Canada Goose reports higher Q1 sales, improved margins

Canada Goose’s Q1 FY27 revenue rose 21 per cent to C$84.8 million (~$60.4 million); losses narrowed and gross margin reached 66.1 per cent.
DTC sales grew 37 per cent on higher store and e-commerce traffic and conversions; wholesale fell 12 per cent as partner demand softened.
The brand kept FY27 guidance at C$1.4–1.5 billion (~$997.5 million–$1.07 billion) and plans four to six DTC stores.

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Myanmar’s apparel exports fall 16.5% in H1, Japan demand holds firm

Myanmar’s apparel exports fell 16.5 per cent year on year to $2.282 billion in January-June 2026 as demand weakened in several key markets.
Japan stayed the largest destination, with shipments edging up to $603.39 million and its share rising to 26.44 per cent.
Top-five market reliance remains high, keeping sourcing and capacity planning exposed to buyer concentration.

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Germany’s Adidas appoints Birgit Kretschmer as next CFO

adidas has appointed Birgit Kretschmer to its Executive Board from September 1, 2026, to succeed Harm Ohlmeyer as chief financial officer (CFO) at year-end after he opted not to extend his mandate.
Kretschmer returns with 25 years at adidas and six as C&A’s CFO, giving the sportswear group finance, vertical retail and operational control experience as Ohlmeyer supports the transition.

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Germany’s Adidas posts record Q2 revenue, raises FY26 sales outlook

Adidas reported record Q2 FY26 revenue of €6.7 billion (~$8.90 billion), up 13 per cent year on year, driven by strong direct-to-consumer growth, robust apparel demand and FIFA World Cup momentum.
Operating profit rose to €574 million, while DTC sales increased 25 per cent.
The company raised its full-year revenue growth forecast to 9–10 per cent despite tariff and sourcing cost pressures.

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Jack orders 2,000 humanoid robots, testing apparel’s labour model

Jack Technology has ordered 2,000 humanoid robots with Siemens to automate difficult sewing tasks, but pilots do not yet show full-line autonomy.
If performance scales across fabrics and styles, robotics could weaken wage-cost advantages in Bangladesh, Cambodia and Ethiopia.
Sourcing teams will track payback, throughput, defects, rival machinery moves and industry responses to judge adoption.

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Vietnam promotes VIS 2026 in Beijing to strengthen trade ties

Vietnam’s Trade Office in China promoted Vietnam International Sourcing (VIS) 2026 at a Beijing conference on July 28 to strengthen trade ties and attract global buyers.
The September event in Ho Chi Minh City will connect Vietnamese exporters with international buyers.
Chinese businesses, retailers, importers and e-commerce firms expressed strong interest in attending and forming long-term partnerships.

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Bangladesh garment bodies seek temporary CNG relief from govt

Two garment trade bodies in Bangladesh have called for temporarily allowing export units to collect CNG in cylinders from filling stations to keep production running.
The request follows an acute gas shortage after the shutdown of a floating LNG terminal at Moheshkhali and Titas instructing filling stations to stop selling CNG in open cylinders or gas cascade cylinders not mounted on authorised vehicles.

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Tariff gaps turn multi-country platforms into apparel’s new edge

PDS and Indonesia’s Busana have formed a six-country apparel sourcing partnership spanning Asia, Central America and Italy.
The model lets brands shift orders as tariffs, costs, capacity and delivery needs change, reducing reliance on single-country suppliers.
US buyers are increasing CAFTA-DR sourcing and favouring strategic vendor consolidation.

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India’s gold demand falls 6 per cent in April-June on weak seasonal demand, higher duty: WGC

India’s gold demand decreased six percent year-on-year during the April-June quarter. This decline occurred despite a significant fifty percent increase in the value of gold consumption. Jewellery demand saw a fifteen percent reduction due to subdued seasonal sales and higher duties. Investment demand remained encouraging, with bar and coin purchases growing nine percent. The World Gold Council forecasts annual demand between 650 and 750 tonnes.

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