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Sportswear giant Nike reported an 85 per cent decline in Q4, FY25 net profit to $211 million as against $1.5 billion in the same period last year. This decline was a result of the steep contraction in the brand’s sales, an expensive organizational overhaul, and a substantial $1 billion impact from US tariffs.
Of all regions, Greater China experienced the most significant sales decline while North America and the EMEA region showed more promising signs of recovery.
Mathew Friend, Chief Financial Officer, says, these results reflect the largest financial impact from the company's ongoing ‘Win Now’ reorganization initiative. Nike also plans to implement ‘surgical’ price increases in the US starting this fall to offset additional tariffs imposed by President Trump's administration, Friend affirms.
A part of what Trump terms ‘Liberation Day’ trade policy, the current tariff system could increase the company’s costs by approximately $1 billion this year. To mitigate this, Nike plans to reduce its footwear production in China destined for the US from 16 per cent to high single digits by May 2026.
Swedish fashion giant H&M reported a slightly stronger profit during Q2, FY25 ending June 30, 2025, signaling positive momentum as Daniel Erver, CEO worked to attract more shoppers with trendier clothing. The world's second-largest publicly traded fashion retailer also projected a 3 per cent rise in sales during the quarter, a welcome improvement compared to a 6 per cent decline during the same period last year.
The brand’s collections are more on trend, more fashionable, and have received more customers’ appreciation strong throughout this quarter, states Erver. Gingham and check patterned dresses, blouses, and skirts have been particularly popular this season, a trend expected to continue into autumn, he adds. Additionally, fueled by a rising demand on the social media, sales of accessories like bags and sneakers have increased.
In the US, where H&M operates around 500 stores, there is a significant drop in consumer sentiment due to the turbulent tariff situation following President Donald Trump's increased import duties, notes Erver. This has led competitors to raise prices. Primarily sourcing products from China and Bangladesh, H&M focuses on maintaining competitive pricing, as consumers remain highly price-sensitive amidst economic uncertainty in the US and globally, he adds.
In the March-May quarter, H&M's sales declined to 56.7 billion Swedish crowns ($5.99 billion), from 59.6 billion a year ago, narrowly missing LSEG analysts' forecast of 57.0 billion crowns.
Earlier this month, Zara owner Inditex also reported disappointing sales, indicating a broader consumer pullback from apparel spending as US tariffs introduce risks to global economic growth.
Despite the slight sales dip, H&M's Q1 operating profit rose to 5.91 billion crowns, surpassing analysts' forecast of 5.88 billion. While the operating profit margin decreased to 10.4 per cent from 11.9 per cent last year, it still exceeded analysts' fears.
H&M noted strong performance from its higher-priced brand, COS, and observed that shoppers are generally opting for more medium and high-priced items, contributing to improved profitability. However, highly competitive summer markdowns across the market led to increased discounting in Q1, FY25, Erver adds.
Even as it reduces its global store footprint, H&M is actively seeking growth in new markets with expanding middle classes. The company plans to open its first stores in Brazil in the second half of the year, alongside expansions into El Salvador and Venezuela, with a launch in Paraguay anticipated next year.
To stay at the forefront of evolving market trends and sourcing demands, Intertextile Shanghai Home Textiles – Autumn Edition is set to return with an even more comprehensive showcase of the home and contract textiles industry's most sought-after products.
Scheduled from August 20 to 22, 2025, at the National Exhibition and Convention Center (Shanghai), this business-friendly platform aims to reinforce connections within the home textile sector.
The upcoming Autumn Edition will place a strong emphasis on its Editor Zone, alongside a diverse array of other product zones. These areas will highlight the industry's newest innovations, creating a dynamic environment designed to capture the growing demand across Asia. The fair's fringe program has also been refreshed and reinvented for today's market, promising strategic insights delivered through four new, focused pillars: Connector, Econogy, NextGen, and Palette. This revamped program is designed to provide attendees with targeted information and foster crucial discussions on the future of the industry.
This Autumn Edition will feature an expansive display across 16 distinct product zones, covering the complete spectrum of home and contract textiles. Visitors can explore a wide variety of offerings, including Bedding, Curtains and Curtain Fabrics, Design Studios, Editors, Leather, Upholstery and Sofa Fabrics.
This extensive range of exhibits aims to cater to the diverse needs of buyers, designers, and manufacturers, offering a rich sourcing experience. The fair continues to be a pivotal event for professionals seeking to identify new trends, forge partnerships, and expand their business in the dynamic Asian home textile market.
Egypt's textile and apparel (T&A)market is projected for substantial growth, with a CAGR of 5.13 per cent from 2025 to 2033, according to IMARC Group's latest research. This optimistic forecast is driven by robust government support, the industry's strategic geographical location, the enduring appeal of Egyptian cotton, a growing focus on sustainability, and the expanding reach of e-commerce.
The Egyptian government has been actively bolstering the textile and apparel sector through targeted policies and significant investments. Initiatives include modernizing public-sector textile factories and establishing new industrial zones to boost production capacity. Policies like tax breaks and streamlined regulations are also attracting investment and helping companies scale their operations.
A key pillar of Egypt's textile industry is its renowned long-staple cotton, often called ‘white gold.’ The superior quality of this cotton makes it a preferred choice globally for premium clothing and home textiles, benefiting local manufacturers and drawing international brands seeking luxury materials.
Egypt's strategic proximity to major markets like the United States, Europe, and the Middle East offers a significant logistical advantage. With 15 commercial ports and efficient shipping routes, Egypt can ensure faster delivery times; for example, shipments can reach the US in just 12 days, a stark contrast to the month-plus transit times from some Asian ports.
Sustainability is also reshaping Egypt's textile landscape. As consumer demand for eco-friendly products rises, manufacturers are increasingly adopting organic cotton, recycled polyester, and energy-efficient production methods. The Egypt Cady Textiles factory, which opened in 2023, exemplifies this shift with its focus on eco-friendly production.
Moreover, the rise of e-commerce is transforming how Egyptian textiles and apparel reach consumers. Social media platforms, coupled with influencer marketing and targeted advertisements, are boosting sales by enabling direct brand-to-customer connections. Local fashion brands, for instance, leverage Instagram to showcase trendy designs and drive online sales.
Finally, a burgeoning trend of local fashion brands is emerging, blending Egypt's rich cultural heritage with contemporary designs. The Egyptian Chamber of Apparel and Home Textile Industries (ECAHT) actively supports these brands, promoting Egypt's unique identity worldwide. Brands focusing on authentic Egyptian cotton apparel are gaining traction for their quality, invigorating the industry and creating opportunities for designers to innovate for both local and international consumers seeking distinctive, high-quality products rooted in tradition.
A study by the private research institute Research and Policy Integration for Development (RAPID) suggests, Bangladesh could potentially export $65 billion worth of garments to the EU market by 2030.
Dr Mohammad Abdur Razzaque, Chairman and European Trade Researcher, states, Bangladesh's strong performance in exporting basic garments, coupled with a slight increase in demand for such items in the European market, has driven the overall export income during January-April this year. RAPID believes, Bangladesh has an additional export opportunity of $18 billion to the EU even in the current market conditions.
Bangladesh is currently the second-largest exporter of apparel to the EU, followed by China. From January to April this year, the European Union's 27 member states collectively imported $32.48 billion worth of clothing from the global market. Of this total, Bangladesh supplied a substantial one-fourth, amounting to $8.06 billion to the EU. This represents a remarkable 24 per cent increase compared to the same period last year, according to data analyzed from Eurostat by the Bangladesh Garment Manufacturers and Exporters Association (BGMEA).
According to the latest data from the Export Promotion Bureau (EPB), Bangladesh earned $36.56 billion from global garment exports in the first 11 months (July-May) of the FY24-25. Of this, knit garments accounted for $19.62 billion, and woven garments for $16.94 billion. The EU is Bangladesh's largest export market for ready-made garments (RMG), generating approximately 60% of the country's total RMG export revenue.
Apparel exporters are optimistic about the increased shipments to major markets, even as the industry navigates various internal and external challenges. However, concerns remain regarding new US trade policies and the potential ramifications of the Israel-Iran conflict.
Mohammad Hatem, President, Bangladesh Knitwear Manufacturers and Exporters Association (BKMEA), notes, though the political situation after the July-August mass uprising had a negative impact on the association’s business, export income has increased. RMG exports to the US market have also increased.
Home textiles leader, Welspun has named bollywood actor Vidya Balan as the brand’s new ambassador. Celebrated for her authenticity, deeply held values, and discerning choices in her career and personal life, Balan is seen as a perfect embodiment of Welspun's commitment to quality, trust, and innovation in home solutions.
The brand views Balan as a natural fit, reflecting its core values of integrity, reliability, and substance. Her grounded demeanor and belief in meaningful collaborations mirror Welspun's dedication to providing products that address real-life needs with consistent care and quality. Balan will feature prominently in Welspun's upcoming 360-degree marketing campaign. The brand films will highlight the durability, comfort, innovation, and everyday relevance of Welspun's extensive range of home textile offerings.
Embodying Welspun;s spirit of being grounded, relatable, and inspiring, Balan proves to as the perfect partner as the brand expands its reach and deepen its relevance across Bharat, states Saumil Mehta, President & Business Head of Domestic Home Textile at Welspun Global Brands.
Pradnya Popade, Head - Marketing for Domestic Home Textile, Welspun Global Brands, adds, Balan's authenticity, practical choices, and pan-India appeal make her a natural fit. Her effortless storytelling and ability to connect meaningfully with broad audiences reflect the kind of relationship we aim to build with our consumers. She resonates with the same values that define our brand: trust, relevance, and purpose. At a time when Indian consumers are moving toward smarter, value-driven purchases, Welspun offers products that combine durability, functionality, and innovation, ensuring they are well worth the investment.
Expressing her excitement about the partnership, Vidya Balan shares, Focusing on durability, comfort, and diverse designs, Welspun understands people’s daily needs and delivers with sincerity
A global leader in sustainable chemicals and specialty co-polyesters, Indorama Ventures Public Company (IVL) has entered into a significant distribution partnership with top distributor of high-performance polymer solutions, PolySource as an authorized distributor for IVL’s advanced specialty PET and PEN polymers, covering North America and crucial international markets within IVL’s Combined PET (CPET) segment.
This agreement marks a pivotal moment for Indorama Ventures' Specialty Polymers business within its CPET segment, as it aims to strengthen its foothold in the global specialty polyesters market. The partnership is set to enhance access to cutting-edge specialty polymers specifically engineered for demanding applications in diverse sectors such as cosmetics, electronics, medical, defense, and industrial. These industries critically rely on materials offering precision performance, strict regulatory compliance, and significant innovation.
This agreement allows customers greater access to the company’s most advanced specialty polyesters, backed by the technical support and market reach of a proven partner like PolySource. Together, the two companies enable innovation in sectors where materials matter most, says Marc Potemans, Head of Specialty Chemicals at Indorama Ventures.
Customers stand to gain several key benefits from this collaboration. They will have broader access to premium materials, sourcing IVL's advanced co-polyesters more efficiently through PolySource’s established distribution channels. PolySource's dedicated technical team will also provide application-centric support, including formulation guidance and development assistance, helping customers accelerate product innovation and reduce time-to-market. The partnership will deliver tailored solutions across industries, offering specialized materials designed to tackle complex challenges, whether in high-clarity cosmetic packaging or heat-resistant electronics.
This strategic partnership highlights Indorama Ventures' unwavering commitment to customer-focused growth, material innovation, and delivering customized solutions that will power the next generation of products.
Following a successful launch in Amsterdam, the Jeanius Hub is set to make its debut in the New York City, showcasing cutting-edge advancements and fresh ideas for the denim industry. This dedicated area will enable new companies and innovations to highlight exciting developments shaping the future of denim.
Among the pioneering companies featured in the Jeanius Hub include Lab Denim, which will present its patented, indigo-free, post-weave colorization technology. This innovative process recreates authentic denim wear patterns without the use of harmful chemicals, offering a more sustainable approach to denim finishing.
Another Circ will highlight its proprietary hydrothermal process to recover original materials from polycotton blends. This technology yields fibers that can be reused for creating like-new textiles, significantly reducing waste in the industry.
COLOUizd will showcase its new dyeing process with its proprietary technology. The company’s method helps reduce water consumption during dyeing and features a patent-pending yarn coloration process that also saves energy and lowers the carbon footprint of denim production.
Formerly known as Renewcell, Circulose has relaunched with new investors and a strategic partnership with Spanish retail giant Mango. The Circulose fiber is made entirely from 100 per cent recycled cellulose textiles. These textiles are recovered and repurposed to create regenerated man-made cellulosic fibers such as viscose, lyocell, modal, and acetate, offering a circular solution for textile waste.
The Jeanius Hub's presence in New York underscores the denim industry's strong push towards sustainability, innovation, and responsible manufacturing. It provides a crucial platform for these groundbreaking companies to present solutions that address some of the industry's most pressing environmental challenges.
Swedish fashion retailer, H&M Group reported a 16 per cent decline in operating profit, reaching approximately $621.1 million at constant currency in Q2, FY25 ending May 31.
H&M attributed this decline to a lower gross margin and negative currency translation effects. The group specified, margins were adversely impacted by external factors such as a more expensive US dollar and elevated freight costs, leading to higher purchasing costs in the quarter.
The continued internal investments in enhancing its consumer offering also played a role. Despite these challenges, the retailer anticipates that the external factors negatively affecting its purchasing in the first half will turn favorable in the latter part of the year.
The group’s sales rose by 1 per cent Y-o-Y in local currencies during the quarter. On a like-for-like basis, sales increased by 3 per cent, a notable achievement given that the retailer has reduced its store count by 4 per cent since May of last year. On a reported basis, Q2 net sales declined by 4.9 per cent Y-o-Y to approximately $5.96 billion at current exchange, due to a stronger Swedish krona.
Daniel Erver, Chief Executive Officer, H&M states, despite these subdued financial results, the company is beginning to see signs of progress, driven by its reduced store footprint and ongoing turnaround plan focused on improving product offerings and the shopping experience.
There have been positive developments in key areas like online sales, H&M womenswear, and H&M Move, along with a sustained focus on cost control, which are expected to contribute to profitable sales growth, he adds.
In H1, FY25, the brand’s sales in local currencies rose by 1 per cent. In reported terms, net revenues for the six-month period declined by 1 per cent to approximately $11.77 billion. Operating profit declined by 22 per cent decline, reaching approximately $748.3 million.
In a landmark move to boost India’s textile and apparel manufacturing ecosystem, India Exposition Mart (IEML) has entered into a strategic partnership with Garment Technology Expo Ltd (GTEL) to co-host one of India’s leading garment machinery and innovation trade show, GTE.
This collaboration brings together two powerhouses: GTE’s legacy of curating cutting-edge garment tech showcases for over two decades and IEML’s infrastructure muscle and proven expertise in organizing world-class industry events.
Under this joint venture, GTE will now operate with a more expansive vision extending into new geographies, increasing exhibitor participation and deepening visitor engagement. From automation to AI, smart factories to sustainable solutions GTE will become a pivotal launchpad for innovation and global collaboration.
IEML will integrate its digital expertise and expansive event network to ensure each edition is future-forward, tech-integrated and user-centric. Visitors and exhibitors can expect smarter layouts, seamless operations and robust on-ground experiences powered by IEML’s experience in hosting flagship shows like Bharat Tex, UPITS and IHE.
Reflecting on this new partnersip, Inderjit S Sahni says, With IEML now on board, GTE gears up to elevate the expo to new heights with bigger showcases, greater impact and broader reach.
Dr Rakesh Kumar, Chairman of IEML, emphasizes, this partnership is not just timely but also transformative. With IEML’s reach across cities like Mumbai, Ahmedabad, Hyderabad, and Kolkata, the organization will help amplify GTE’s scale, technology quotient, and national footprint.
GTE serves as India’s largest platform dedicated to garment and textile manufacturing innovations. Held annually in Delhi NCR and biannually in Ahmedabad and Bengaluru, GTE connects suppliers, buyers, manufacturers, and solution providers, establishing itself as a crucial node in India’s fashion and manufacturing value chain. Located in Greater Noida, IEML stands as South Asia’s most advanced venue for large-format trade exhibitions and global conventions, boasting unmatched infrastructure and a strong record of hosting premier events.
