FW
In a retail scenario that is constantly shifting with changing consumer preferences and economic pressures, Gap Inc., and specifically its flagship brands Gap and Old Navy, have emerged as unexpected winners in 2024. Once facing concerns about their relevance with declining sales, these iconic American brands have staged a remarkable comeback, with a blend of nostalgia, affordability, and a keen understanding of the modern consumer.
The numbers don't lie
Gap Inc.'s Q 2024 earnings revealed a significant turnaround. Gap brand saw a 7 per cent increase in comparable sales, a stark contrast to previous quarters. Old Navy, the company's value-driven powerhouse, reported a 5 per cent rise in comparable sales, exceeding analyst expectations. This increase is reflected in the company's stock price, which has seen a 30 per cent increase year-to-date. Moreover, net income rose 11 per cent to $206 million, and the company maintains a healthy balance sheet with $2.6 billion in cash reserves.
Success with a multi-pronged approach
Several key factors and initiatives have contributed to this resurgence, pushed up by the leadership of Richard Dickson and the execution of brand presidents:
Leadership and merchant focus: Dickson, with his proven track record at Mattel, brought a ‘new playbook’ focused on ‘championing original, trend-right products’ and ‘linking the product story with popular culture.’ His emphasis on ‘continuous improvement through innovation’ has shifted the company from ‘fixing the fundamentals’ to sustained growth. “We continue to perform while we transform,” Dickson opines, highlighting the company’s evolution.
Nostalgia and re-embrace of iconic styles (Gap): Gap's resurgence is heavily attributed to its successful revival of classic denim styles. The ‘90s Loose’ and ‘Carpenter’ jeans have resonated strongly with Gen Z and millennials, tapping into the current nostalgia trend. "Gap is back in the cultural conversation. This brand was built on strong product narratives, with brilliant marketing expressed through big ideas. And over the past year, each of these were reignited," Dickson says. Collaborations with influencers and high end brands like Dôen and Cult Gaia, alongside targeted social media campaigns, gave a boost to this message. Gap’s campaigns, like ‘Linen Moves’ and ‘Get Loose’ with artists like Tyla and Troye Sivan, have successfully reconnected with its audience. What’s more the introduction of innovative fabrics like Cashsoft has also driven sales.
Old Navy's value proposition: In an era of economic uncertainty, Old Navy's focus on affordable, family-friendly apparel has proven to be a winning formula. The brand has re-vamped its product offerings, with greater focus on denim and ‘relevant’ fashion. "Something that looks like Gap at Old Navy makes the customer feel they have access to relevant fashion at prices the family can afford," said Janet Joseph Kloppenburg. The multicategory approach, including activewear (with the new StudioSmooth collection), wear-to-work, and casual wear, has given it competitive advantage. “Old Navy has been connecting our customers with products they want through compelling storytelling and executing with clarity in price," Dickson said.
The company is also actively cutting costs through ‘low-value work’ elimination and redeployment into high-value projects, with a goal of $150 million in expense reductions in 2025.
Focus on inventory management and sourcing: Gap Inc. has improved its sourcing speed, allowing it to quickly capitalize on trending styles. “They’re also sourcing faster,” Kloppenburg says. “When a trend like the barrel-leg jean comes out and everybody wants it, they have been able to get it in season.” The focus on monthly product drops and agility has been crucial.
Omnichannel excellence: Gap Inc. has invested heavily in its omnichannel capabilities, seamlessly integrating its online and offline presence. Initiatives like "buy online, pick up in store" (BOPIS) and enhanced mobile shopping experiences have contributed to increased convenience and customer engagement. Data shows that BOPIS orders have increased by 25 per cent in the last six months, highlighting the success of this strategy.
Meanwhile both Gap and Old Navy have made strides in promoting inclusivity and diversity in their marketing and product offerings. This has resonated with a broader customer base and enhanced brand perception. Gap has increased its size range and featured diverse models in its campaigns, reflecting the changing demographics of its customer base.
Also, the appointment of Zac Posen as creative director has brought renewed focus on design and attention to detail across all brands. His influence is seen in high-profile events like the Met Gala and the Oscars.
Thus Gap Inc. is focused on maintaining momentum by continuing to innovate, enhance customer experiences, and adapt to evolving market trends. With a strong leadership team and a renewed focus on its core strengths, Gap and Old Navy are well-positioned for continued success.
The Fourth Moscow Fashion Week, held from March 13 to 18, 2025, at the Manege Central Exhibition Hall, reaffirmed its status as a key event in the global fashion industry. The event attracted leading designers, industry professionals, international buyers, and fashion enthusiasts, creating a dynamic platform for creativity and cross-cultural exchange. Among the standout participants were Indian designers, whose compelling showcases highlighted their growing influence on the global fashion stage.
Indian designers bring tradition and innovation to Moscow
A major highlight of Moscow Fashion Week was the collaboration ‘FDCI presents: CoEK-Khadi India | Samant Chauhan,’ led by the Fashion Design Council of India (FDCI). This not-for-profit organization, which nurtures over 400 designers, has been instrumental in promoting Indian fashion globally. The collection presented in Moscow celebrated India's cultural richness while embracing sustainability, with Khadi, a handwoven, eco-friendly fabric taking center stage.
Indian designers masterfully blended traditional craftsmanship with contemporary aesthetics, demonstrating the versatility and enduring appeal of their heritage. Their creations resonated with international audiences, reinforcing the global fashion industry's increasing shift toward ethical, sustainable production. By integrating Khadi into high-fashion collections, Indian designers underscored their commitment to responsible luxury, aligning with the broader industry push for environmentally conscious fashion.
A global platform for creativity
The event featured an array of collections from both Russian and international designers, showcasing the latest trends and innovations. Indian designers used this opportunity to highlight the depth and diversity of their craft, drawing inspiration from India’s rich textile traditions while incorporating modern silhouettes and techniques. Their participation not only broadened the scope of the event but also deepened the cultural dialogue between India and Russia.
Beyond runway showcases, Moscow Fashion Week included lectures and discussions on key industry topics, offering insights into fashion business strategies and design evolution. The global perspective was further emphasized through the World Fashion Shorts festival, held at the Artplay Design Center. This cinematic showcase featured short films from Argentina, Germany, Mexico, Russia, the United States, the Philippines, and South Africa, reflecting the interconnected nature of the fashion world.
Strengthening cross-cultural ties through fashion
The presence of approximately 200 industry professionals, including designers, stylists, buyers, and journalists, highlighted Moscow Fashion Week’s role as a significant networking hub. Indian designers not only gained exposure but also fostered collaborations that could expand their reach in international markets.
As the event concluded, it reinforced the importance of fashion as a universal medium for cultural exchange. The participation of Indian designers served as a testament to their evolving role in shaping global trends. By merging tradition with innovation and sustainability, they positioned themselves as key players in the future of ethical, high-fashion design. Moscow Fashion Week, in turn, continued to establish itself as an essential stop on the international fashion calendar, bridging diverse creative perspectives from around the world.
Bangladesh is strategically pursuing cotton imports from the United States to mitigate the risk of increased tariffs from the country, said Md Touhid Hossain, Foreign Affairs Adviser at a workshop focused on boosting domestic cotton cultivation.
This initiative will help foster a trade relationship that discourages the US from imposing additional tariffs on Bangladeshi goods, particularly ready-made garments, he added.
Imposition of tariffs by the US on various countries since the advent of Trump administration, and while Bangladesh has yet to face additional levies poses risks for the country, Hossain acknowledged
Bangladesh’s strategy of importing cotton from the US is seen as a diplomatic move to strengthen trade ties and reduce potential future trade barriers.
The Bangladesh Government also plans to classify cotton as an agricultural product and offer subsidies to encourage domestic cultivation, thereby reducing dependence on imports. Hossain pledged a decision on this matter within three months.
Furthermore, Hossain urged the National Board of Revenue (NBR) to eliminate the 4 per cent advance income tax (AIT) on locally produced cotton. Addressing Bangladesh's scheduled graduation from Least Developed Country (LDC) status in 2026, Hossain dismissed calls for postponement, emphasizing the need for businesses to prepare. He expressed confidence that the three-year grace period following graduation, during which duty-free benefits will continue in regions like the European Union, will provide sufficient time for necessary adjustments.
Regarding the pursuit of GSP Plus benefits from the EU, Hossain affirmed Bangladesh's commitment to meeting the required conditions, ensuring continued favorable trade access post-graduation. The focus is on preparing for the future, rather than delaying inevitable transitions, to maintain and enhance Bangladesh's position in the global market, he said.
Apparel Group’s brand R&B plans to expand its presence in Gulf Corporation Council (GCC) region by opening 250 stores by 2025-end.
R&B currently operates 149 stores in the GCC. It recently opened stores at Reem Mall in Abu Dhabi, Silicon Central in Dubai, Al Hayat Mall in Bahrain, City Centre Muscat and Safeer Mall in Oman, Jouri Mall and Mujan Park in Saudi Arabia, and Downtown Souq in Al Khor, Qatar.
It plans to open stores in Bawabat Al Sharq Mall in the UAE, a flagship 40,000 sq f store in Marina Mall in Kuwait, etc.
R&B recently launched its R&B Ramadan Festive Collection offering elegant, charming, and vibrant styles for every iftar, suhoor, and special gathering. Designed with the latest trends in clothing, footwear, and accessories for men, women, and children, this collection seamlessly blends tradition with contemporary style.
For women, the collection offers beautifully designed floral dresses and coordinated sets perfect for Ramadan evenings. It offers a sophisticated line of printed shirts and unique crochet for men.
The collection also includes a kidswear range featuring carefully designed pieces – sequined floral dresses for girls and lightweight, comfortable attire for boys, each piece crafted to make every celebration special.
R&B’s Ramadan Collection 2025 is available at all R&B stores in the GCC, online at www.randbfashion.com, and showcased across social media.
Record growth in attendance and exhibitors
The Vietnam International Trade Fair for Apparel, Textiles, and Textile Technologies (VIATT) 2025 concluded successfully, further solidifying its role as a key trade platform for the global textile industry. The second edition, held from 26-28 February 2025, saw over 19,000 visits, reflecting a 10 per cent rise from 2024, with attendees from 70 countries and regions. Additionally, the exhibitor count grew to 463 from 24 countries, marking a nearly 13 per cent increase. The fair introduced new zones and a pavilion, emphasizing Vietnam’s advancement in textile innovation and sustainability.
Hosted by Vietnam’s Ministry of Industry and Trade (MOIT), the event reinforced Vietnam’s strong presence in the global textile sector. Deputy Minister Phan Thi Thang highlighted the industry’s key role in exports, contributing 12-16 per cent of Vietnam’s total turnover. She noted that Vietnam’s 17 free trade agreements (FTAs) are expected to drive textile exports to $48 billion by 2025. Wilmet Shea, General Manager of Messe Frankfurt (HK) Ltd, praised the show’s success, especially with the introduction of the European Zone and India Pavilion, which enhanced international collaboration and business opportunities.
Showcasing innovation and sustainability
VIATT 2025 placed a strong focus on sustainability and technology, aligning with global trends. The new Innovation and Digital Solutions Zone and Econogy Hub emerged as key highlights, displaying cutting-edge advancements in eco-friendly textiles. Exhibitors in the Econogy Hub reported increased interest in recycled fibres and sustainable materials, particularly from Japan and Europe.
The European Zone showcased high-quality textiles from France, Portugal, and the UK, highlighting premium craftsmanship and sustainable production. Daniel Connolly of the UK Fashion and Textile Association (UKFT) underscored Vietnam’s rapid consumer growth and technological investments, citing the UK-Vietnam free trade agreement as a driving force for stronger business ties.
Exhibitors praised the fair’s ability to attract serious buyers. Representatives from China’s Shaoxing Sunsmile Textile Co Ltd and Vietnam’s Muye Home Fashion noted the high-quality visitors and growing demand in Southeast Asia. Meanwhile, US-based Inkcups introduced its sustainable tagless printing technology, attracting strong interest from various sectors.
Global buyers and industry insights
The fair drew nine buyer delegations from Europe, the US, and Asia, with VIP buyers from major brands like Adidas, Nike, IKEA, and ZARA. Buyers highlighted the show’s diverse sourcing options, with strong interest in eco-friendly materials and high-quality textiles.
Alongside business transactions, VIATT 2025 hosted 11 seminars and panel discussions, covering design trends, business strategies, and technological innovations. Key events included the Interior Design Roundtable on sustainable smart textiles and the Vietnam Investment Summit, fostering trade between China and Vietnam. A seminar on sustainable fashion, led by Redress, featured insights from enterprises like ECOSOI and Passi, emphasizing eco-conscious production.
Fashion shows and parades from Vietnamese, Thai, Taiwanese, and French designers showcased sustainable and functional fashion. Hands-on workshops, including macrame weaving, engaged attendees, reinforcing the fair’s role as a hub for creativity and knowledge-sharing.
Speakers at the event echoed the industry’s shift towards sustainability and digital transformation. Ngoc Thu Le of Redress highlighted the need to educate consumers on sustainable fashion, while Calvin Wong of AiDLab noted strong interest in AI-driven textile inspection solutions. With growing participation and a forward-looking approach, VIATT continues to strengthen Vietnam’s position as a global textile powerhouse.
Nearing complete liquidation of its operations, Select Fashion plans to shut down 35 stores across the UK. The company has reportedly engaged consultants to oversee its liquidation process.
The retailer had already shut down stores across 35 locations by March 14, continuing a process that began earlier in the year. The company’s liquidation process is being managed by restructuring specialist Moorfields as per a voluntary arrangement signed last year.
The impending financial collapse of the company is likely to leave employees without severance pay. This situation follows Select Fashion's previous administration collapse in 2019, from which it was rescued by Genus UK.
Currently owned by Cafer Mahiroglu, Founder and CEO, Select Fashion reported a pre-tax loss of $1.43 million for the year ending February 2023 in its latest financial year results.
Select Fashion joins a growing list of retail failures in recent years, including Quiz, which entered administration last month. That move resulted in the loss of approximately 200 jobs and the closure of 23 locations.
In the first eight months of the fiscal year 2024-25, Bangladesh's apparel exports to key markets like the EU, the US, and Canada registered a double digits growth as demand from major brands and retailers increased.
As per data from the Export Promotion Bureau (EPB), Bangladesh's RMG exports grew by 10.64 per cent globally, reaching $26.79 billion during the period spanning July 2024-February 2025.
Most of these exports were directed to the European Union, which absorbed 50.10 per cent of the total RMG exports, valued at $13.42 billion. Exports to the US reached $5.06 billion constituting18.91 per cent share, and Canada accounted for 3.16 per cent share with exports reaching $845 million. Exports to another significant market, the UK grew to $2.93 billion, representing 10.94 per cent of the total.
In terms of growth, EU exports rose by 11.53 per cent Y-o-Y, while the US saw a robust 16.38 per cent increase, and Canada grew by 14.12 per cent.
The UK, however, experienced a more modest 3.74 per cent growth.
Within the EU, Germany is the largest destination ($3.38 billion), followed by Spain ($2.35 billion), France ($1.43 billion), Italy ($1.05 billion), Poland ($1.13 billion), and the Netherlands ($1.43 billion). Notable growth was seen in Germany (11.03 per cent), the Netherlands (25.06 per cent), Poland (12.06 per cent), Denmark (14.58 per cent), and Sweden (21.12 per cent).
Exports to non-traditional markets also showed growth, with a 6.23 per cent overall increase, totaling $4.52 billion. Japan led these markets with $839 million in imports, followed by Australia ($582 million) and India ($478 million). Exports to Turkey ($305 million) and Mexico ($229 million) were also substantial.
Specifically, exports to India increased by 18.58 per cent, Mexico by 25.14 per cent, and Turkey by 32.20 per cent. While exports to Japan, Australia, India, Turkey, and Mexico were positive, shipments to Russia, Korea, the UAE, and Malaysia declined.
Mohiuddin Rubel, Former Director, BGMEA, attributes this growth to shifting global trade dynamics, offering Bangladesh opportunities if it strengthens its production capabilities. He emphasizes on the need to invest in backward linkages to maintain RMG sector competitiveness.
Highlighting the continued importance of the EU and US markets, Rubel points out to the potential for growth in non-traditional markets. Diversifying into these regions could lessen the reliance on traditional destinations, he emphasizes.
Nyan Kids, a leading Singapore-based babywear manufacturer and subsidiary of NK Group, has adopted Coats Digital’s GSDCost solution to streamline production, improve cost accuracy, and enhance global competitiveness. The move aims to tackle operational inefficiencies, including cycle time inaccuracies, inefficient Standard Minute Value (SMV) settings, and excessive overtime costs.
With three factories in Cambodia, over 4,000 workers, and 3,500 sewing machines, Nyan Kids produces more than 3.1 million garments monthly for major brands such as Gap, Old Navy, and Carter’s. The adoption of GSDCost marks a strategic step towards eliminating inefficiencies caused by manual processes.
“Adopting GSDCost is a transformative move for Nyan Kids. The solution provides accurate benchmarks for planning and costing, significantly reducing inefficiencies. We are confident this will boost productivity, improve pricing, and strengthen customer alignment,” said Norman S Sorizo, IE Supervisor, Nyan Kids.
By leveraging GSDCost, the company will gain data-driven insights to optimise production, identify unnecessary motions, and ensure precise scheduling. This transition is expected to reduce unplanned overtime, enhance efficiency, and improve overall output quality.
Coats Digital’s GSDCost is an industry-recognized solution that enables brands and manufacturers to establish 'International Standard Time Benchmarks' using predefined motion codes. It fosters a transparent, collaborative, and sustainable supply chain by supporting accurate cost predictions and data-driven negotiations.
Noemi Echague, Training & Productivity Consultant at Coats Digital, expressed enthusiasm for the partnership: “We are thrilled to support Nyan Kids in achieving operational excellence. GSDCost will empower its teams with a structured approach to productivity improvement, delivering tangible benefits such as cost savings and on-time deliveries. We look forward to working closely with Nyan Kids to ensure its continued leadership in the global babywear industry.”
Nuralkhan Kusherov, the Akim (Governor), Turkestan Region, Kazakhstan, has directed regional department heads and district and city akims to increase efforts to attract investments to the region.
As part of this initiative, Yerlan Nurmakhanov, Governor, Baidibek, Turkestan region, presented plans for the construction of a new cotton processing complex in the district. The project will help boost the cotton processing industry in the region.
Work on the project has commenced with fencing of the plot. Developers of the project plan to organize the production processes using modern technologies, as per a report.
The district's Akimat is supervising the investment project and taking steps to ensure it is completed on time and to a high standard.
Being developed by the Kazakhstani company ‘Amanat Agro Holding,’ the project entails an investment of 2.7 billion tenge (approximately $5.4 million). The complex will process 60,000 tons of raw cotton annually. Once completed, the project will create 60 new jobs (per shift).
Following a strong growth in January, India's textile and apparel (T&A) exports experienced a slight dip in February 2025.
T&A exports during the month declined by 2.27 per cent to $3.216 billion. However, they increased by 7.19 per cent to $33.217 billion in the first eleven months of FY2024-25.
Apparel exports increased by 3.97 per cent to $1.534 billion in February, while textile exports declined by 7.35 per cent to $1.681 billion during the month. Over the eleven-month period, India’s apparel exports rose by 10.71 per cent to $14.458 billion from $13.059 billion in the same period of the previous fiscal year. On the other hand, textile exports grew by 4.63 per cent to $18.759 billion in the first eleven months of FY25, compared to $17.928 billion in the same period of the previous year.
Within the textile sector, exports of cotton yarn, fabrics, made-ups, and handloom products increased modestly by 3.29 per cent to $10.938 billion in the first eleven months of this fiscal year. Exports of man-made yarn, fabrics, and made-ups rose by 4.54 per cent to $4.432 billion, while carpet exports saw a significant increase of 12.52 per cent to $1,403.97 million.
On the other hand, exports of cotton yarn, fabrics, made-ups, and handloom products in February 2025 declined by 4.41 per cent to $981.80 million, while exports of man-made yarn, fabrics, and made-ups declined by 8.36 per cent to $395.65 million. Carpet exports, however, increased by 4.87 per cent to $118.87 million.
Imports of raw cotton and waste increased by 107.38 per cent to $1,140.28 million during April–February 2025, compared to $549.86 million in the same period of the last fiscal year. Imports of textile yarn, fabrics, and made-ups increased by 7.83 per cent, rising from $2,116.74 million to $2,282.50 million during the period.
In February 2025, imports of raw cotton and waste saw a dramatic increase of 217.72 per cent, from $31.43 million to $99.86 million. Similarly, imports of textile yarn, fabrics, and made-ups rose by 6.38 per cent to $196.87 million in February.
India’s imports of raw cotton and waste were valued at $598.63 million in FY24, a 58.39 per cent decrease from $1,439.70 million in the previous fiscal year. Imports of textile yarn, fabrics, and made-ups also declined by 12.98 per cent to $2,277.85 million, compared to $2,617.74 million in FY23.
