Nike Inc has reported revenue of $11.7 billion in Q1 FY26, up 1 per cent YoY, though currency-neutral revenue slipped 1 per cent.
Nike Brand rose 2 per cent, while direct fell 4 per cent and wholesale gained 7 per cent.
Converse dropped 27 per cent.
Net income fell 31 per cent to $727 million, with EPS down 30 per cent.
Margins weakened amid tariffs and discounts.

Solitario, the innovative lab-grown diamond brand, has unveiled ten exclusive outlets just in time for the vibrant Navratri festivities. Spanning cities like Hyderabad, Indore, Pune, Mumbai, Delhi, and Kolkata, these new stores cater to the rising enthusiasm for ethically crafted, stylish jewellery.

Unless the African Growth and Opportunity Act (AGOA) is renewed, African exporters of agricultural and the light manufacturing industrial products could face shrinking market access to the US, undermining prospects for diversification, UNCTAD recently said.
Small exporting countries specialising in apparel and agricultural products would be among the most affected, it noted.

For Tata CLiQ Luxury, which launched the ‘Pre-Owned Timeless Icons’ category in January last year, crossbody bags have recorded nearly a 2x increase in gross merchandise value this year over last year, said CEO Gopal Asthana. In the pre-owned luxury handbags section, the platform features handbags from brands like Bottega Veneta, Fendi, Gucci and Louis Vuitton. In watches, the platform has timepieces from brands like Omega, Breitling, TAG Heuer, besides others.

PC Jeweller reported a robust 63% year-on-year revenue growth in Q2 FY26, fueled by strong festive demand for gold jewellery. The company significantly reduced its debt by 23% this quarter, aiming to become debt-free by the end of FY226 through planned equity raises of Rs 1,800 crore from promoters and investors.

Turkiye’s apparel exports fell 7.25 per cent YoY to $10.88 billion in January–August 2025, with both knitted (–5.6 per cent) and non-knitted (–9.5 per cent) categories declining.
August shipments dropped 8.67 per cent.
In contrast, imports of woven apparel surged 19.7 per cent in the period.
Rising labour costs and competition from South Asia continue to pressure Turkiye’s textile competitiveness.

Libas has recorded over 1,00,000 orders on the first day of festive sales, registering a 50% jump in sales compared to the same festive period last year. Sidhant Keshwani, Founder & CEO of Libas, said the performance reflects both consumer trust and a balanced channel strategy. GST 2.0 reforms, which lowered tax slabs for mass fashion apparel, provided a boost to festive demand, he added.

Bihar is gaining prominence as an apparel manufacturing hub, with its strategic location near key markets and an abundance of trainable labour driving investor interest.
Bihar’s Industrial Policy 2025 offers financial incentives and land allotments to attract investment.
Infrastructure projects, including the Eastern Freight Corridor, are enhancing connectivity and scalability for manufacturers.

Arvind Fashions has elevated Amisha Jain to the role of managing director and CEO, succeeding Shailesh Chaturvedi, who left the company on September 30. This leadership transition, approved by the board in July, marks a new era for the brand.

Augmont Enterprises, an integrated gold and silver platform, has filed its DRHP with Sebi for an Rs 800 crore IPO, comprising Rs 620 crore fresh issue and Rs 180 crore OFS by promoters.