Indian nightwear exports: Challenges, recovery & future prospects

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The sleepwear sector in India, accounting for 5 per cent of its total apparel exports, has faced fluctuating exports since 2018, impacted by global disruptions and rising cotton prices.
Despite its cotton advantage, India lags in capitalising on this resource.
However, Indian sleepwear market growth is projected for 2024, driven by innovations and market adaptation.

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German brand Adidas’ revenue increases to $7.01 bn in Q3 2024

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Adidas reported a 10 per cent YoY currency-neutral revenue growth in Q3 2024, with euro revenues up 7 per cent to €6.438 billion (~$7.01 billion).
Operating profit rose to €598 million (~$651 million), partly due to Yeezy inventory sales.
Excluding Yeezy, revenue grew 14 per cent. Adidas raised its full-year forecast, expecting 10 per cent growth and €1.2 billion (~$1.3 billion) operating profit.

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UK’s clothing imports drop 11.9% to $1.71 bn in Aug 2024

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In August 2024, the UK’s clothing imports fell by 11.99 per cent year-on-year to £1.313 billion (~$1.715 billion) but saw a monthly increase from July’s £1.178 billion.
Textile fabric and fibre imports also declined compared to 2023.
In Q2 2024, clothing imports were 5.75 per cent lower than the same period in 2023.
UK clothing imports dropped significantly in 2023, down 25.94 per cent from 2022.

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Nike leads in apparel & footwear category among US teens: Survey

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Nike retained its top spot as the leading brand for teens in the US in both apparel (33 per cent) and footwear (57 per cent), despite a YoY decline, as per a recent survey.
American Eagle and Lululemon tied for second in clothing (5 per cent each), while Adidas ranked second in footwear (9 per cent).
Coach led the handbag category, and Amazon was the top shopping destination.

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US apparel prices rise, but consumer spending shows signs of slowdown

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In September, US CPI for garments rose by 0.6 per cent, nearing pandemic-high levels, though consumer spending on apparel fell by 0.8 per cent.
US consumer confidence dropped, signalling potential cautious spending ahead.
The US labour market showed strength, adding 254,000 jobs in September.
Wage growth is rising again, and global markets show optimism.

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UK clothing-footwear prices up 0.8% YoY, 2.1% MoM in Sept 2024

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UK CPI rose by 1.7 per cent in the 12 months to September from 2.2 per cent in August.
On a monthly basis, CPI was little changed from a 0.5-per cent rise in September 2023.
Clothing-footwear prices rose by 0.8 per cent in the year to September; the rise was 1.6 per cent rise in the year to August.
On a monthly basis, such prices rose by 2.1 per cent compared with a 2.9-per cent rise a year.

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Bloomie’s by Bloomingdale’s to open store in New Jersey in November

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Bloomingdale’s will open its fourth Bloomie’s store at The Grove in Shrewsbury, NJ on November 14, 2024, offering a curated selection of women’s fashion, accessories, beauty, and fine jewellery from top brands.
Celebratory events include a Winter Village on opening day and a Holiday Bash on December 7, featuring exclusive gifts, music, giveaways, and festive activities for guests.

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Rakul Preet Singh suffers back injury after 80 kg deadlift, says “I did not listen to my body”

Health & Fitness

Bollywood actress Rakul Preet Singh, known for her fitness, recently sustained a back injury while performing an 80 kg deadlift without a back belt. On October 5th, the actor experienced a back spasm during her workout but continued training, which aggravated the pain. Sharing a health update with fans, Rakul recently took to Instagram to

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H&M launches premium kidswear Line Adorables at Selfridges London

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H&M has launched a vibrant pop-up store at Selfridges London for its new premium childrenswear line, H&M Adorables.
Featuring high-quality materials and playful elements, the collection is showcased in a wooden, immersive space designed by Open Studio Stockholm.
The store includes cashmere, wool knitwear, and organic cotton pieces, with a news stand and a mascot by artist John Bond as focal points.

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