Sri Lanka’s garment exports up 4% to $3.3 bn in Jan-Sept 2024

Apparels
Sri Lanka’s garment exports reached $3,479 million in Jan-Sept 2024, a 4.0 per cent increase from the previous year.
However, textile exports declined by 15.9 per cent, totalling $224.3 million.
Imports of textiles and clothing rose significantly, with textiles up by 18.2 per cent.
In 2023, garment exports dropped by 19 per cent to $4,440.6 million, and textile imports fell by 22.6 per cent.

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Canada’s Gildan Activewear sees 2.4% sales growth to $891 mn in Q3

Apparels
Gildan Activewear Inc reported net sales of $891 million in Q3 2024, up 2.4 per cent year-on-year, with a 370-basis point increase in gross margin to 31.2 per cent due to lower material costs.
Operating income was $193 million, impacted by expenses related to leadership changes.
Adjusted EPS for 2024 is expected between $2.97 and $3.02, up 15.5-17.5 per cent annually.

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German brand Puma reports sales of $2.4 bn in Q3 2024, 5% YoY growth

Apparels
Puma reported sales of €2,308.2 million (~$2,448.7 million) in Q3 2024, up 5 per cent YoY (currency-adjusted), driven by growth in the Americas, Asia/Pacific, and EMEA.
The gross margin rose to 47.9 per cent, and DTC sales grew 17 per cent.
The company’s net income fell 3 per cent to €127.8 million (~$141.98 million) due to non-controlling interests, with an EBIT margin of 10.3 per cent.

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Cambodia’s apparel exports to Europe hit $2.29 bn, 30% of total

Apparels
Cambodia’s apparel exports reached $2,285 million in the first three quarters of 2024, representing 30.19 per cent of total exports.
Europe, the second-largest market, saw a decline compared to $2.82 billion in the same period in 2023.
North America was the top market with 42.18 per cent.
Total apparel exports were $11.26 billion in 2023, with Europe’s share fluctuating over recent years.

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Pilates for menstrual cramps: 10 simple exercises to alleviate the discomfort

Health & Fitness

Pilates, a mind-body exercise, is popular for its ability to strengthen the core, increase flexibility, and improve posture. Beyond its physical benefits, it can also offer relief from period pain. Doing Pilates for menstrual cramps can be beneficial in eliminating discomfort because it targets specific muscle groups and promotes relaxation while also reducing inflammation and

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India’s Raymond Lifestyle expands retail network despite revenue drop

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Raymond Lifestyle Limited reported a 6.2 per cent year-over-year income decline in Q2 FY25, with revenue at ₹1,735 crore (~$20.59 million).
H1 FY25 income fell by 6.8 per cent to ₹2,985 crore.
The EBITDA margin decreased from 16.6 per cent to 13.9 per cent, and PBT dropped 44.8 per cent due to weak consumer demand.
Branded Textile revenue declined, while Branded Apparel grew modestly.

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US’ Columbia Sportswear Company’s net sales drop 5% in Q3 2024

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Columbia Sportswear’s Q3 2024 net sales fell 5 per cent to $931.8 million, with a 12.1 per cent operating margin.
Gross margin improved to 50.2 per cent due to lower freight costs.
Net income dropped to $90.2 million, or $1.56 per share.
The company expects 2024 sales to decline 3-5 per cent, with continued focus on innovative products and youth-oriented growth strategies.

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Kickboxing to tone thighs: Do this exercise if you want to strengthen your legs

Health & Fitness

One of the most popular combat sports, kickboxing is more than just that. It can also be an interesting way to stay in good shape. Influenced by various martial art forms, including karate, and Muay Thai, it is basically punching and kicking. It can be beneficial for your heart, improve your coordination and balance, and

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Chinese company to invest in jhut recycling in Mongla

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Xingchen Textile will invest $35.03 million to establish a textile industry in the Mongla Export Processing Zone, recycling garment wastage known as ‘jhut.’
The facility aims to produce 20,000 metric tonnes of yarn and 12,000 metric tonnes of woven fabrics annually.
An agreement was signed, with the investment expected to create 600 jobs for Bangladeshi nationals.

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Turkiye’s apparel exports down 6% to $13.2 bn in Jan-Sept 2024

Apparels
Turkiye’s apparel exports fell by 6.02 per cent YoY to $13.247 billion in January–September 2024, down from $14.096 billion in 2023.
Exports of knitted apparel decreased by 3.4 per cent, while non-knitted items saw a 9.3 per cent drop.
In September, overall exports declined 4.78 per cent.
Meanwhile, imports of non-knitted and crocheted goods rose 16.9 per cent YoY.

Turkiye’s apparel exports down 6% to $13.2 bn in Jan-Sept 2024 Read More »

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