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
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
"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…
"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
"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…
"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
"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…
"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, 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’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
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
Transformative Spin-off of Lee and Wrangler with VF Corp
VF spin-off proved to be a pivotal moment, granting Lee and Wrangler newfound independence an... Read more
U.S. Polo Assn. Hits $2.3B Sales, Aims for $3B by 2030
U.S. Polo Assn., the official brand of the United States Polo Association (USPA), surpassed t... Read more
Inditex's Spring-Summer Sales Skyrocket
Despite wage costs and the loss of its Russian business, Inditex, the owner of Zara, reports a ... Read more
PVH Corp. Q1 Revenue Grows, Full-Year Guidance Affirmed
PVH Corp., the owner of Calvin Klein and Tommy Hilfiger, reported a 2% rise in Q1 revenue to ... Read more
Gap sales down 13 per cent this quarter
For the latest quarter, Gap’s net sales declined 13 per cent. The apparel maker’s s... Read more
The Children’s Place aims for stronger focus on e-commerce
The Children’s Place is on a path to replace its over-reliance on traditi... Read more
Court approves J Crew’s bankruptcy exit plan
J Crew Group has won court approval for its plan to shed debt and handle contro... Read more
TJX expects same store sales to decline by 20%: Refinitiv
According to IBES data from Refinitiv, TJX, owner of off-price retailers TJ Max... Read more
Kontoor records improved performance in Q2
Kontoor Inc., with a portfolio led by the Wrangler and Lee brands, has strength... Read more
Unifi expects increased demand for Repreve fabric
Unifi, a leading innovator in recycled and synthetic yarns, expects demand for ... Read more
Global Fashion Group expects second profitable quarter
Global Fashion Group expects a second profitable quarter on an adjusted EBITDA ... Read more
Escada struggles under new owner
Escada, the once high-flying brand synonymous with the big-shouldered Eighties ... Read more
Iconix Brand’s Q1 FY20 revenue falls 22 per cent
Iconix Brand Group, a US-based premier brand management company, has posted 22 per cent dip in ... Read more
Lenzing’s revenue declines by 16.7%
In the first quarter of 2020, the revenue of the Lenzing Group declined by 16.7 percent in comp... Read more
Iconix sells Umbro China business
Iconix Brands Group Inc has entered into an agreement to sell all its equity interests in Umbro... Read more
adidas’ Q1 net profit declines 97 per cent
German shoemaker adidas has reported a 97 per cent decline in its net profit for the first quar... Read more
Q1 net earnings of Skechers USA declined by 54.9%
The first quarter net earnings of American footwear company Skechers USA have declined by 54.9 ... Read more
The H&M group’s sales increase by 8% in Q1 2020
In the first quarter 2020, H&M group’s net sales increased by 8 percent to SEK 54,948... Read more
Gap Q4 sales up one per cent
For the fourth quarter Gap’s sales were up one per cent. However, Gap brand comparable sa... Read more
Indian companies see a rise in Ebitda
Ebitda margins of leading Indian textile and apparel companies have risen by one per cent durin... Read more
American Eagle Q4 revenue up six per cent
For the fourth quarter American Eagle Outfitters’ revenue increased by six per cent. Comp... Read more
Stella McCartney’s profits dip
Higher costs wiped out profits for Stella McCartney in 2018. Corporate reorganisation costs mou... Read more
Coats revenue down two per cent
Coats’ revenue has fallen two per cent in fiscal 2019. However, operating profit jumped 3... Read more
In Q4 Target sees a rise in its comparable sales
Target’s comparable sales grew by 1.5 per cent in the fourth quarter. Comparable digital ... Read more
J Crew’s profits up 15 per cent
J Crew’s profit climbed 15.4 per cent in 2019. Revenue went up by 2.3 per cent. Thanks to... Read more
Puma Q4 net sales up 20 per cent
For the fourth quarter Puma’s net sales went up 20.6 per cent. There was double-digit gro... Read more
Bossini sales down 20 per cent
Hong Kong-based brand Bossini’s sales have dipped as much as 20 per cent. It began with c... Read more
Kering announces its full-year results
A global Luxury group, Kering manages the development of a series of renowned Houses in Fashion... Read more
HanesBrands’ revenue grows 25 per cent in FY19
HanesBrands, a leading global marketer of branded everyday basic apparels, posted 25 per cent i... Read more
Ralph Lauren profit up 58 per cent
Over a nine month period Ralph Lauren’s profit shot up by 58.6 per cent. Revenues grew 1.... Read more
Levi’s to open 100 stores in 2020
Levi Strauss is set to open 100 stores in 2020, as the denim giant is seeing strong gains on th... Read more
Japan’s Fast Retailing operating profit drops
In the first quarter Fast Retailing’s operating profit dropped. The owner of the Uniqlo c... Read more
M&S sales down three per cent
For the third quarter Marks & Spencer sales fell 3.7 per cent. Revenues were 0.7 per cent l... Read more
Pakistan to face repercussions form the transport sector strike
The recent strike by the transport sector is going to have adverse impact on exports as there a... Read more
American Eagle Outfitters revenue up six per cent
For the third quarter American Eagle Outfitters’ revenue increased six per cent. Same-sto... Read more