US luxury spending falls for third month as wealthy shoppers turn cautious ahead of midterms

US credit card spending on luxury brands fell by 6% from a year earlier in September. This marked the third consecutive monthly decline leading up to the midterm elections. Analysts indicated that prolonged weakness in China and economic challenges affected luxury demand in the US. Spending on leather goods improved, while watches and jewellery saw further deterioration in sales.

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Crocs puts India on global priority list, steps up stores, sourcing and product play

Crocs has elevated India to a tier 1 market, marking a significant focus for its global operations. The company is experiencing strong growth in India, with double-digit growth reported in recent quarters. Expanding its retail footprint and product offerings is a key strategy for Crocs in India. Additionally, Crocs is increasing its manufacturing capacity in India as part of its global supply chain.

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$5,059 freight gap meets tariffs: What really decides Asian sourcing?

Asian apparel sourcing is being reshaped by a $5,059 per FEU gap between routes to the US West Coast and North Europe, enough to erase narrow FOB advantages.
January-July 2026 data show China, India and Vietnam fared better in Europe, while Cambodia grew 10.9 per cent in the US despite higher freight.
Tariffs, EU preferences, product mix, lead times and Suez risk now decide competitiveness.

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Japan’s Sanyo Shokai maintains FY27 profit plan after H1 loss

Japan’s Sanyo Shokai maintained its FY27 plan despite a wider H1 loss, targeting ¥60 billion (~$379.79 million sales).
H1 net sales fell 4 per cent YoY to ¥25.95 billion (~$164.26 million); operating loss widened and gross margin slipped to 60.4 per cent.
Recovery rests on 11 per cent September retail sales growth, tighter markdowns, full-price selling and e-commerce expansion.

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BrilliA buys majority stake in Malaysian lingerie brand Neubodi

BrilliA has acquired a majority equity interest in Malaysian lingerie brand and speciality retailer Neubodi, effective August 1, 2026.
The deal moves the intimate apparel service provider beyond B2B supply and design into consumer-facing speciality retail in Southeast Asia.
Neubodi adds 11 stores, e-commerce and social channels; management targets about $3 million in 2026 net sales.

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