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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

American Apparel claims bankruptcy not a deterrent to its future

American Apparel claims bankruptcy not a deterrent to its future

According to court documents, American Apparel fashion chain will soon have its most profitable years ever, if the company manages to achieve the bankruptcy turnaround it aims for. Heavy losses bog down the company’s growth The company, known for its sexually charged advertising campaigns, i... Read more

Iconic American clothing brands face a bleak future

Iconic American clothing brands face a bleak future

Year 2015 has been where brands such as dElia's, Wet Seal, and Quicksilver have ceased to exist. Then there are others such as Aeropostale, American Apparel, Bebe, and Pacific Sunwear that are practically on life support, and are simply waiting their demise.   What led to the downfall of these la... Read more

Kellwood's high-end brand Vince filed for IPO

Kellwood's high-end brand Vince filed for IPO

Apparel Holding Corp., Kellwood's parent company, has taken the first step to take its high-end brand Vince public. According to the apparel group's filing, the initial public offering (IPO) would be worth up to 200 million dollars. As per the company's statement, proceeds from the IPO will be used for expansion and to... Read more

Billabong: new deal and new CEO

Billabong: new deal and new CEO

The struggling Australian surfwear company Billabong has once more accepted help in form of a refinancing plan, this time from New York-based Centerbridge Partners and Los Angeles-based Oaktree Capital Management, together known as C/O Consortium. In July, Billabong had announced a deal with private equity firm Altamon... Read more

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Uniqlo reports 35 per cent Q2 profit rise

Japan’s Fast Retailing owners of Uniqlo, posted a 35 per cent rise in second-quarter oper... Read more

Levi Strauss net revenues up 22 per cent

For Q1 Levi Strauss’ net revenues increased 22 per cent on a reported basis and 16 per ce... Read more

LVMH Q1 sales up 13 per cent

For Q1, LVMH sales rose 13 per cent on an organic basis. With this, LVMH has set an upbeat tone... Read more

Jayashree expects its Ebidta fall

Jayashree Textiles is staring at a sharp fall in profits in the current fiscal. One reason is t... Read more

Adidas defies the American curse haunting Nike and Under Armour

German sportswear brand Adidas has stated its earnings revenues were up 35 per cent in North Am... Read more

Picanol’s turnover up eight per cent in 2017, expect positive growth ahead

In 2017, Picanol’s turnover increased eight per cent compared to 2016. The group closed 2... Read more

Rieter’s order intake up 16 per cent in 2017 fiscal

Rieter’s order intake in the 2017 financial year increased 16 per cent compared to the pr... Read more

Nitin Spinners’ quarterly turnover up 30 per cent

For the quarter ended December 31, 2016, Nitin Spinners’s turnover went up 30.34 per cent... Read more

Steady progress for Oerlikon over the years

In 2017, Oerlikon delivered its targets and recorded top-line growth as well as improved operat... Read more

Gucci turnover up 41 per cent

In 2017 Gucci’s turnover was up 41.9 per cent. Over the last three years, the company has... Read more

Grasim Q3 profit hits Rs 786 crores

For the third quarter Grasim reported a consolidated net profit of Rs 786.87 crores, mainly on ... Read more

Welspun net profit down 47 per cent in Q3

For the third quarter home textile firm Welspun India saw a 47.07 per cent decline in consolida... Read more

Hanes clocks 4 per cent sales growth in Q4

Last year was very successful for Hanes — driven by a strong active wear segment, acquisi... Read more

Skechers rakes in $179 million in profits for 2017

For the fourth quarter American brand Skechers posted a revenue of $970.6 million. Store base g... Read more

Paul Smith shows signs of recovery but profits still on the decline

British brand Paul Smith is slowly getting back on its feet. The company has recorded a 3.5 per... Read more

Over 100 Pak textile mills closed down in 2017

The year 2017 was a bad year for basic textiles in Pakistan as over a 100 mills closed down.&nb... Read more

Europe’s fashion retailers face a winter of discontent

The emergence of online fashion retailers have put pressure on traditional, store-based rivals ... Read more

J.Crew revenues down 5 per cent in Q3, more stores to close

The J.Crew Group disclosed another sales drop in its third quarter, despite strong Madewell sal... Read more

Victoria’s Secret shifts from bras to panties among slumping sales

Victoria's Secret is trying to revamp how it sells panties as the company posted its second str... Read more

Lenzing’s first nine months revenue up nine per cent

For the first nine months of 2017, Lenzing’s revenue climbed 9.4 per cent. This increase ... Read more

Indorama Ventures ebitda up 34 per cent

Indorama Ventures’ core ebitda rose 34 per cent year on year. Core net profit increased 6... Read more

Vardhman Textiles Q2 revenue edges up

Vardhman Textiles’ consolidated revenue for Q2 registered a 1.9 per cent year on year inc... Read more

Arvind’s Q2 profits down 15 per cent

Textile major Arvind’s profit plummeted 15 per cent for the second quarter. Revenues witn... Read more

Primark’s revenue up 19 per cent

Over the last year Primark’s revenue rose 19 per cent or 12 per cent currency-neutral. On... Read more

Century net profit up 18 per cent

For the September quarter Century Textiles and Industries saw a 18.42 per cent rise in its net ... Read more

Kering’s Q3 revenue up 23 per cent

Kering’s Q3 consolidated revenue in 2017 is up 23.2 per cent. Acceleration in luxury sale... Read more

LVMH revenues rise 12 per cent in Q3

LVMH, the world’s biggest luxury goods company, saw a 12 percent rise in like-for-like re... Read more

Esprit’s profit up threefold this year

Fashion group Esprit’s full-year profit saw a threefold rise. The Europe-focused clothing... Read more

French Connection cuts losses in H1

French Connection’s losses narrowed in the first half of the year. The struggling fashion... Read more

UK’s apparel brand Next shows better results

UK retailer Next’s performance in the last three months has been encouraging on a number ... Read more

Lululemon Athletica’s Q2 revenue up 13 per cent

During the second quarter Lululemon Athletica’s net revenue increased 13 per cent. Direct... Read more

Picanol H1 turnover up 11 per cent

For the first half of 2017 the Picanol group’s turnover increased by 11 per cent. The wea... Read more

Nandan Denim’s topline, gross profit rise in Q1

Nandan Denim’s topline, gross profit, and ebitda rose significantly during the quarter en... Read more

Texhong profits up, fears trade war

Texhong Textile, based in China, is one of the largest yarn producers in the world. Net profit ... Read more

Nandan Denim’s net profit up two per cent

Nandan Denim’s net profit for Q2, June quarter has risen 2.06 per cent as compared to the... Read more

Indo Rama’s net revenue falls in Q2

For the quarter ended June 30, 2017, Indo Rama Synthetics’ net revenues stood at Rs 652.5... Read more

Grasim’s net profit up 8 per cent

Grasim’s net profit for the quarter rose 8.2 per cent year-on-year. Revenue increased 12.... Read more

Indorama Ventures Q2 revenue up 11 per cent

Indorama Ventures registered year-on-year revenue growth of 11 per cent in the second quarter o... Read more

Welspun net profit down 38 per cent in Q2

Mumbai-based textiles maker Welspun India reported a 38.39 per cent decline in consolidated net... Read more

Kornit Digital’s Q2 gross profit up 12 per cent

For the second quarter Kornit Digital’s GGAP gross profit increased 12.6 per cent. Non-GA... Read more

Hanes’ net sales up 12 per cent in Q2

For the second quarter Hanes Brands’ net sales increased 12 per cent. Organic sales impro... Read more

Gucci clocks in 39 per cent growth riding on demand in Mainland China

For the first half of 2017 Kering’s revenue was up 26.5 per cent year-on-year on the back... Read more

Italian textile machinery sees positive order growth in Q2

According to data compiled by ACIMIT, the Association of Italian Textile Machinery Manufacturer... Read more

Himatsingka’s expansion projects progresses on schedule

Himatsingka’s consolidated revenues stood at Rs. 2,138 crores, a growth of 13.1 per cent.... Read more

Armani sales down five per cent

Italian luxury group Giorgio Armani group sales fell five per cent in 2016. Group revenues fell... Read more

Skechers’ quarterly sales up 16 per cent

Footwear company Skechers’ quarterly net sales increased 16.9 per cent. This was due in p... Read more

Puma revenue for 2017 to rise 12 to 14 per cent

Puma’s currency-adjusted revenue for 2017 will rise by 12 per cent to 14 per cent. The Ge... Read more

H&M June sales up seven per cent

Swedish fast fashion maker H&M’s June sales rose seven per cent compared to June last... Read more