Gap Inc. reported Q4 FY25 net sales of $4.2 billion, up 2 per cent YoY, with comparable sales rising 3 per cent and online sales up by 5 per cent (42 per cent of revenue).
Gross margin fell to 38.1 per cent due mainly to tariff impacts.
For fiscal 2025, sales reached $15.4 billion, online sales were 39 per cent of total, and gross margin was 40.8 per cent.

In 2025, Adidas achieved double-digit, currency-neutral revenue growth across all markets and channels, with footwear up 12 per cent and apparel 15 per cent.
Europe, North America, and Greater China grew 10-13 per cent, while Latin America, Emerging Markets, and Japan/South Korea saw 14-22 per cent growth.
Strong wholesale, retail, and e-commerce performance drove results.

Prada is poised to revolutionize Versace, signaling a bold new chapter for the iconic luxury brand. With a renewed focus on exclusive full-price offerings and the phasing out of lower-tier product lines, the appointment of a fresh creative director this July is set to redefine the aesthetic landscape.

Gold prices dropped on Thursday, reversing earlier gains. Higher US Treasury yields and a stronger dollar pressured the precious metal. Growing concerns about escalating conflict in West Asia and potential inflation also impacted prices. This situation is keeping energy supply worries elevated, supporting oil prices and dimming prospects for interest rate cuts.

India’s vital gems and jewellery trade faces significant disruption. The ongoing Middle East conflict has halted exports and imports of rough diamonds. Dubai, a key hub, has suspended flights, impacting shipments. This standstill affects India’s $30 billion annual exports, with the Middle East accounting for a quarter. The situation could hurt demand if it continues.

After the election, as the new Government took charge, Bangladesh’s RMG sector sought stability, energy security and reforms to reach $100 billion exports by 2030.
As per Moody’s, the election, which gave BNP a majority, is seen as a key step towards political normalisation after the 2024 unrest.
At least 15 MPs elected to the 13th National Parliament have direct ties to the RMG and textile sector.

Australia’s textile trade showed a mixed pattern in July-January with apparel imports declining while textile and fibre imports posted moderate growth.
The divergence suggests softer retail demand for clothing but steady industrial and manufacturing use of textile inputs, while fibre export growth reflects recovering global demand despite earlier price and logistics pressures.

The Supervisory Board of adidas AG has extended CEO Bjørn Gulden’s contract to December 31, 2030, and Michelle Robertson’s to December 31, 2031, ensuring leadership continuity.
Nassef Sawiris is set to succeed Thomas Rabe as chairman following the May 07, 2026 AGM, with Ian Gallienne proposed for re-election and Mathias Döpfner nominated as a new board member.

India’s apparel exports to Canada could increase sharply if the CEPA removes MFN tariff disadvantages against competitors like Bangladesh and Vietnam.
Knit basics may see the fastest gains due to tariff-sensitive pricing and easy supplier switching.
However, success will increasingly depend on compliance, traceability and workable rules of origin.

India’s move to form an inter-ministerial group signals a proactive approach to managing export risks amid rising geopolitical uncertainty.
By closely monitoring supply chains, logistics routes and critical imports, the government aims to ensure faster policy responses and protect export competitiveness, particularly for sectors like textiles that are highly exposed to trade disruptions.