India’s Uttar Pradesh State Industrial Development Authority will set up the state’s first dedicated footwear park in Kanpur to empower MSMEs and boost the sector, Invest UP recently announced on X.
The park will manufacture sports shoes, casuals, sandals, ballerinas, PVC footwear and finished leather goods.
The initiative will reduce start-up costs and set-up time, encouraging entrepreneurs.

Misto Holdings has reported a revenue of 1.24 trillion won (~$892.8 million), up 4.6 per cent YoY in Q1 2025, with operating profit at 162.7 billion won (~$117.15 million).
Acushnet divisions’ revenue rose 8.7 per cent on strong golf product sales.
The Misto division saw 215.7 billion won in revenue, driven by domestic footwear and online DTC growth.
It continues investing in brand value.

Sneaker label Gully Labs, known for its Royal Enfield collaboration, targets Rs 100 crore revenue by FY28. Currently, the brand is projecting Rs 15 crore revenue for this fiscal year. Gully Labs intends to enhance marketing and expand its online and offline presence. Expansion plans include multi-brand outlets in Hyderabad, Kolkata, and Delhi.

Nike will shift some of that work to third-party vendors, the representative said in an email, adding that the changes were announced last week. The representative did not specify how many employees were laid off. It is not immediately clear how many people work in Nike’s technology division.

Foot Locker reported preliminary Q1 2025 results with a 2.6 per cent drop in comparable sales YoY, including a 0.5 per cent decline in North America.
The company expects a net loss of $363 million versus $8 million profit last year.
On a non-GAAP basis, net loss is projected at $6 million.
CEO Dillon cited weak global traffic, but highlighted continued discipline in promotions, inventory, and expenses.

Libas, the apparel brand, has partnered with Zepto to offer quick deliveries of select fashion styles in 10–12 minutes across 50 Indian cities. This move signals Libas’ shift towards fast fashion, leveraging speed and digital access.

Miraggio, a fashion handbag and accessories brand, has secured Rs 55 crore in Series A funding to fuel its expansion plans. The company aims to open 15-20 experiential stores in the next two years and further expand to 40-50 stores in tier-1 and tier-2 cities over the next four to five years.

Gold prices have decreased, leading to more customers visiting jewellery stores. Demand is up for 18-carat and 22-carat jewellery due to the wedding season. US-China trade tensions easing also contributed to the price drop. Jewellers are seeing increased interest in affordable options. Some customers are placing orders early, anticipating future price increases.

India has imposed restrictions on imports of garments and textiles from Bangladesh, addressing long-standing demands from its domestic industry.
The move follows Bangladesh’s earlier restrictions on Indian yarn imports.
Industry leaders expect trade benefits worth ₹1,000-2,000 crore and a reduction in backdoor Chinese fabric entries.
The decision aims to support India’s garment manufacturing sector.

As EU plans to expand its CBAM to include textiles, Indian textiles face growing pressure to meet strict environmental standards.
Despite stable export growth and moderate fossil fuel reliance, India lags behind its competitors in renewable energy use.
To secure EU market access, India must urgently invest in clean energy solutions, modernise infrastructure, and embrace sustainable manufacturing.