Luxury e-tailer Ssense, founded in Montreal, is seeking bankruptcy protection under Canada’s Companies’ Creditors Arrangement Act after its primary lender initiated a sale process without consent. The move was also influenced by the recent closing of the de minimis loophole, imposing tariffs on goods imported to the U.S. The company aims to restructure, rebuild U.S.

Gold and silver prices hit record highs, impacting consumers. Gold reached Rs 102388 per 10 gm, and silver hit Rs 117572 per kg. Investors are watching a key inflation report that could influence the US Federal Reserve’s interest rate decisions. Concerns about the Federal Reserve’s independence and a weaker US dollar are supporting gold prices.

Sri Lanka’s apparel exports are expected to witness renewed momentum following the UK’s announcement of liberalised trade rules under its revamped Developing Countries Trading Scheme (DCTS).
The new rules of origin will permit Sri Lankan manufacturers to source up to 100 per cent of garment inputs from any country while maintaining duty-free access to the UK.

India accounted for less than 2 per cent of Japan’s garment imports in January–June 2025, with shipments worth $171.4 million, up 13 per cent year-on-year.
Despite growth, India retained ninth rank among suppliers, as Japan imported apparel worth $11.4 billion in the period.
India fared better in home textiles, supplying $46.6 million (2.27 per cent), while ranking tenth in fabrics at $10.2 million.

Trump Organization merchandise sales grew to more than $3 million in 2023.
Unofficial sales may rival, or even surpass official volumes.
The scale and longevity of MAGA’s retail arm are exceptional.
Made in USA claims difficult to guarantee in multi-tiered supply chains.
The MAGA brand illustrates how politics and retail converge, creating parallel economies.

Dick’s Sporting Goods has posted record Q2 FY25 results with net sales up 5 per cent to $3.65 billion and comparable sales rising 5 per cent.
Net income reached $381 million, while EPS grew to $4.71.
The retailer ended with 889 stores, raised FY25 EPS guidance to $13.9–14.5, and expects 2–3.5 per cent comp growth, supported by strong execution and the pending Foot Locker acquisition.

Despite rising prices, India witnessed a slight increase in physical gold demand as jewelers prepared for the festive season, with premiums reaching $4 per ounce. Conversely, China experienced subdued activity due to high prices and a lack of import quotas.

Spinnova signed binding deals to acquire all shares of Woodspin Oy and Suzano Finland Oy from Suzano S.A. for €2 (~$2.33), gaining full control of Spinnova fibre operations.
Suzano will contribute €5 million before exiting.
The joint venture ends, giving Spinnova licensing freedom.
Woodspin remains suspended, but Spinnova now owns the only large demo facility producing fibre from pulp to bale.

Castore has acquired 100 per cent of British brand Belstaff from Ineos on a debt-free, cash-free basis.
As part of the deal, INEOS will make a strategic investment in Castore.
The partnership aims to accelerate growth by combining Castore’s digital retail, supply chain and sports partnerships with Belstaff’s heritage positioning, while strengthening both brands’ presence in premium categories.

Abercrombie & Fitch has posted Q2 FY25 net sales up 7 per cent to $1.2 billion, led by Americas and APAC offsetting a 1 per cent EMEA dip.
Hollister rose 19 per cent to $656.7 million, while Abercrombie fell 5 per cent to $551.9 million.
EPS was $2.91.
Operating margin improved to 17.1 per cent.
The retailer raised FY25 outlook to 5–7 per cent sales growth and EPS of $10–$10.5.