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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... 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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Inditex H1 revenue up 11 per cent

Inditex group revenue is up 11.5 per cent in the first six months of the financial year. Sales ... 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

Primark y-o-y sales up 21 per cent

Value retail giant Primark is going from strength to strength. The fashion chain is performing ... Read more

Alok Industries faces insolvency action

Lenders to Alok Industries will start corporate insolvency proceedings against the textile firm... Read more

Vardhaman expects cotton prices to fall, revises earnings estimate

Vardhaman Textiles has cut its earnings per share estimate. There are two reasons for this. One... Read more

Eclat expects boost from new customers

Textile and garment manufacturer Eclat Textile, Taiwan is expecting sales to pick up in the thi... Read more

H&M sales up four per cent

H&M had a four per cent year-on-year rise in sales for May. This is the latest in a string ... Read more

Global Brands net revenue up 11 per cent

Global Brands’ net revenue for the year increased by 11.6 per cent. The children’s ... Read more

S. African retailers struggle for profits

Apparel retailers in South Africa like Mr Price, Edcon and TFG are facing falling sales. Shoppe... Read more

Canada’s apparel retailers flounder

Canada’s apparel retailers continue to grapple with a rapidly changing retail environment... Read more

G-III Apparel’s shares rises 28 per cent pre-market on raise guidance

Shares of G-III Apparel Group jumped 15.2 percent, to 28 per cent for the quarter ended April 3... Read more

Lululemon revenue rises five per cent

For the first quarter of this year Lululemon Athletica’s net revenue rose five per cent c... Read more

Rainbow quarterly sales down 18 per cent

For the quarter ended March 2017 sales of Rainbow Denim declined 18.56 per cent as against the ... Read more

Li & Fung holds annual general meeting

At the Annual General Meeting of Li & Fung held on June 1, 2017, a poll was demanded by the... Read more

Mavi jeans valued at $700 mn

Mavi Giyim's one of the Turkish fashion retailer initial public offering (IPO) is seen priced a... Read more

Nandan quarterly revenue up, profit declines

Nandan Denim’s consolidated revenue for the fourth quarter of 2017 rose by 29.9 per cent ... Read more

Sweden grows by 0.4 per cent quarterly

The Swedish economy expanded 0.4 per cent on quarter in the first three months of 2017.Fixed in... Read more

Decker gross margin improves

For fiscal 2017, Decker Brands has reported gross margin of 46.7 per cent compared to 45.2 per ... Read more

Dhaka bourse seeks to extend trading hours by 30 minutes

The country's premier bourse has sought to extend the regular trading period by 30 minutes. The... Read more

J Crew lowers prices

J Crew is slashing prices in an attempt to tackle slumping sales and waning customer interest. ... Read more

Zara is facing a massive threat

According to a new research report by Fung Global Retail and Technology, Zara which was once a ... Read more

Two per cent rise in Gap sales

Gap’s comparable sales for the first quarter of fiscal year 2017 were up two per cent ver... Read more

M&S annual profit down 64 per cent

Annual profits of Marks & Spencer have dropped by 64 per cent. Weak clothing sales were com... Read more

Lakshmi sales up 22 per cent

For the fourth quarter of financial year ’17, Lakshmi Machine Works’ total sales sa... Read more

Grasim’s revenue up by six per cent

Grasim’s revenue was up by six per cent for the fourth quarter. Grasim has four lines of... Read more

Lenzing revenues up 14 per cent

Lenzing’s revenues for the first quarter of 2017 have risen 14.3 per cent compared to the... Read more

Vardhaman Textiles Q4 revenue up 8 per cent

Vardhaman Textiles’ consolidated revenue for the fourth quarter registered a 8.9 per cent... Read more

Trident’s Q4 net profit up 63 per cent

Trident’s net profit jumped 63.6 per cent for the fourth quarter ended March 2017. Revenu... Read more