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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

Increasing bottom lines in FY19, Indian companies plan new strate…

Increasing bottom lines in FY19, Indian companies plan new strategies for growth

"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

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

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Interloop records 115% rise in H1FY24 profit

  Pakistan’s leading textile exporter Interloop recorded a 115 per cent rise in p... Read more

Sutlej Textile & Industries’ Q3 net loss plunges to 93.82%

  Sutlej Textile & Industries suffered a significant financial blow in the third fi... Read more

China's luxury market booms despite broader economic woes

  While broader economic indicators in China paint a cautious picture, the luxury goods... Read more

Trident witnesses a 25% decline in Q3 net profit

  Despite a surge in consumer demand for home linen products during the festive season,... Read more

Hermes soars with record profits in 2023

  Consolidating its position as a market leader, French luxury powerhouse Hermes capped... Read more

Ralph Lauren beats revenue expectations for 12th straight quarter

  Defying economic jitters, Ralph Lauren exceeded the revenue expectations by Wall Stre... Read more

VF Corp faces headwinds as Q3 FY 24 revenues drop

  Owner of popular brands like Vans and The North Face, VF Corp is facing headwinds fro... Read more

Garware Technical Fibres reports 25% rise in PAT during 9MFY2024

  Technical textiles leader Garware Technical Fibres reported a 25 per cent increase in... Read more

Columbia Sportswear net sales to fall by 4 per cent

  Columbia Sportswear’s net sales are expected to decrease by 4 to 2 per cent, ra... Read more

Adidas posts resilient performance amidst currency challenges in 2023

  Adidas has released its preliminary results for 2023, showcasing a resilient performa... Read more

CTIL textile business turnover declines by 16% in Q3

  Despite the overall positive performance, turnover of the Textiles business of Centur... Read more

Skechers records $8 billion sales in 2023

  US footwear giant Skechers kicked off 2024 with record-breaking sales of $8 billion i... Read more

Burberry expects FY’24 operating profit to decline to £410 million

  British luxury fashion house Burberry expects operating profit for FY24 upto March to... Read more

Burberry targets £4 billion revenues in FY24

  British luxury fashion house, the Burberry Group aims to achieve its target of £... Read more

Safilo renews licensing deal with Hugo Boss till 2030

  Italian eyewear maker Safilo has renewed its licensing deal with German fashion house... Read more

Q1 operating profit of Fast Retailing Co surges by 25%

  Fast Retailing Co’s strong overseas sales helped the company increase its first... Read more

Nike Q2 revenues surge by 1%

  Footwear brand Nike’s revenues surged by 1 per cent Y-o-Y to $13.4 billion in Q... Read more

Giordano net profit to surge 29% in FY23

  Giordano’s positive performance in Greater China is likely to boost the apparel... Read more

Levi's 2023 revenue dip offset by diverse collaborations, innovative produc…

  In 2023, Levi's, despite facing a slight reduction in its full-year revenue forecast ... Read more

Stella McCartney’s revenue surge by 23% in FY’23

  Stella McCartney’s revenues surged by 23 per cent to over £40 million in ... Read more

Italy’s fashion sector grows to €111.7 billion in 2023

  Data from Italy’s fashion sector body, Confindustria Moda shows, turnover of It... Read more

Frasers buys online brand Matches for $66 million

  British sportswear and apparel retailer, Frasers has expanded its luxury portfolio wi... Read more

Mango targets €3 billion revenues by 2023-end

  After earning revenues worth €2.688 billion in 2022, Spanish fast fashion brand ... Read more

Superdry expects profit to dip despite cost control

  With an unusually warm weather hitting sales of its autumn/winter collection, and con... Read more

H&M registers SEK 62,629 million sales in Q4

  Net sales of the H&M Group in the fourth quarter spanning September 01, 2023-Nove... Read more

Robust Q3 results leads to PVH Corp raising full-year earnings outlook

  PVH Corp, the owner of renowned brands Tommy Hilfiger and Calvin Klein, has revised i... Read more

Aberchrombe & Fitch, AEO forecasts hit by cautious holiday sales

  Concerns regarding holiday-quarter sales from major retailers have overshadowed the p... Read more

Guess reports 3 per cent rise in Q3 revenues, saw a drop in US market

  In the third quarter of fiscal year 2024, the revenues of US-based fashion brand Gues... Read more

Gap Inc. demonstrates resilience amid sales challenges in Q3 2023

  Gap Inc. showcased its ability to navigate a challenging retail landscape in its Q3 2... Read more

Burberry to miss annual targets if meltdown continues

  Burberry, the luxury fashion group, has issued a warning about potential failure to m... Read more

Trident reports 25% rise in September quarter revenue

  Prominent textiles company Trident Ltd has reported a 25 per cent increase in revenue... Read more

Gildan Activewear: Results for the Q3 2023 reported

  Net sales for the third quarter came in at $870 million, up 2% over the prior year. ... Read more

Kering Group reports revenue amid challenging macroeconomics

  Kering Group, the parent company of luxury brands such as Gucci, Saint Laurent, and B... Read more

Adidas Q3 Results Beat Expectations, Full-Year Guidance Upgraded

  adidas today announced preliminary results for the third quarter of 2023, which beat ... Read more

H&M Hennes & Mauritz AB Nine-month report

  H&M's net sales in SEK increased by 8 percent in the first nine months of the fin... Read more

Ralph Lauren's sales forecast falls short amid U.S. luxury slowdown

  Ralph Lauren has projected current-quarter sales below Wall Street predictions, attri... Read more

India: Grasim Industries Q1 profit drops 56% amid textiles slump and weak c…

  Grasim Industries Ltd, a subsidiary of Aditya Birla Group, witnessed its quarterly pr... Read more

Teejay Lanka navigates Q1 challenges with strong balance sheet

  Teejay Lanka PLC has embarked on the fiscal year 2023-24 with resilience, securing a ... Read more

India: RSWM to expand cotton yarn capacity

  RSWM Ltd., a leading textile manufacturer and exporter from India, is investing ₹315 ... Read more

Kontoor Brands reports flat Q2 revenue with positive growth outlook for FY'…

  Kontoor Brands, Inc., a global lifestyle apparel company, reported its second-quarter... Read more

Adidas reports flat Q2 revenues, improves gross margin, and focuses on Inve…

  Adidas, the sportswear giant, has reported its second-quarter financial results for 2... Read more

UK: Next upgrades profit outlook

  Despite the challenges posed by increasing inflation and interest rates, British fash... Read more

VF Corporation Q1'FY24: Revenue Down, Iconic Brands Show Promise

  VF Corporation revealed its Q1'FY24 financial results, showing an 8% revenue decrease... Read more

Lenzing Group's H1 2023: Recovery Amidst Market Concerns

  The Lenzing Group, a major global supplier of specialty fibers for the textile and no... Read more

India: Cotton spinners face declining profits

ICRA predicts a 7% revenue decline for Indian cotton spinners in FY2024 due to lower cotton p... Read more

H&M battles Shein at a garment price of less than $2

In a bid to compete with Shein, the Chinese discount e-retail powerhouse that thrived during ... Read more

India: Yarn Bazaar raises funds for expansion

In a successful pre-Series A funding round, B2B managed marketplace, The Yarn Bazaar, has rai... Read more

Fashion Retailers Thrive Amid Market Challenges

In a positive start to June, global fashion giant H&M, renowned fashion house Hugo Boss, ... Read more