US’ Crocs revenue dips 1.7% in 2025; DTC growth offsets wholesale

Crocs Inc has reported full-year 2025 revenue of $4.04 billion, down 1.5 per cent, as wholesale weakness offset DTC growth.
Impairment charges linked to Heydude hit reported profit, though adjusted operating income remained strong.
The Crocs brand grew internationally, while Heydude declined.
Strong cash flow supported debt reduction and share buybacks.
The company expects modest revenue trends in 2026.

US’ Crocs revenue dips 1.7% in 2025; DTC growth offsets wholesale Read More »

Germany’s Birkenstock Q1 revenue rises 11.1% on strong holiday demand

Birkenstock has reported revenue of €402 million (~$478.4 million) in Q1 FY26, up 11.1 per cent YoY and 17.8 per cent in constant currency, exceeding guidance.
Growth was broad-based across regions and channels, led by strong holiday demand.
Net profit surged 151 per cent to €51 million (~$60.5 million).
The company reaffirmed its three-year growth and profitability targets.

Germany’s Birkenstock Q1 revenue rises 11.1% on strong holiday demand Read More »

US to give yarn, cotton benefits to India, as with Bangladesh: Piyush Goyal

Commerce and Industry Minister Piyush Goyal said India will receive concessional duty access for garments made using American yarn and cotton under the proposed interim trade agreement with the US, similar to benefits given to Bangladesh. Indian companies importing US raw materials to manufacture garments for re-export to America will get duty-free access, with no quota on cotton imports.

US to give yarn, cotton benefits to India, as with Bangladesh: Piyush Goyal Read More »

Lenskart Q3 profit jumps multifold to Rs 133 cr

Eyewear firm Lenskart reported a significant jump in profit after tax to Rs 132.7 crore for the December quarter. Revenue also saw a substantial increase of 38 percent. Both India and international markets contributed to this growth. The company’s international segment is showing strong performance, outpacing India’s historical profitability. Lenskart also announced employee stock option plans.

Lenskart Q3 profit jumps multifold to Rs 133 cr Read More »

Nigeria’s EIL to partner with Akwa Ibom state to produce shows, RMG

Erojim Investments Limited, a firm based in Nigeria’s Abia state dealing in fabrics, garments and leather shoes, is keen on partnering with the Akwa Ibom state government to produce footwear and garments.
The proposed partnership is expected to produce 1,500 pairs of shoes and 500 pieces of clothing daily.
The firm hopes to make deeper inroads into Akwa Ibom and neighbouring states in the next few years.

Nigeria’s EIL to partner with Akwa Ibom state to produce shows, RMG Read More »

BGMEA, AmCham Bangladesh welcome reciprocal tariff agreement with US

BGMEA and AmCham Bangladesh have welcomed the signing of a reciprocal tariff pact with the US, terming it as a positive development for the apparel sector.
Garments manufactured using US inputs will be exempt from such tariffs and that will improve Bangladesh’s market access to the US, BGMEA noted.
The provision can encourage deeper supply-chain integration and promote value addition, AmCham said.

BGMEA, AmCham Bangladesh welcome reciprocal tariff agreement with US Read More »

Apparel company Showroom B2B raises $17 million from Cactus Partners, others

The funding round, which comprised a mix of equity and debt, also saw participation from Zephyr Peacock along with existing investors Jungle Ventures, Accion Ventures and NBD Ventures. The company plans to deploy the capital to enhance and scale its platform, expand its reach to a wider customer base and market segments, enhance its supply chain, and drive other growth initiatives.

Apparel company Showroom B2B raises $17 million from Cactus Partners, others Read More »

Bangladesh–US tariff deal may have limited impact on India

The proposed Bangladesh–US trade understanding offering near zero-tariff access for garments has sparked debate in India’s textile sector.
While Bangladesh may gain a price edge in basic apparel, industry leaders believe the effective advantage could be limited to 2–3 per cent due to raw material dependence, capacity constraints and logistics costs.

Bangladesh–US tariff deal may have limited impact on India Read More »

Shopping Cart