The story of Shein's soaring profits in 2023 presents a fascinating paradox. While a growing number of consumers, particularly millennials and Gen Z, express a desire for sustainable clothing, fast fashion giants like Shein are experiencing tremendous financial success. This raises several key questions. E... Read more
The Indian textile and apparel industry, especially for SMEs, is poised for a potential rebound, as indicated by the recent CRISIL SME Tracker report. However, beyond the fluctuations in cotton prices, a multitude of challenges confront these enterprises. This comprehensive analysis aims to dissect the intr... Read more
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
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
Following a period of robust growth during the height of the COVID-19 pandemic, sales... Read more
Known for its cashmere products, high-end Italian clothing brand, Brunello Cucinelli ... Read more
Led by Julian Dunkerton, CEO, Superdry, a prominent British fashion chain, has propos... Read more
Adidas defied expectations with a robust first quarter in 2024, boasting an 8 per cen... Read more
Renowned exporter of fabrics and garments to both global and domestic markets for the... Read more
Propelled by the performance of its flagship brand Uniqlo in North America, Europe an... Read more
Propelled by the performance of its flagship brand Uniqlo in North America, Europe an... Read more
As a part of its ongoing comprehensive reogranisation of the company’s operatio... Read more
Inditex has made changes in the leadership of Zara Woman, with Lorena Rodrígue... Read more
Denim maker Levi Strauss has revised its yearly profit forecasts upwards attributing ... Read more
Chinese-founded e-commerce giant, Shein recorded $2 billion profits in 2023. The e-ta... Read more
Smaller- than-anticipated decline in sales has helped the world’s second larges... Read more
Nike hs appointed Tim Hamilton as the new Vice President - Men's Apparel Design. Hami... Read more
Iconic British fashion brand Ted Baker is undergoing a restructuring as its UK arm en... Read more
H&M's new CEO, Daniel Erver, is under scrutiny as the company reports its first q... Read more
India's leading manufacturer of curtains and upholstery, D’décor is on a... Read more
Lululemon Athletica anticipates annual revenue and profit to remain below expectation... Read more
British clothing retailer Next has maintained its sales and profit outlook in the ong... Read more
Nike, Inc.unveiled its fiscal 2024 third-quarter financial results today, showcasing ... Read more
During its fourth quarter, Guess Inc registered a 9 per cent increase in revenues to ... Read more
Textile company Spinnova anticipates a downturn in revenues for the year 2024, with o... Read more
Gucci-owner Kering has forecasted a significant drop of approximately 20 per cent in ... Read more
Expecting mid-single-digit currency-adjusted sales growth, Puma targets revenues rang... Read more
World's largest fashion retailer and owner of brands like Zara, Pull&Bear, and Ma... Read more
Renowned German sportswear giant, Adidas encountered a significant setback as it post... Read more
Fast-fashion company founded in China, Shein, is poised to confront stricter regulati... Read more
A renowned UK-based cosmetics company founded in 1976 by human rights activist and en... Read more
The youthful brand under the Hugo Boss umbrella, Hugo unveiled Hugo Blue, its latest ... Read more
Despite the positive momentum, Gap anticipates that fiscal 2024 net sales will remain... Read more
Omer Bolat, Minister of Commerce, Turkey, says, textile and raw materials exports fro... Read more
In 2023, the net profit of luxury Italian conglomerate Prada surged by 44 per cent to... Read more
Reflecting on a challenging yet productive year for the company, Marco Gobbetti, CEO,... Read more
Building upon its robust fourth-quarter results, American Eagle Outfitters Inc aims t... Read more
Abercrombie & Fitch Co projects, the company’s full-year revenue growth wil... Read more
In the midst of a retail landscape characterised by dwindling consumer foot traffic a... Read more
Alif Industries, a composite textile company specialising in 100 per cent export-orie... Read more
Birkenstock Holding Plc’s latest earnings report showcased a resilient business... Read more
Urban Outfitters Inc achieved remarkable financial milestones for the fiscal year end... Read more
Disclosing its UK operations’ financials, renowned Spanish fashion retailer, Ma... Read more
Disclosing its UK operations’ financials, renowned Spanish fashion retailer, Ma... Read more
German sportswear brand Puma anticipates a challenging first half of the year amidst ... Read more
Following unsuccessful attempts to secure additional funds amidst sluggish sales over... Read more
Pakistan’s leading textile exporter Interloop recorded a 115 per cent rise in p... Read more
Sutlej Textile & Industries suffered a significant financial blow in the third fi... Read more
While broader economic indicators in China paint a cautious picture, the luxury goods... Read more
Despite a surge in consumer demand for home linen products during the festive season,... Read more
Consolidating its position as a market leader, French luxury powerhouse Hermes capped... Read more
Defying economic jitters, Ralph Lauren exceeded the revenue expectations by Wall Stre... Read more