In 2024, Europe’s apparel imports fell by 7.24 per cent to $208.525 billion amid geopolitical unrest.
China and Bangladesh increased their market shares in apparel, while shares for Turkiye, Germany, and Italy declined.
Home textile imports also decreased, but China expanded its market share.
Fabric imports dropped, with China again boosting its share.

Tailored Brands, Inc has appointed Whit Alexander as executive VP and chief customer officer, effective February 24, 2025.
Reporting to CEO Peter Sachse, he will drive growth through customer insights and marketing innovation.
Previously with McKinsey, Best Buy, and Target, Alexander brings expertise in brand strategy, analytics, and personalisation.
He looks forward to enhancing customer relationships.

Delta Galil has reported sales of $2,045.7 million in 2024, up 10 per cent YoY, with gross profit at $856.3 million.
Gross margin rose to 41.9 per cent due to higher private label and DTC sales.
EBIT reached $169.2 million, and net income grew 11 per cent to $94.6 million.
Q4 sales rose 18 per cent to $599.2 million.
For 2025, sales are forecast at $2,118-$2,165 million, with EPS at $3.92-$4.15.

Gold prices have soared to record highs, negatively impacting jewellery sales in India during the wedding season. Jewellers in India and China offer significant discounts to lure buyers, but demand remains weak due to high prices, affecting both markets significantly.

PN Gadgil Jewellers Q3 Results: P N Gadgil Jewellers reported a 49.4 per cent YoY profit growth in Q3 FY25, reaching ₹86 crore. Revenue rose 23.5 per cent to ₹2,435.7 crore, driven by strong retail, e-commerce, and franchise performance, alongside aggressive showroom expansion.

Wolverine Worldwide has named Brett Parent as chief strategy officer, effective February 3, 2025.
He will lead enterprise strategy, oversee Consumer Marketing, and drive global growth.
With nearly 20 years at the company, Parent played a key role in its turnaround.
CEO Chris Hufnagel praised his leadership, while Parent expressed excitement for advancing the company’s global potential.

Levi Strauss & Co. announced strategic leadership changes to accelerate its shift into a top-tier denim lifestyle retailer.
The company aims to enhance speed, reduce complexity, and foster innovation while prioritising consumer needs.
CEO Michelle Gass emphasised aligning structure with strategy to drive sustainable, profitable growth and solidify Levi’s position as an iconic lifestyle brand.

IndustriALL Global Union is signing agreements with brands sourcing from Cambodia to support collective bargaining for fair wages and improved working conditions in the garment industry.
The agreement promotes collaboration among brands, employers, and workers, ensuring responsible supply chains, better wages, and a functioning dispute resolution mechanism.

India has become the largest single market for Swiss watchmaker Rado, overtaking China amid a luxury bust in the latter. With robust growth in premium sectors, India is filling the gap left by China and attracting several global luxury brands to expand their footprint in the country.

Mehul Choksi, wanted in the PNB scam, claims to be in Belgium for cancer treatment. His lawyer argues against declaring him a fugitive economic offender, as he cannot travel due to his health. Choksi and his nephew Nirav Modi are accused of defrauding the bank of over ₹13,500 crore. The case will be heard again on February 27.