Nike has laid off 775 employees in the US, mainly affecting distribution centre roles in Tennessee and Mississippi, as it accelerates automation and cost-cutting. The move follows earlier job cuts under CEO Elliott Hill amid weak sales and margin pressure. The layoffs reflect capacity adjustments in logistics as Nike reshapes its workforce for long-term profitability.

Adidas and LA-based Entire Studios have unveiled their first collaboration with a 26-piece collection blending sport and lifestyle.
Spanning apparel, footwear and accessories, the range reworks adidas’ Optimé, Z.N.E. and D4T lines through Entire Studios’ refined design lens, delivering versatile, all-day training-to-street looks rooted in Los Angeles’ culture of movement.

Nike has unveiled the Air Max 95 City Pack, a global footwear and apparel capsule marking three decades of the iconic silhouette.
The collection features four city-inspired sneaker styles—Atelier, Hong Kong, I-95 and Seongsu—each reflecting local creative culture, community energy and street entrepreneurship, alongside updated sportswear influenced by motorsports and gaming culture.

Mafatlal Industries has reported ₹3,009.9 crore (~$331.1 million) revenue for 9 months, up 26.7 per cent YoY, driven by textiles and consumer durables.
Q3 revenue was ₹717.4 crore (~$78 million), affected by deferred orders during election periods.
EBIT margins improved to 6.4 per cent in textiles.
The order book stands at ₹1,200 crore (~$130.8 million), with gross debt at ₹52.8 crore (~$5.76 million).

Deckers Brands has posted record Q3 FY26 results, with net sales up 7.1 per cent to $1.96 billion and diluted EPS rising 11 per cent to $3.33, driven by strong demand for Hoka and UGG.
Hoka sales surged 18.5 per cent, while international revenue grew 15 per cent.
The company raised FY26 guidance and expects share buybacks to exceed $1 billion.

Adidas has reported strong preliminary results for 2025, with currency-neutral revenues rising 13 per cent and reaching a record €24.81 billion (~$29.53 billion), supported by double-digit growth across markets.
Margins and operating profit improved sharply, while Q4 performance remained robust.
Backed by strong cash flows, the company approved a €1 billion (~$1.19 billion) share buyback.

India’s gold consumption dipped 11% in 2025 due to soaring prices, with jewellery demand plummeting 24%. However, investors flocked to gold coins and bars, boosting their demand by 17%. Despite the volume drop, the value of gold sales surged 30%. Experts predict continued global uncertainties will keep investment demand strong.

Japan imported trousers and shorts worth $4.221 billion during January–November 2025, with volumes steady at 541.241 million units amid continued price sensitivity.
China remained the largest supplier, followed by Bangladesh and India, all offering prices below Japan’s overall average.
Persistent pricing pressure and cost competitiveness dominated sourcing decisions.

Arvind Fashions Limited has reported strong Q3 FY26 performance, with revenue rising 14.5 per cent YoY to ₹1,377 crore (~$149.6 million), driven by robust direct-to-consumer growth.
EBITDA increased 18 per cent, with margin expansion to 14.2 per cent.
Retail like-to-like grew 8.2 per cent, online B2C nearly 50 per cent, while nine-month revenues reached ₹3,901 crore (~$424 million).

Indian textile and apparel exporters are looking to a new trade agreement with the European Union to counter losses from high US tariffs. The EU pact, effective in about a year, will remove duties on most Indian goods, including textiles. This offers a crucial opening for market access as US shipments have significantly dropped.