Caleres has reported net sales of $658.5 million in Q2 FY25, down 3.6 per cent YoY, with Famous Footwear and Brand Portfolio sales declining 4.9 and 3.5 per cent, respectively.
Gross margin fell 210 bps to 43.4 per cent, and net income dropped to $6.7 million.
The company achieved $15 million in annualised cost savings and completed the Stuart Weitzman acquisition.

Despite export challenges from US tariffs, Surat’s gem and jewellery sector anticipates a domestic demand surge fueled by recent GST reforms. The GST rationalization, including exemptions for diamond imports and reduced rates on packaging, aims to lower costs and boost consumption.

The government’s GST rate rationalisation for the textile sector aims to boost the industry towards a $350 billion target by 2030. Key changes include reduced GST on garments and fibres, making apparel more affordable and correcting the inverted duty structure.

Raymond Lifestyle will lower prices on some clothes after the Indian government reduced consumption tax. This makes Raymond one of the first to respond to the tax cut. The price reduction will be effective from September 22. The company will also lower prices on some items to bring them under the reduced tax bracket.

Adidas and BAPE have unveiled a September football collection fusing streetwear with sport.
The line features Predator Elite and F50 Elite cleats in bold ABC CAMO designs, apparel with jerseys and tights, and accessories including a BABY MILO bag.
BAPE also reimagines the Samba with unique detailing.
The campaign stars Brazilian legend Marcelo Vieira, symbolising football’s global community.

Bata India has launched its “Bata Price Promise” initiative, proactively implementing the GST rate cut on footwear priced below Rs 1,000 before the official rollout. Prices at Bata outlets now reflect a 7% reduction, with the company absorbing the difference to provide immediate savings to customers. This move aims to make festive shopping more affordable and accessible.

For the Bengaluru-based company, which announced its first results after listing on the Indian bourses, total expenses during the quarter rose 29% to Rs 538.4 crore, led by a 51% jump in employee benefit costs to Rs 62.9 crore.

Giorgio Armani, the iconic Italian designer and founder of the Armani Group, has passed away at the age of 90. He remained actively involved in his company until his final days, leaving behind a legacy of minimalist elegance and independence. Armani’s family and long-time employees are committed to carrying forward his vision and values, ensuring the continued success of the brand.

Skechers has opened its largest factory mall store at Dolphin Mall, Miami, spanning 26,017 square feet.
The immersive Skechers World of Sports features racetracks, courts, and digital displays, offering performance and lifestyle footwear, apparel, and accessories.
The August 29 launch, attended by athlete Julius Randle, highlights Skechers’ global expansion of its performance retail concept.

Brand Studio Lifestyle aims to expand its offline presence to 75 exclusive brand outlets by March 2026, complemented by shop-in-shop setups in 600 large format stores. Highlander and Tokyo Talkies recently launched a 12,000 sq. ft. flagship store in Bengaluru, marking their 40th outlet since entering the offline market in February 2024.