H&M CEO Daniel Erver emphasizes the need to enhance quality and trendiness of their clothing to stay competitive in the fast-fashion market. The retailer is investing in marketing strategies, including partnerships with pop stars and social media influencers, to attract younger, fashion-conscious consumers and improve market share against competitors like Zara and Shein.

India and Oman are strengthening bilateral ties through the Comprehensive Economic Partnership Agreement (CEPA), now in advanced negotiations.
Despite efforts, textile trade remains minimal.
India’s apparel exports to Oman declined post-2019, reaching $52.253 million in 2024.
Fabric and home textile exports also fluctuated.
Ministers aim to expedite CEPA for enhanced trade and investment.

India’s textile sector faces challenges like limited FDI, reliance on imported machinery, and a preference for cotton over manmade fibre, affecting competitiveness. The industry’s fragmented nature, dominated by MSMEs, increases logistical costs. The Economic Survey 2024-25 highlights the need for technological advancement and skills to turn India into a global textile powerhouse.

Kalyan Jewellers reported a significant 21.23 per cent increase in consolidated net profit to Rs 218.68 crore in Q3 of FY 2024-25, driven by robust sales. Total income rose by 40 per cent to Rs 7,318.19 crore, and the company plans to launch 45 new showrooms in India this quarter.

As the seventh most climate-vulnerable country, Bangladesh needs urgent steps to mitigate risks of job losses, reduced competitiveness and heightened vulnerability to climate shocks, a report commissioned by Laudes Foundation and H&M Foundation said.
A holistic approach is needed to decarbonise, build resilience and secure the long-term competitiveness of the textile and apparel sectors, it noted.

Retail Budget 2025: Despite some positive developments, consumer demand remains subdued in volume terms, and jewellery retailers are calling for further interventions in the upcoming budget.

VF Corporation has reported $2.83 billion revenue in Q3 FY25, a 2 per cent YoY increase.
Net income reached $167.8 million, reversing a $42.5 million loss last fiscal.
The North Face grew 5 per cent, while Vans fell 9 per cent.
Wholesale rose 8 per cent, but DTC declined 3 per cent.
9M revenue fell 4 per cent. For Q4 FY25, revenue is expected to drop 4-6 per cent.

Levi Strauss & Co has reported Q4 2024 net revenues of $1.8 billion, up 12 per cent reported and 8 per cent organically.
Americas, Europe, and Asia saw revenue growth, though Asia’s operating income declined.
DTC sales surged 19 per cent, while wholesale grew 7 per cent.
FY 2024 net revenues hit $6.4 billion (+3 per cent YoY), with net income at $211 million and free cash flow at $671 million.

Raymond Lifestyle reported a 60.5 per cent drop in consolidated net profit for Q3FY25, amounting to Rs 64.17 crore, due to weak market conditions and higher expenses. The revenue stood at Rs 1,754.21 crore with branded textile revenue declining by 6 per cent. Despite challenges, the company opened 61 new stores and continues to focus on sustainable business growth.

The PUMA x Hot Wheels collaboration blends PUMA’s sports heritage with Hot Wheels’ playful spirit, creating a kids’ collection of footwear, apparel, & accessories.
Sneakers like the CA Pro, RS-X, and Suede XL feature racing-inspired details, while hoodies, shorts, and tees showcase 3D appliqués and bold prints.
The collection is highlighted in the Hot Wheels Digital Garage, a futuristic virtual showcase.