Apparels

Lululemon announced that CEO Calvin McDonald will step down on January 31, 2026, after seven years in the role, and remain a senior advisor until March 31, 2026, to support a smooth transition.
Board chair Marti Morfitt will become executive chair, while CFO Meghan Frank and CCO André Maestrini will serve as interim co-CEOs as the board conducts a global search for a successor.

Silver prices have reached a historic high of Rs 2 lakh per kilogram in futures trade. This surge marks a significant milestone for the white metal. Gold prices also saw a substantial increase, touching an all-time high. These movements are driven by strong investor demand and positive global trends.

Lululemon Athletica has reported better-than-expected Q3 FY25 results, with net revenue rising 7 per cent YoY to $2.6 billion, driven by a 33 per cent surge in international sales despite weakness in the Americas.
Gross margin and operating income declined, while EPS fell to $2.59.
The company expanded its store base, increased share buybacks, and maintained a cautious outlook amid tariff pressures.

The EU’s Digital Product Passport is set to revolutionise the global apparel industry, requiring manufacturers to disclose the origin, water usage, carbon footprint, and recyclability of every garment.
Compliance is thus no longer optional, as early adopters gain trust and a market edge, while laggards risk losing access to Europe’s lucrative fashion market.

Russian diamond giant Alrosa is set to establish a polishing plant in India, marking its first international expansion. The company plans to invest $50 million, aiming to boost India’s position as a global manufacturing hub. Alrosa will also launch co-branded luxury jewellery lines and implement blockchain technology for supply chains.

Levi’s Kids has entered India through Apparel Group, strengthening its premium kidswear portfolio as demand for global, durable and value-focused brands grows.
The brand will expand through an omnichannel strategy across metros, offering high-quality denim, tees and everyday essentials for children aged 4-16, blending Levi’s iconic style with comfort-driven, durable design.

Prada is launching a limited-edition sandal collection in India, inspired by traditional Kolhapuri chappals, to be sold for around 800 euros. This collaboration with Indian artisans, following past criticism for cultural appropriation, aims to blend local craftsmanship with Italian technology. The collection, featuring 2,000 pairs, will be available globally in February 2026.

Finland’s apparel imports fell over 6 per cent to $813.368 million in January–August 2025 as retailers adopted lean inventory strategies amid weak consumer sentiment, higher living costs, and slow discretionary spending recovery.
Trousers and T-shirts remained stable performers, while outerwear demand softened due to mild winters.
The decline aligns with wider Nordic and EU trends.

India is set to implement new mandatory labelling rules for apparel and home textiles, requiring manufacturers to disclose fibre content, origin, and care instructions. This move aims to align with global standards, promote recycling, and protect consumers from misleading claims. The initiative is part of a broader plan to boost the textile waste value chain and enhance consumer awareness.

Designer Brands Inc has posted a mixed Q3, with net sales down 3.2 per cent and comparable sales lower, yet profitability strengthened as gross margin rose to 45.1 per cent.
Net income reached $18.2 million.
Cash improved, debt fell, and inventories eased.
The company remains confident as strategic progress continues, despite forecasting a 3–5 per cent sales decline for FY25.