Torrid has reported a 4.9 per cent YoY decline in Q1 FY25 net sales to $266 million, with net income halved to $5.9 million.
Gross margin fell to 38.1 per cent and operating cash flow turned negative at $18 million.
The company plans up to 180 store closures and expects a $40–$45 million revenue hit from pausing China-sourced shoes, but no EBITDA impact.

Lululemon Athletica posted a strong Q1 FY25 with 7 per cent revenue growth to $2.4 billion and international sales up 19 per cent.
EPS rose to $2.60.
For Q2, it projects up to $2.56 billion in revenue and EPS of $2.85–$2.90.
FY25 guidance remains at $11.15–$11.30 billion in revenue and EPS of $14.58–$14.78, despite macroeconomic and tariff risks.

Kering, controlled by family of CEO Francois-Henri Pinault, bought 715-717 Fifth Avenue in January 2024 for $963 million to secure a top retail location in one of the world’s most popular shopping streets.

Trade body DCCI has said that the port store rent exemption only for imported raw materials used in Bangladesh’s readymade garment industry will create disparity among industries.
Without improving the supply chain, proper logistics management at the Chattogram port and sound communication infrastructure, a mere four-fold rise in store rent will raise the cost of doing business, DCCI lamented.

Cambodia has emerged as Japan’s third-largest apparel supplier, rising from fifth position in 2022.
In Q1 2025, Japan imported $433.63 million worth of apparel from Cambodia, marking a 24.06 per cent year-on-year rise.
Cambodia’s share rose to 7.23 per cent of Japan’s total apparel imports.
The two nations are also deepening ties through the new Cambodia-Japan Economic Co-Creation Package.

The Foreign Investors’ Chamber of Commerce and Industry in Bangladesh fears several tax measures proposed in the budget may disproportionately burden individuals and businesses.
It said the rise in minimum tax from 0.6 per cent to 1 per cent for companies would be a threat to SMEs and loss-making firms.
The VAT hike on online sales from 5 per cent to 15 per cent would hamper the e-commerce sector.

Reliance’s R|Elan launches Earth Tee 7.0, designed by Namrata Joshipura and made from recycled PET bottles collected at Lakmé Fashion Week 2025.
Now available to the public via SankalpTaru Foundation, each purchase funds the planting of three trees.
With eco-friendly packaging and seed-embedded tags, it’s more than fashion—it’s climate action.

PVH Corp’s Q1 FY25 revenue has risen by 2 per cent YoY to $1.984 billion, beating guidance.
Non-GAAP EPS was $2.30, while GAAP EPS stood at $0.88 due to a $480 million impairment.
EMEA and Americas grew; APAC declined.
Tommy Hilfiger rose 3 per cent; Calvin Klein was flat.
FY25 EPS guidance was cut to $10.75–$11.00 due to tariffs; Q2 EPS seen at $1.85–$2.00.

Prada has acquired a 10% stake in Italian leather group Rino Mastrotto, signaling its intent to tighten control over its production chain. As part of the deal, Prada will contribute its Conceria Superior and Tannerie Limoges tanneries, along with an unspecified cash investment, to Rino Mastrotto.

The push towards rapid delivery began with quick commerce platforms like Zepto, Swiggy Instamart and Blinkit expanding the categories of products they deliver. These platforms, which were initially focusing on grocery delivery, partnered with brands like Jockey, Manyavar, Puma and Adidas to offer apparel and accessories, although limited to essentials such as innerwear, socks, gym wear, basic tees and track pants.