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Macro slowdown forces investors to focus on company strategies

Macro slowdown forces investors to focus on company strategies

"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

Kering, Adidas rank high in McKinsey’s latest Global Fashion Inde…

Kering, Adidas rank high in McKinsey’s latest Global Fashion Index

"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

Gap Inc faces challenging times ahead

Gap Inc faces challenging times ahead

"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

Facing financial pressures, is Alok Industries on the verge of cl…

Facing financial pressures, is Alok Industries on the verge of closure?

"Alok Industries, one of the most formidable players in Indian textile space, has been reeling under financial pressure and may soon be declared bankrupt if the dues aren’t paid. The current 270-day deadline for resolution set under the insolvency code is already over and the company management is trying to get s... Read more

India’s denim segment to witness slowdown in FY18: Ind-Ra study

India’s denim segment to witness slowdown in FY18: Ind-Ra study

"India’s denim segment, with close to 10 per cent market share of the textile industry, is expected to witness deterioration in credit profile in the absence of improvements in realisations in FY18, says a recent report, ‘Stable Input Prices, Fiscal Incentives to Support Textile and Cotton in FY18’, b... Read more

Gap Inc registers satisfactory Q4 performance

Gap Inc registers satisfactory Q4 performance

"Gap Inc’s fourth quarter profits increased 3 per cent to $220 million, or 55 cents a share, and sales rose 1 per cent to $4.43 billion. Its fourth quarter same-store sales were up 2 per cent, compared with a decline of 7 per cent in the same period last year, and same-store sales for the year fell 2 per cent, co... Read more

Aditya Birla Group planning another round of rejig

Aditya Birla Group planning another round of rejig

"The $41-billion Aditya Birla Group is planning another round of corporate reorganisation to unlock value and beef up the balance sheet, after consolidating its garments business into a single entity last year according to market sources, media reports suggest."   The $41-billion Aditya Birla Gro... Read more

China’s dyestuff companies less prosperous than printing and dyei…

China’s dyestuff companies less prosperous than printing and dyeing

"China came out with the 2016 Q1 report of listed printing and dyeing companies recently. The weighted average operating revenue of five representative listed companies reached 362 million Yuan, up 14.89 per cent year on year and net profits scored at 21 million Yuan, up 4.76 per cent year on year. For 6 representative... Read more

Clothing brands relocating to Russia to take advantage of weak ru…

Clothing brands relocating to Russia to take advantage of weak ruble

"With the start of the economic crisis, many Russian retailers have started moving their production from Asian countries to Russia. With the Russian ruble still weak against major currencies, low costs are tempting some of the world’s leading clothes retailers to consider relocating their production facilities to Russi... Read more

CMAI Q2 Apparel Index clocks 6. 68 points growth, Giant Brands st…

CMAI Q2 Apparel Index clocks 6. 68 points growth, Giant Brands stay ahead

CMAI’s Apparel Index for July to September period once again confirms the industry has maintained its growth tempo with overall index value at 6.68 points. Giant and Large brands have continued their growth story much like the previous quarters and stayed ahead of the curve. They have done better with h... Read more

 
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HOW TEXTILE RECYCLING WORKS

Finland-based Infinited Fiber makes fiber from textile waste

Infinited Fiber, based in Finland, has produced a strong, sustainable fiber from textile waste.... Read more

H&M to expand retail operations

Fast Fashion giant H&M plans to expand operations by adding 175 new stores to its network i... Read more

Levi Strauss’s revenue growth in double-digits in 2019

Driven mostly by soaring sales of products other than men's bottoms, Levi Strauss register... Read more

PVH Corp’s full year revenue up eight per cent

PVH Corp’s fourth quarter revenue fell one per cent. Tommy Hilfiger’s revenue went ... Read more

Madewell’s Q4 sales up 22 per cent

The American denim brand popular with millennial shoppers Madewell recorded 22 per cent rise in... Read more

Guess Q4 revenue up five per cent

For the fourth quarter Guess’ revenue increased 5.7 per cent. For the full year, revenue ... Read more

Net sales of G-III Apparel to reach $3.28 million

Net sales of New York-based G-III Apparel Group increased 10 per cent to $3.08 billion over the... Read more

Next group annual sales up two per cent

Next total group sales are up 2.5 per cent. Finance sales rose 12.1 per cent. Group pre-tax pro... Read more

Asos Q2 sales up 13 per cent

For the second quarter Asos sales were up 13 per cent. Retail sales in the US rose four per cen... Read more

Prada’s annual revenue increase for the first time in four years

Annual revenues for Italian luxury group Prada increased for the first time in four years, alth... Read more

Zara revenue up three per cent

In 2018, Zara increased its revenue by three per cent. Online sales, which already account for ... Read more

Picanol’s revenues fell three per cent in 2018

Picanol revenues fell three per cent compared to the previous year. Gross profit percentage dec... Read more

Inditex yearly profits up two per cent

Inditex has had a two per cent rise in full-year profit. Inditex, the owner of Zara, is the wor... Read more

Adidas sales up five per cent

Adidas fourth-quarter sales rose by a currency-adjusted five per cent. Adidas saw strong growth... Read more

SRF revenue up 41 per cent

SRF’s total revenue increased by 41 per cent in the first nine months of the current fina... Read more

UK February retail sales fall

Uncertainty around the UK’s imminent exit from the European Union has hit consumer spendi... Read more

Bangladesh to grow at seven per cent

Bangladesh is likely to grow at a rate of 7.5 per cent in the ongoing fiscal year. Domestic dem... Read more

Victoria's Secret to close 53 stores in North America

The US lingerie giant Victoria's Secret is closing 53 stores in North America this year, citing... Read more

Coats revenues up, profits slip

Coats’ yearly revenue has grown four per cent. Pre-tax profits slipped as lower demand fo... Read more

Crocs annual revenue grows by six per cent

Crocs’ yearly revenues have jumped 6.3 per cent. The company’s e-commerce business... Read more

H1 loss of Esprit Holdings widens due to brand weakness

Fashion group Esprit Holdings recently posted a bigger loss for the first half amid changes in ... Read more

Italian investment bank Mediobanca holds first Fashion Talk

Italian investment bank Mediobanca held its firsts annual ‘Fashion Talk’, presentin... Read more

Under Armour Q4 gross margin touches 45 per cent

Under Armour’s gross margin for the fourth quarter rose 160 basis points to 45 per cent. ... Read more

Puma’s Q4 sales increases 20.1 per cent

Puma's sales increased by 20.1 per cent currency adjusted to € 1,226.4 million, compared t... Read more

Sangam sees a dip in Q2 net sales, profits

Sangam’s net sales for the December quarter were Rs 441.93 crores as compared to Rs 472.5... Read more

Fall in Aarvee Denim’s quarterly net sales

Aarvee Denims and Exports’ net sales were Rs 176.94 crores for the December quarter as co... Read more

Kering Q4 revenue up 29 per cent

For 2018 Kering’s consolidated revenue was up 29.4 per cent on a comparable basis. All re... Read more

Rieter’s orders down 17 per cent in 2018

In 2018 Rieter’s orders were down 17 per cent compared to previous year while sales were ... Read more

Sri Lanka: Teejay revenue up 25 per cent

Teejay, based in Sri Lanka, is a circular knitter has seen its Q2 revenue grow 25 per cent. Pro... Read more

Nandan Denim uses 63 per cent capacity in last nine month period

For the nine month period Nandan Denim’s capacity utilisation stood at 63 per cent. Gross... Read more

Arvind sees 30 per cent Q4 growth

For the fourth quarter Arvind has clocked in 30 per cent growth in its top line and has also re... Read more

Levi Strauss Q4 net revenues up 14 per cent

Levi Strauss’s net revenues grew 14 per cent this fiscal year. The company’s strate... Read more

Arvind Q3 net sales, profits drop compared to Q2

Arvind reported net sales of Rs 1706.87 crores for the December quarter as compared to Rs 1815.... Read more

Grasim’s Q3 net sales up

Grasim, reported a Q3 net sales of Rs 18591.13 crores as compared to Rs 17098.77 crores during ... Read more

Vardhman Textiles’ Q3 net profit increases to Rs 191.13 crore

Vardhman Textiles has reported financial results for the period ended December 31, 2018. The co... Read more

Sutlej Textiles quarterly sales fall in Q3

For the December quarter Sutlej Textiles’ net sales were Rs 657.35 crores as compared to ... Read more

VF Corps Q3 operating income rise 30 per cent

The operating income of VF Corporation in the third quarter of fiscal 2019 soared by 30 per cen... Read more

H&M Q4 net sales increase 12 per cent

H&M’s fourth quarter net sales rose y 12 per cent to SEK 56.4 billion. Its online sal... Read more

Adidas AG and Nike’s shares at crossroads

As per Morgan Stanley analysts, Adidas AG and Nike Inc. are currently at crossroads, with Adida... Read more

Raymond net profit up 30 per cent in Q3

For the third quarter Raymond’s consolidated net profit was up 30 per cent. Total income ... Read more

Burberry Q3 sales up one per cent

For the third quarter Burberry’s like-for-like sales inched up one per cent. Reported ret... Read more

Trident Q3 profit up 53 per cent

For the third quarter Trident has had a 53 per cent rise in net profit. The company’s rev... Read more

Uniqlo Japan’s profit down 30 per cent, could come under pressure in China

Operating profit of Uniqlo’s Japan fell 30 per cent in the first quarter compared to the ... Read more

M&S’ UK sales take a dip in December

M&S’ UK sales fell 2.2 per cent on a like-for-like basis and 2.7 per cent in total. I... Read more

Burberry works on its strategy to boost bottomlines

British brand Burberry is having distribution problems. The company’s supply chain remain... Read more

Inditex ebit up three per cent

Inditex’s nine-month earnings before interest and tax were up three per cent. The negativ... Read more

Garware net sales up 27 per cent

Garware Technical Fibers, founded in 1976, is a leading manufacturer of technical textiles. The... Read more

Inditex to retail 118 million garments in 2018

Inditex is on path to achieve its target to retail 118 million garments across all brands under... Read more