US President Donald Trump today, in a social media post on his Truth Social Account, announced 25 per cent tariffs on India starting August 1.

Gap Inc has appointed Maggie Gauger as global brand president and CEO of Athleta, effective August 1, 2025, succeeding Chris Blakeslee.
Gauger brings over 20 years of leadership experience from Nike, where she led the North America Women’s Business.
Her expertise in sport, style, and consumer engagement will steer Athleta’s next growth phase.

Adidas has posted a strong H1 2025 results, with €12.1 billion (~$14.036 billion) in net sales (up 14 per cent currency-neutral), a 70 per cent rise in operating profit to €1.2 billion (~$1.39 billion), and net income more than doubling to €811 million (~$940.76 million).
Q2 also showed robust growth across regions and categories.
Despite US tariff risks, Adidas maintained its full-year outlook.

Littlebox, a Gen Z-focused fashion startup, has secured Rs 17.5 crore in a seed funding round co-led by Huddle Ventures and Prath Ventures. The company, known for its appearance on Shark Tank India Season 3, intends to use the funds to expand its category offerings, improve logistics and user experience, and scale its marketing efforts.

Rocky Brands’ Q2 2025 net sales rose 7.5 per cent YoY to $105.6 million, led by retail and wholesale growth.
Gross margin improved to 41 per cent.
Net income reached $3.6 million, reversing a loss last year.
Interest expense and debt declined.
CEO Jason Brooks cited strong brand demand and pricing actions, while remaining cautious amid macro uncertainty.

Sri Lanka’s apparel and textiles exports rose 3.71 per cent year-on-year in June 2025 to $463.12 million, with first-half exports reaching $2.6 billion—up 8.19 per cent from 2024.
Apparel alone saw 5.2 per cent monthly and 8.95 per cent half-yearly growth, driven by strong gains in the EU and UK, which offset US declines.
The sector contributed nearly 40 per cent of total merchandise exports.

New Zealand’s apparel imports rose 5.13 per cent YoY to NZ$1.04 billion (~$622 million) in H1 2025, driven by strong growth in knitted clothing.
June imports alone grew 8.87 per cent. Textile fabric imports also rose under Chapter 60, while fabric exports reached NZ$40.76 million in H1.
Full-year 2024 apparel imports were NZ$2.02 billion, with exports of Chapter 60 goods valued at NZ$64.35 million.

Brand Studio Lifestyle is expanding to the Middle East. It will open three stores initially in Dubai and Sharjah. The company plans to launch seven more stores in the Middle East by the end of this fiscal year. Brand Studio Lifestyle will also add 38 stores in India. The company is investing heavily in store expansion and marketing.

Lenskart, through its Singapore subsidiary, will acquire an 80% stake in Spanish eyewear brand Meller. This move aims to broaden Lenskart’s reach in Europe. Lenskart’s Meller acquisition will also target the Gen Z demographic. The deal, valued at approximately Rs 406.93 crore, includes payments to Meller’s investors and founders. This acquisition strengthens Lenskart’s global strategy before its planned IPO.

Arvind, a textile manufacturer, witnessed a 35% surge in first-quarter profit, reaching 532.4 million Indian rupees, as global brands shift sourcing from China to India. Driven by a 14% revenue increase in its core textiles business, the company’s total revenue grew by 10% to 20.06 billion rupees.