Apparels

Exciting news for India’s textile industry! Finance Minister Nirmala Sitharaman has unveiled an ambitious initiative aimed at revitalizing manufacturing. The plan highlights the importance of becoming self-sufficient in fibre production, enhancing infrastructure, equipping workers with new skills, and championing sustainable practices.

South Korea’s apparel imports declined by 1.44 per cent to $12.189 billion in 2025, reflecting softer consumer demand and cautious retail buying.
While knitted apparel imports edged up on steady demand for basics and athleisure, non-knitted categories fell amid inventory pressures.
Meanwhile, textile exports weakened due to softer global demand and rising competition from lower-cost Asian producers.

As the Union Budget 2026 nears, India’s lab-grown diamond sector is pushing for tax cuts and policy support. Industry leaders want to boost local sales and global exports. They aim to make jewellery more affordable for consumers. Strengthening manufacturing and supply chains is also a priority. These steps will help India lead the future of fine jewellery.

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.