholstery, D’décor is on a... Read more

Lululemon Athletica anticipates decline in revenue and profit in fiscal 202…

  Lululemon Athletica anticipates annual revenue and profit to remain below expectation... Read more

Next maintains sales and profit outlook for 2024-25

  British clothing retailer Next has maintained its sales and profit outlook in the ong... Read more

Nike releases Q3 2024 financial results

  Nike, Inc.unveiled its fiscal 2024 third-quarter financial results today, showcasing ... Read more

Guess registers 9% increase in revenues during Q4

  During its fourth quarter, Guess Inc registered a 9 per cent increase in revenues to ... Read more

Spinnova expects revenues to decline in 2024

  Textile company Spinnova anticipates a downturn in revenues for the year 2024, with o... Read more

Kering forecasts 20% drop in Gucci’s sales during Q1FY’24

  Gucci-owner Kering has forecasted a significant drop of approximately 20 per cent in ... Read more

Puma targets €620 million revenues in 2024

  Expecting mid-single-digit currency-adjusted sales growth, Puma targets revenues rang... Read more

Inditex reports highest ever profit of €5.4 billion in 2024

  World's largest fashion retailer and owner of brands like Zara, Pull&Bear, and Ma... Read more

Adidas registers first yearly loss in 3 decades

  Renowned German sportswear giant, Adidas encountered a significant setback as it post... Read more

Shein to face stricter regulations for online content in the EU

  Fast-fashion company founded in China, Shein, is poised to confront stricter regulati... Read more

UK-based cosmetics company The Body Shop declares bankruptcy

  A renowned UK-based cosmetics company founded in 1976 by human rights activist and en... Read more

Hugo launches new denim collection for Gen Z and younger consumers

  The youthful brand under the Hugo Boss umbrella, Hugo unveiled Hugo Blue, its latest ... Read more

Gap’s anticipates net sales in fiscal 2024 to remain flat

  Despite the positive momentum, Gap anticipates that fiscal 2024 net sales will remain... Read more

Turkish textile industry shows signs of improvement

  Omer Bolat, Minister of Commerce, Turkey, says, textile and raw materials exports fro... Read more

Prada reports 44% surge in net profit in 2023

  In 2023, the net profit of luxury Italian conglomerate Prada surged by 44 per cent to... Read more

Despite challenges, Salvatore Ferragamo’s performance improves in 2023: Mar…

  Reflecting on a challenging yet productive year for the company, Marco Gobbetti, CEO,... Read more

American Eagle Outfitters eyes $6 billion revenues by fiscal 2026-end

  Building upon its robust fourth-quarter results, American Eagle Outfitters Inc aims t... Read more

Abercrombie & Fitch projects full-year revenue growth to surpass estima…

  Abercrombie & Fitch Co projects, the company’s full-year revenue growth wil... Read more

Apparel companies minimise discounts to safeguard profits

  In the midst of a retail landscape characterised by dwindling consumer foot traffic a... Read more

Alif Industries to acquire two private sector businesses

  Alif Industries, a composite textile company specialising in 100 per cent export-orie... Read more

Birkenstock sales surge by 22% in Q3, FY23

  Birkenstock Holding Plc’s latest earnings report showcased a resilient business... Read more