South Korea’s apparel imports surge 13% to $1.33 bn in Oct 2024

South Korea’s apparel imports rose by 13.11 per cent year-on-year to $1.34 billion in October 2024, despite a 3.67 per cent dip from September.
January-October imports totalled $10.52 billion, led by Chapter 62 items.
Exports of man-made filaments and knitted fabrics also increased slightly year-on-year.
In 2023, apparel imports were $11.99 billion, while Chapter 54 exports hit $2.11 billion.

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Cambodia’s market share in Canadian apparel imports strengthens

Cambodia remained Canada’s fourth-largest apparel supplier in 2023, with imports reaching $802.827 million in the first three quarters, representing 9.75 per cent of Canada’s $8.232 billion total.
Cambodia’s share rose slightly compared to previous years, partially regaining lost ground.
Despite overall growth in Canadian apparel imports, Cambodia’s share had peaked at 10.84 per cent in 2021.

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India-UK FTA: Shift in supplier landscape & key home textile products

The India-UK FTA promises to not only reshape trade dynamics between the two countries but also impact other major textile exporters.
If UK reduces tariffs on Indian textiles, it will likely result in significant trade diversions.
Key textile-exporting nations could experience declining exports in specific product categories due to increased competition from India in the UK market.

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US’ Abercrombie & Fitch’s sales up 14% YoY to $1.2 bn in Q3 FY24

Abercrombie & Fitch Co has reported net sales of $1.2 billion in Q3 FY24, up 14 per cent YoY, with 16 per cent comparable sales.
Net income rose to $132 million, or $2.50 EPS. For 9M FY24, net sales grew 19 per cent YoY to $3.36 billion, with net income of $379 million. Full-year FY24 sales growth is now expected at 14-15 per cent, with Q4 sales forecast at 5-7 per cent growth.

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German brand Puma signs iconic deal with Portugal Football Federation

PUMA has signed a long-term deal with the Portuguese Football Federation (FPF), starting in 2025, to equip all teams, including futsal, beach football, and e-sports.
Portugal, known for their dynamic play, has the largest social media following among national federations.
The partnership aims to engage fans and continue Portuguese football’s legacy, with new products launching in 2025.

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Pilates for weight loss: 15 effective exercises to burn calories and tone your body

From Jennifer Aniston to David Beckham and Alia Bhatt to Deepika Padukone to Kareena Kapoor Khan, many celebrities have embraced the power of Pilates to improve their physique and overall wellness. What makes Pilates so unique is its focus on controlled, low-impact movements that target both strength and flexibility, making it a game-changer for weight

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HSBC study report urges Bangladesh to diversity export basket

Bangladesh should diversify its export basket beyond garments to include pharmaceuticals, leather goods, jute products and agro-processed goods, a study by HSBC Bangladesh suggested.
The UK Developing Countries Trading Scheme is essential for deeper integration into global supply chains and will ensure Bangladesh retains preferential access to the UK market after LDC graduation, the report noted.

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Primark sells 66% of clothes made from sustainable materials in 2023

Primark’s third annual Sustainability and Ethics Report shows that 66 per cent of its clothes sold in the past year were made from recycled or sustainably sourced materials.
The Irish retailer has also introduced a Durability Framework, aiming to make longer-lasting clothes affordable.
Primark reduced carbon emissions by 21 per cent in 2024.

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Poland’s apparel import from Turkiye at $1 bn, 3rd largest supplier

Poland imported $1.021 billion worth of apparel from Turkiye in January-August 2024, making Turkiye its third-largest supplier with a 10.81 per cent share.
Imports rose 5.83 per cent from $965.251 million in 2023.
Poland also imported $75.389 million of fabric from Turkiye, down from $89.373 million last year.
Turkiye’s share in Poland’s total fabric imports was 9.71 per cent.

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US’ Buckle Q3 sales drop 3.2% YoY, net income hits $44.2 million

The Buckle, Inc, has reported Q3 FY24 net sales of $303.5 million, down 3.2 per cent YoY, with comparable store sales dropping 0.7 per cent. Net income was $44.2 million.
Online sales rose 1.1 per cent to $46.6 million.
For 9M FY24, net sales fell 4.6 per cent to $838.5 million, with a 5.4 per cent decline in comparable store sales and a 9.2 per cent drop in online sales to $128 million.

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