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
"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
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
Burberry, the luxury fashion group, has issued a warning about potential failure to m... Read more
Prominent textiles company Trident Ltd has reported a 25 per cent increase in revenue... Read more
Net sales for the third quarter came in at $870 million, up 2% over the prior year. ... Read more
Kering Group, the parent company of luxury brands such as Gucci, Saint Laurent, and B... Read more
adidas today announced preliminary results for the third quarter of 2023, which beat ... Read more
H&M's net sales in SEK increased by 8 percent in the first nine months of the fin... Read more
Ralph Lauren has projected current-quarter sales below Wall Street predictions, attri... Read more
Grasim Industries Ltd, a subsidiary of Aditya Birla Group, witnessed its quarterly pr... Read more
Teejay Lanka PLC has embarked on the fiscal year 2023-24 with resilience, securing a ... Read more
RSWM Ltd., a leading textile manufacturer and exporter from India, is investing ₹315 ... Read more
Kontoor Brands, Inc., a global lifestyle apparel company, reported its second-quarter... Read more
Adidas, the sportswear giant, has reported its second-quarter financial results for 2... Read more
Despite the challenges posed by increasing inflation and interest rates, British fash... Read more
VF Corporation revealed its Q1'FY24 financial results, showing an 8% revenue decrease... Read more
The Lenzing Group, a major global supplier of specialty fibers for the textile and no... Read more
ICRA predicts a 7% revenue decline for Indian cotton spinners in FY2024 due to lower cotton p... Read more
In a bid to compete with Shein, the Chinese discount e-retail powerhouse that thrived during ... Read more
In a successful pre-Series A funding round, B2B managed marketplace, The Yarn Bazaar, has rai... Read more
In a positive start to June, global fashion giant H&M, renowned fashion house Hugo Boss, ... Read more
VF spin-off proved to be a pivotal moment, granting Lee and Wrangler newfound independence an... Read more
U.S. Polo Assn., the official brand of the United States Polo Association (USPA), surpassed t... Read more
Despite wage costs and the loss of its Russian business, Inditex, the owner of Zara, reports a ... Read more
PVH Corp., the owner of Calvin Klein and Tommy Hilfiger, reported a 2% rise in Q1 revenue to ... Read more
For the latest quarter, Gap’s net sales declined 13 per cent. The apparel maker’s s... Read more
The Children’s Place is on a path to replace its over-reliance on traditi... Read more
J Crew Group has won court approval for its plan to shed debt and handle contro... Read more
According to IBES data from Refinitiv, TJX, owner of off-price retailers TJ Max... Read more
Kontoor Inc., with a portfolio led by the Wrangler and Lee brands, has strength... Read more
Unifi, a leading innovator in recycled and synthetic yarns, expects demand for ... Read more
Global Fashion Group expects a second profitable quarter on an adjusted EBITDA ... Read more
Escada, the once high-flying brand synonymous with the big-shouldered Eighties ... Read more
Iconix Brand Group, a US-based premier brand management company, has posted 22 per cent dip in ... Read more
In the first quarter of 2020, the revenue of the Lenzing Group declined by 16.7 percent in comp... Read more
Iconix Brands Group Inc has entered into an agreement to sell all its equity interests in Umbro... Read more
German shoemaker adidas has reported a 97 per cent decline in its net profit for the first quar... Read more
The first quarter net earnings of American footwear company Skechers USA have declined by 54.9 ... Read more
In the first quarter 2020, H&M group’s net sales increased by 8 percent to SEK 54,948... Read more
For the fourth quarter Gap’s sales were up one per cent. However, Gap brand comparable sa... Read more
Ebitda margins of leading Indian textile and apparel companies have risen by one per cent durin... Read more
For the fourth quarter American Eagle Outfitters’ revenue increased by six per cent. Comp... Read more
Higher costs wiped out profits for Stella McCartney in 2018. Corporate reorganisation costs mou... Read more
Coats’ revenue has fallen two per cent in fiscal 2019. However, operating profit jumped 3... Read more
Target’s comparable sales grew by 1.5 per cent in the fourth quarter. Comparable digital ... Read more
J Crew’s profit climbed 15.4 per cent in 2019. Revenue went up by 2.3 per cent. Thanks to... Read more