The Indian government has introduced QCOs to curb substandard footwear imports, aiming to protect the domestic industry. Announced by Commerce & Industry Minister Piyush...
2024-10-31read more >
Page Industries reported a 2.6 per cent YoY increase in sales volume for Q1 FY25, reaching 57.4 million pieces. Revenue rose by 3.9 per cent to ₹12.775 billion (~$152.24...
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China remains the top supplier of woven sportswear to the UK, but its share dropped below 25 per cent, closely matched by Bangladesh at 22.38 per cent. Other significant suppliers include Turkiye, Sri
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Macy's Media Network expanded its retail media with Rokt, leveraging AI to deliver personalised post-purchase offers. This partnership boosts customer engagement by presenting...
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Under Armour reported a 10 per cent YoY revenue drop to $1.2 billion in Q1 FY25. North America revenue fell 14 per cent, and international revenue declined 2 per cent. Wholesale...
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HanesBrands reported Q2 FY24 net sales of $995 million, down 4 per cent YoY. Gross profit was $307 million with a 30.8 per cent margin. Adjusted gross profit rose 11 per...
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A faction of members of Bangladesh trade body BGMEA has demanded the dissolution of the current board of directors, saying it lacks confidence in the board due to the controversial...
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Aramark reported Q3 FY24 revenue of $4.4 billion, up 8 per cent YoY, with organic revenue growing 11 per cent. Operating income increased 22 per cent to $162 million, and...
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Professor Muhammad Yunus, chief adviser of the interim government in Bangladesh, recently urged domestic garment manufacturers not to mix business with politics as it does...
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India's Rich Ams will exhibit its high-quality garments and home décor accessories at Booth #84118 at Sourcing at Las Vegas, to be held from August 19-21, 2024. The company,...
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At a recent BGMEA-organised meeting with the Bangladesh Army's GOC 9th Infantry division, representatives from FBCCI, BTMA, and other business organisations discussed improving...
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India's leading fashion retailers showed mixed results in Q1 FY25. Shoppers Stop saw a 5 per cent sales rise. Raymond Lifestyle reported an 8 per cent revenue decline, while Reliance Retail posted
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China Lilang reported a 7.3 per cent year-on-year increase in sales revenue for H1 FY24, reaching RMB 1,600 million ($220 million), driven by strong performance in smart casual...
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Cambodia's apparel exports surged by 18.9 per cent to $5.31 billion in January-July, representing 35.99 per cent of the country's total foreign income. Knitted apparel exports rose by 14.1 per cent,
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Bangladesh's FY24 garment exports were around 3.2 times of India's, but this ratio was 2.5 times in Q1 FY25, reflecting India eating into the share of Bangladesh, CareEdge...
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South Africa will temporarily impose value-added tax on low-value parcels to raise its apparel industry's competitiveness. The customs department offers a concession for...
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Allbirds reported a 27.2 per cent drop in net revenue to $90.9 million for H1 FY24, with a slight improvement in net loss to $46.5 million. Gross margin rose to 49 per cent...
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United Arrows reported Q1 FY25 sales of ¥35.495 billion (~$240.7 billion), up 10.4 per cent YoY. Operating profit rose 10.6 per cent to ¥2.768 billion, while ordinary profit...
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Amer Sports reported a 16 per cent revenue increase in Q2 FY24, reaching $994 million, with even stronger growth of 18 per cent on a constant currency basis. Despite an...
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GU, a UNIQLO sister brand, will open its US flagship, GU NY SOHO, at 578 Broadway, NYC, on 19 September 2024, alongside launching its US e-commerce site. The store will...
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A BGMEA delegation recently urged the new chairman of the Bangladesh National Board of Revenue to simplify and speed up customs-related services, especially for speedy clearance...
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H&M Group will close Afound by autumn due to insufficient demand and a trend of brands favouring their own sales channels. Operations will wind down over the coming months,...
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Adidas Originals and Edison Chen unveil the updated CLOT Gazelle in linen khaki and blue, alongside the first global CLOT August Collection. Inspired by Chen's travels and...
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Unified Commerce Group (UCG) has expanded its portfolio by acquiring GREATS Inc., a premium sneaker brand, and investing in Utah-based womenswear retailer Böhme. UCG, founded...
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Delta Galil reported a 4 per cent sales increase to $922.2 million in H1 FY24, with Q2 FY24 sales up 6 per cent to $471.4 million. The company achieved record gross margins...
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