Nike unveils the Hypervenom RGN, a modern reboot of its iconic 2013 franchise.
Fusing the original’s Gripskin tech and mesh with the Hypervenom 3 plate, the boot blends heritage with innovation.
Launching in Bright Citrus, it revives the classic orange-black look, appealing to nostalgic fans and next-gen players alike, reinforcing Nike’s legacy in football performance gear.

Smartwatch shipments in India have declined for five consecutive quarters, dropping 33% year-on-year in Q1 2025. The industry is shifting from budget devices to premium features, with fewer new models being launched. Experts predict a correction year, focusing on the ₹5,000-10,000 price segment, expecting a slight shipment growth by year-end after a significant drop in 2024.

South Korea’s apparel imports from Vietnam rose 2.09 per cent year on year to $928.961 million in Q1 2025, with Vietnam holding a 30.42 per cent share of total imports.
Despite a dip in 2023, imports from Vietnam had shown strong growth since 2020.
Trousers and shorts led the product category, followed by T-shirts and shirts.
Vietnam remains South Korea’s second-largest apparel supplier after China.

Authentic Brands Group is acquiring Dockers’ intellectual property from Levi Strauss & Co. and has named Centric Brands as its operating partner for key categories in the US and Canada.
Known for its legacy in casualwear, Dockers will be expanded globally through Authentic’s licensing network, with plans to scale in LATAM, EMEA, and SE Asia and reimagine the brand for a new generation.

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.