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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

Facing financial pressures, is Alok Industries on the verge of cl…

Facing financial pressures, is Alok Industries on the verge of closure?

"Alok Industries, one of the most formidable players in Indian textile space, has been reeling under financial pressure and may soon be declared bankrupt if the dues aren’t paid. The current 270-day deadline for resolution set under the insolvency code is already over and the company management is trying to get s... Read more

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

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G-III Apparel Group Q3 net income rises to $94 million

A recent report from Coresight Research reveals, Q3 net income of G-III Apparel Group, which de... Read more

Welspun increase focus on domestic market

Welspun India is one of the world’s biggest home textiles companies. Around, 94 per cent ... Read more

Guess expects positive results upto Feb 2019

According to Herrero, Guess expects positive results in all regions, and profitability across a... Read more

JC Penney sales down five per cent in Q3

For the third quarter JC Penney’s net sales declined 5.8 per cent. Comparable sales fell ... Read more

Coats revenues down two per cent

Coats’s revenues fell two per cent in the four months ending October. Sales were affected... Read more

In first half of year, Gap faces excess inventory

Gap performed poorly in the first half of the year. The operating model improvement process at ... Read more

Rise in KG Denim net sales

During the period ended September 30, 2018, KG Denim’s net sales were Rs 183.60 crores as... Read more

India:Grasim Industries registers net loss in Q2

Aditya Birla Group firm Grasim Industries reported a consolidated net loss of Rs 1,300 crore (a... Read more

Lenzing revenue down five per cent in Q3

For the first three quarters Lenzing’s revenue decreased 5.2 per cent over the comparativ... Read more

Kitex Q2 profit up eight per cent

For the second quarter Kitex Garments’ profits rose eight per cent. Revenue witnessed a 2... Read more

US apparel and footwear brands to see higher growth this year

US apparel and footwear sales are expected to grow between six per cent and seven per cent this... Read more

Clariant’s Q2 profits up 16 per cent

For the second quarter Clariant’s profits were up 16.1 per cent. Sales clocked up Rs 256 ... Read more

India: Arvind Q2 net sales up

For the second quarter Arvind’s net sales were Rs 1815.98 crores as compared to Rs 1609.1... Read more

Welspun Q2 net sales up, touches Rs 2440 cr

For the second quarter Welspun net sales were Rs 2440.03 crores as compared to Rs 2043.21 crore... Read more

Oerlikon orders up 22 per cent

Oerlikon’s orders for the third quarter increased year-over-year by 22.2 per cent. Sales ... Read more

Esprit Q1 revenues down 16 per cent

For the first quarter Esprit’s revenues slumped 16.2 per cent year on year in local curre... Read more

Century Textiles’ net profit up threefold in Q2

For the second quarter Century Textiles & Industries’ net profit jumped nearly threef... Read more

Welspun India’s Q2 margins take a hit due to a falling rupee

Welspun India’s Q2 margins have been impacted by almost three per cent due to the depreci... Read more

Welspun India to pursue differentiation strategy

Textile firm Welspun India will continue to pursue its differentiation strategy based on brandi... Read more

Levi’s Q3 net income up 45 per cent

Levi’s net income for the third quarter grew 45 per cent. Revenues rose 10 per cent. Net ... Read more

Canada apparel imports up four per cent

Canada’s apparel imports grew 4.11 per cent from January to July ’18. However, the ... Read more

H&M profit down 19 per cent

H&M’s operating profit fell 19 per cent in the three months to August, marking the te... Read more

Esprit group’s revenue down 11 per cent

Esprit group revenue has fallen 11.1 per cent. Germany, Esprit’s largest market, accounte... Read more

Tailored Brands’ Q2 sales double

For the second quarter of fiscal 2018, custom sales of Tailored Brands doubled compared to last... Read more

Primark to generate 5.5 per cent more sales than last year

Primark, in its recent trading update, has stated the brand would generate 5.5 per cent more sa... Read more

Welspun India expects volume growth at 10 per cent

Welspun India expects its volume to grow at eight to 10 per cent in the current financial year.... Read more

Indian denim maker Nandan Denim to benefit from GST, VAT refunds

Refunds of VAT and GST will benefit denim fabric maker Nandan Denim by Rs 20 crores annually. T... Read more

PVH Corp surpasses Wall Street estimates

PVH Corp, the owner of Calvin Klein and Tommy Hilfiger brands, reported earnings of $2.18 per s... Read more

India: Tirupur-based CS Textile aims for 35 per cent growth

Tirupur-based CS Textile is planning to expand its capacity and expects a growth of 35 per cent... Read more

Gap sales up eight per cent

For Q2 Gap net sales increased eight per cent compared with last year. Comparable sales increas... Read more

Li & Fung turnover down nine per cent

Li & Fung turnover in the first half ended June 30 fell 9.6 per cent from a year earlier. T... Read more

Urban Outfitters Q1 sales up ten per cent

For the first quarter sales at Urban Outfitters rose by ten per cent. This growth was spurred b... Read more

India: Grasim Q1 net profit rises to Rs 1,399 crores

For the three month period ended June 30, 2018, Grasim’s net sales were Rs 17,089.65 cror... Read more

India: Q1 sees a dip in Nandan Denim’s sales

Net sales of Nandan Denim in the three month ended June 30, 2018, was Rs 359.62 crores as compa... Read more

Ashapura Intimates sees a rise in Q1 sales

Ashapura Intimates’ Q1 net sales was, Rs 73.43 crores as compared to Rs 64.11 crores duri... Read more

India: Vardhman Textiles Q1 net sales rise

Net sales of Vardhman Textiles during the three month period ended June 30, 2018, were Rs 1604.... Read more

India: Suryalakshmi Cotton Mills Q1 net sales rise

Net sales of Suryalakshmi Cotton Mills during the three month period ended June 30, 2018, was R... Read more

VF Corp explores strategic options for denim business

VF Corp is exploring strategic options for its denim business that could include a sale or spin... Read more

Clariant records Q1 sales of Rs 264 crores

Clariant’s sales for the first quarter were Rs 264 crores as against Rs 258 crores for th... Read more

Lenzing revenue declines 6.4 per cent in 2018

Lenzing’s revenue in the first half of fiscal 2018 declined 6.4 per cent compared to the ... Read more

Adidas revenue up 12 per cent in Q2

For Q2, revenues for Adidas brand increased 12 per cent. While revenues in the wholesale channe... Read more

India’s Nitin Spinners’ Q1 net sales rise

Nitin Spinners has reported net sales worth Rs 300.72 crores during the three month period ende... Read more

Indorama Ventures net profit up 109 per cent

For the half year Indorama Ventures’ net profit rose 109 per cent higher year on year. Re... Read more

Oerlikon Q2 sales up 36 per cent

For the second quarter, Oerlikon’s order intake increased year-on-year by 26.8 per cent w... Read more

Hugo Boss Q2 sales up six per cent

German luxe fashion brand Hugo Boss’ sales in the second quarter of fiscal 2018 went up s... Read more

Salvatore Ferragamo HY revenues down 6 per cent

For the half year Salvatore Ferragamo’s revenues were down 6.2 per cent at current exchan... Read more

Century Textiles Q1 net sales decline

Century Textiles and Industries reported net sales of Rs 2209.38 crores during the three month ... Read more

Welspun net profit up two per cent in Q1

For the quarter ended June 30 Welspun India’s consolidated net profit rose 2.4 per cent. ... Read more