India’s gold demand experienced a 10% decline in the June quarter due to rising prices, impacting jewellery purchases and prompting the World Gold Council to revise its 2025 demand projection downward.

Turkiye’s apparel exports fell 6.91 per cent YoY to $7.94 bn in Jan–Jun 2025, with June alone down 8.94 per cent.
Knitted and non-knitted apparel declined 4.5 per cent and 10 per cent, respectively.
Imports of cotton textiles (HS 52) rose 2.6 per cent in H1 2025.
Full-year 2024 apparel exports slipped 4.47 per cent, continuing the downtrend from 2023 and 2022.

Uniqlo is set to open new stores in Fall 2025 across Canada, including its first in Victoria and additional locations in Calgary, Edmonton, and Quebec City, expanding its total presence to 37 stores.
The move reflects rising demand for its LifeWear range and underscores the brand’s commitment to community-focused growth and innovative, high-quality everyday clothing.

Bangladesh Commerce Secretary Mahbubur Rahman, in Washington for tariff-related talks, is still optimistic that US tariffs on goods from his country would significantly reduce.
The 35-per cent additional US tariffs on Bangladesh will take effect tomorrow, while the third round of talks concluded yesterday without any breakthrough.
The RMG sector would be hit the hardest if the new tariffs take effect.

Kontoor Brands has elevated Jenni Broyles to EVP, chief commercial officer and global head of brands, and Joseph Alkire to EVP, CFO and global head of operations.
Both report to CEO Scott Baxter.
Tom Waldron will exit the company after a transition ending September 30.
CEO Baxter praised the leadership team’s depth and vision for driving long-term growth.

Skechers Basketball has launched the SKX Full-Court Press, a performance-driven low-top shoe designed for speed, stability, and comfort.
Debuted by WNBA star Rickea Jackson, the shoe features Skechers Move Foam, a TPU Versa Wing for stability, and Goodyear rubber traction.
It’s available online, in select Skechers stores, and via global retailers.

US President Donald Trump announced 25 per cent tariff on Indian imports starting Friday.
New tariff has sparked concern among Indian exporters, especially in the textile and apparel sector.
Meanwhile, India’s Ministry of Commerce and Industry reportedly responded with a measured tone, reiterating its commitment to securing a balanced and fair trade deal with the US.

Joyalukkas has obtained a AED 500 million working capital facility from Emirates NBD to fuel its expansion plans across the UAE and into international markets like the UK, USA, Canada, and Australia. This revolving credit facility will provide the jewellery retailer with flexible access to capital for inventory management and supplier payments, particularly during peak trading periods.

French menswear brand Celio sees leadership changes in its India operations. This follows the departure of CEO Satyen Momaya. Francois Gomez is the new Chief Operating Officer. He will handle business strategy and operations. Nidhi Raj joins as Chief Brand Officer. She will manage product, design, and marketing. Manoj Bathija continues as Head of Sales & Operations.

The India-UK Comprehensive Economic Trade Agreement (CETA) is expected to boost India’s technical textile exports to the UK to $1 billion by 2030, from the current $240 million. The agreement grants 100% duty-free access for Indian exports, giving India a competitive advantage over China. MATEXIL will provide support to help Indian exporters capitalize on the opportunities.