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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

Inditex H1 net incomes beats analyst’s estimates

Inditex H1 net incomes beats analyst’s estimates

ANALYSIS_ The Spanish textile giant has reported net income for the first half of the year up to 951 million euros, ahead of the 934 million euros average estimate of analysts polled by Bloomberg. Inditex posted a 6 percent rise in sales to 7.7 billion euros in the first half to July 31, also beating forecasts, compare... Read more

Next's Q2 sales “blown” by warm August yet ahead expectations

Next's Q2 sales “blown” by warm August yet ahead expectations

ANALYSIS_British retailer Next Plc. has admitted to have had a “stock blunder” due to a warmer than expected month of August that left the high street fashion brand short on summery clothes. Nevertheless, Next noted a 2.2 percent growth in revenue to 1.68 billion pounds during the first half of its current fiscal year.... Read more

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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

Indorama Q1 net profit up eight per cent

Indorama Ventures’ net profit for the first quarter 2017 has risen eight per cent compare... Read more

Hanes Brands Q1 sales up 13 per cent

For the first quarter ended April 1, 2017, net sales of Hanes Brands increased 13 per cent. Sal... Read more

VF Corp completes licensed sports group business sale to Fanatics

VF Corporation has announced that it has completed the sale of its licensed sports group busine... Read more

Primark profit up 36 per cent

For the half year Primark’s operating profit rose 36 per cent. Sales were up in double-di... Read more

Ralph Lauren downscales, shuts stores

Ralph Lauren is cutting jobs and closing stores. The luxury retailer is moving its e-commerce b... Read more

Li & Fung introduces ‘Supply Chain of the Future’

Li & Fung Limited outlined its next Three-Year Plan (2017-2019) focused on speed, innovatio... Read more

Spain’s textile sector bouncing back

Spain’s textile sector is coming out of the recession. The number of Spanish suppliers of... Read more

Gap posts consistent profits

Gap has been consistently posting gross profit. Earnings per share (EPS) stands at 0.51 for th... Read more

Next profits down three per cent

Next posted a 3.8 per cent drop in pre-tax profits for the year to the end of January. Next is ... Read more

Inditex net profit up 10 per cent

Inditex registered a net profit jump of 10 per cent last year. And the momentum has continued t... Read more

Rieter’s net profit down 14 per cent

In 2016, Rieter’s net profit fell 14 per cent as sales decreased nine per cent. EBIT marg... Read more

Sutlej Textiles expands capacity

Sutlej Textiles and Industries clocked in a turnover of Rs 1,674 crores during the first nine m... Read more

Nitin Spinnners’ quarterly turnover up 30 per cent

For the quarter ended December 31, 2016, turnover for Nitin Spinners has gone up 30.34 per cent... Read more

Picanol’s turnover up 20 per cent in 2016

In 2016, Picanol’s turnover increased 20.8 per cent compared to 2015. Gross profit percen... Read more

Stores boost Primark’s sales figures

Anglo-Irish chain owned by Associated British Foods, Primark’s sales are up 11 per cent c... Read more

VF Q4 business down five per cent in Q4

VF Corporation’s jeanswear business decreased five per cent in the fourth quarter. Earnin... Read more

H&M’s January sales up eight per cent

H&M’s January sales rose by eight per cent. It is targeting an annual local-currency ... Read more

Levi Strauss net revenue up one per cent

Levi Strauss had a net revenue growth of one per cent for the full year and its fourth quarter.... Read more