UK clothing exports dropped 15.2 per cent YoY to $339 million in June 2025, reflecting weak European demand, higher costs, and Asian competition.
Quarterly and annual data show a persistent decline since 2021, highlighting post-Brexit trade frictions.
Textile fabrics and fibres remain steadier, but diversification and value-added strategies are vital for revival.

Sri Lanka’s Joint Apparel Association Forum hailed the UK’s plan to liberalise rules of origin under the DCTS from 2026, allowing garment makers to source 100 per cent of inputs globally while retaining tariff-free UK access.
The move boosts competitiveness, jobs, and exports, with officials noting stronger trade ties and benefits for brands, consumers, and Sri Lanka’s economy.

Beyond, Inc will rebrand as Bed Bath & Beyond, Inc and trade under ticker BBBY starting Aug 29, 2025.
Led by Marcus Lemonis, the company aims to grow Bed Bath & Beyond, rebuild Overstock to $1 billion, and monetise blockchain assets.
Plans include store conversions, omnichannel expansion, and continued acceptance of legacy coupons.

However, new form factors in wearable technology like smart rings, smart glasses and smart wristbands are finding traction among the customers, according to International Data Corporation’s (IDC) India Monthly Wearable Device Tracker.

BlueStone Jewellery made its stock market debut with shares initially trading below the IPO price of Rs 517, listing at Rs 508.80 on the BSE. However, the stock recovered, climbing to Rs 533.25. The IPO, which was subscribed 2.70 times, aimed to raise Rs 1,540.65 crore.

Bangladesh’s RMG sector, the country’s top export earner, generated $39.35 billion in FY25 and accounts for over 80 per cent of total exports.
Imports of raw materials rose 9.9 per cent to $18.44 billion, with yarn, staple fibre, and textiles seeing strong growth, though raw cotton imports dipped.
Capital machinery imports fell 19.1 per cent, reflecting weaker investment trends.

Broadway India has appointed Sankalp Kathuria as its new CEO. He will lead the experiential retail startup’s next phase. Vivek Biyani will transition to Investor and Chairman of the Board. Kathuria previously worked at Zomato. Broadway plans to expand to Pune and Mumbai. The company will use its tech-enabled retail format. It houses digital-first brands in offline spaces.

After witnessing explosive growth in 2022 and 2023, the smartwatch market in India is now consolidating, primarily due to saturation in the entry-level segment, a report showed on Monday.

Bangladesh, the world’s second-largest apparel exporter, faces a 36.5 per cent total tariff on exports to the US, combining a new 20 per cent reciprocal tariff with an existing 16.5 per cent duty.
However, US rules, specify apparels made with 20 per cent or more US-sourced raw materials may receive partial duty exemption.
Bangladesh’s manufacturers are considering increasing cotton imports from US.

Asics Corporation has reported record H1 2025 results, with net sales up 17.7 per cent to ¥402,798 million (~$2.73 billion) and operating profit rising 37.5 per cent to ¥81,132 million (~$550.3 million).
Growth was led by SportStyle and Onitsuka Tiger across Japan, Europe, and Greater China.
Forecasts were raised to ¥800,000 million (~$5.43 billion) sales and ¥136,000 (~$922.5 million) million profit.