Bangladesh RMG units call for allowing local FOC raw material sourcing

Bangladesh RMG players have urged the government to remove restrictions on sourcing raw materials free of cost (FOC) from local suppliers.
Industry leaders said allowing FOC sourcing from domestic suppliers would boost local sales, strengthen backward linkage industries and raise overall value addition in the export-oriented sector.
Many local suppliers can provide inputs now against global orders.

Bangladesh RMG units call for allowing local FOC raw material sourcing Read More »

Luxury brands book sales drop as Mideast war takes toll on airport shopping

Luxury brands are feeling the impact of the Middle East conflict. Travel disruptions are affecting sales at Dubai malls and other regional hubs. This is a setback for companies relying on these high-margin channels. The situation is expected to worsen if the conflict continues. Analysts are watching closely as recovery from the pandemic is already underway.

Luxury brands book sales drop as Mideast war takes toll on airport shopping Read More »

UK’s Sosandar returns to profitability amid robust FY26 performance

Sosandar reported FY26 revenue of £42.3 million (~$57.53 million), up 14 per cent, driven by strong online growth, with own-site sales rising 24 per cent.
The company returned to profitability with PBT of £0.4 million (~$0.54 million) and improved margins.
Despite slightly missing revenue expectations, performance remained solid.
Strong third-party sales supported confidence in profitable growth.

UK’s Sosandar returns to profitability amid robust FY26 performance Read More »

Germany’s Puma appoints James Carnes to new creative leadership role

Puma has appointed James Carnes as senior vice president creative direction.
Reporting to Maria Valdes, he will oversee creative direction, innovation, and product excellence.
With over two decades of experience, including leadership roles at Adidas, he will align design strategy with business goals to strengthen Puma’s global brand appeal and market position.

Germany’s Puma appoints James Carnes to new creative leadership role Read More »

Ireland’s Primark boosts circular fashion with updated strategy

Primark has launched Circular Product Standard 2.0 to expand circular fashion across its range.
The framework focuses on durability, sustainable materials and recyclability, covering nine product categories.
In FY 24/25, 5 per cent of products were circular by design, including 20 per cent of jersey.
A new ‘Progressive’ level raises standards, backed by training and practical design improvements.

Ireland’s Primark boosts circular fashion with updated strategy Read More »

Hong Kong apparel imports stabilise after sharp dip last year

Hong Kong’s apparel imports showed early stabilisation in January–February 2026, rising 0.7 per cent YoY to $946.49 million after a steep 2025 decline.
Casualwear led gains, with T-shirts and jerseys increasing share, while structured wear softened.
Despite this uptick, imports remain well below 2024 levels, reflecting cautious sourcing and weak global demand.

Hong Kong apparel imports stabilise after sharp dip last year Read More »

Shopping Cart