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
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
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
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
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
"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
"FY 2019 has been a mixed year for Indian textile companies. For smaller companies like Morarjee Textiles, Bombay Rayon Fashions, Mafatlal and JCT, it was a challenging year as their quarterly earnings slipped below given estimates. However, for bigger companies like Arvind Mills, Raymond, Vardhman Textiles and Grasim ... Read more
"Over 150 consumer-oriented public and private companies will make presentations before investors, analysts, traders and executives in Orlando, Fla at the 21st annual ICR Conference. However, before these presentations, companies including Urban Outfitters, American Eagle Outfitters, Lululemon Athletica, and Abercrombi... Read more
"In its ‘Global Fashion Index,’ McKinsey ranked the top fashion companies across the world by economic profit during the first nine months of 2018. According to the report, the global fashion market is dominated by 20 companies which account for 97 per cent of global economic profit in the retail sector. Th... Read more
"Following a strong industry retail report of growth of 6.6 per cent and 6.4 per cent in June and July versus the previous year, and stellar results posted other leading like Urban Outfitters, much was expected from the company Gap Inc. However, the performance of the brand Gap left much to be desired. Gap Inc’s ... Read more
World's largest fashion retailer and owner of brands like Zara, Pull&Bear, and Ma... Read more
Renowned German sportswear giant, Adidas encountered a significant setback as it post... Read more
Fast-fashion company founded in China, Shein, is poised to confront stricter regulati... Read more
A renowned UK-based cosmetics company founded in 1976 by human rights activist and en... Read more
The youthful brand under the Hugo Boss umbrella, Hugo unveiled Hugo Blue, its latest ... Read more
Despite the positive momentum, Gap anticipates that fiscal 2024 net sales will remain... Read more
Omer Bolat, Minister of Commerce, Turkey, says, textile and raw materials exports fro... Read more
In 2023, the net profit of luxury Italian conglomerate Prada surged by 44 per cent to... Read more
Reflecting on a challenging yet productive year for the company, Marco Gobbetti, CEO,... Read more
Building upon its robust fourth-quarter results, American Eagle Outfitters Inc aims t... Read more
Abercrombie & Fitch Co projects, the company’s full-year revenue growth wil... Read more
In the midst of a retail landscape characterised by dwindling consumer foot traffic a... Read more
Alif Industries, a composite textile company specialising in 100 per cent export-orie... Read more
Birkenstock Holding Plc’s latest earnings report showcased a resilient business... Read more
Urban Outfitters Inc achieved remarkable financial milestones for the fiscal year end... Read more
Disclosing its UK operations’ financials, renowned Spanish fashion retailer, Ma... Read more
Disclosing its UK operations’ financials, renowned Spanish fashion retailer, Ma... Read more
German sportswear brand Puma anticipates a challenging first half of the year amidst ... Read more
Following unsuccessful attempts to secure additional funds amidst sluggish sales over... Read more
Pakistan’s leading textile exporter Interloop recorded a 115 per cent rise in p... Read more
Sutlej Textile & Industries suffered a significant financial blow in the third fi... Read more
While broader economic indicators in China paint a cautious picture, the luxury goods... Read more
Despite a surge in consumer demand for home linen products during the festive season,... Read more
Consolidating its position as a market leader, French luxury powerhouse Hermes capped... Read more
Defying economic jitters, Ralph Lauren exceeded the revenue expectations by Wall Stre... Read more
Owner of popular brands like Vans and The North Face, VF Corp is facing headwinds fro... Read more
Technical textiles leader Garware Technical Fibres reported a 25 per cent increase in... Read more
Columbia Sportswear’s net sales are expected to decrease by 4 to 2 per cent, ra... Read more
Adidas has released its preliminary results for 2023, showcasing a resilient performa... Read more
Despite the overall positive performance, turnover of the Textiles business of Centur... Read more
US footwear giant Skechers kicked off 2024 with record-breaking sales of $8 billion i... Read more
British luxury fashion house Burberry expects operating profit for FY24 upto March to... Read more
British luxury fashion house, the Burberry Group aims to achieve its target of £... Read more
Italian eyewear maker Safilo has renewed its licensing deal with German fashion house... Read more
Fast Retailing Co’s strong overseas sales helped the company increase its first... Read more
Footwear brand Nike’s revenues surged by 1 per cent Y-o-Y to $13.4 billion in Q... Read more
Giordano’s positive performance in Greater China is likely to boost the apparel... Read more
In 2023, Levi's, despite facing a slight reduction in its full-year revenue forecast ... Read more
Stella McCartney’s revenues surged by 23 per cent to over £40 million in ... Read more
Data from Italy’s fashion sector body, Confindustria Moda shows, turnover of It... Read more
British sportswear and apparel retailer, Frasers has expanded its luxury portfolio wi... Read more
After earning revenues worth €2.688 billion in 2022, Spanish fast fashion brand ... Read more
With an unusually warm weather hitting sales of its autumn/winter collection, and con... Read more
Net sales of the H&M Group in the fourth quarter spanning September 01, 2023-Nove... Read more
PVH Corp, the owner of renowned brands Tommy Hilfiger and Calvin Klein, has revised i... Read more
Concerns regarding holiday-quarter sales from major retailers have overshadowed the p... Read more
In the third quarter of fiscal year 2024, the revenues of US-based fashion brand Gues... Read more
Gap Inc. showcased its ability to navigate a challenging retail landscape in its Q3 2... Read more