Apparels

Brand expects 50 per cent fall in operating income year-on-year.
Goods sourced from Indonesia and Vietnam become problematic.
Stock reduction remains core to turnaround strategy.
Tariffs hit brands with outsourcing differently, says CEO.
Q1 revenue fell 4 per cent to $1.1 bn, while Q2 sales are projected to drop 6–7 per cent, with EPS far below forecasts.

Softwear Automation, creator of autonomous ‘Sewbots’, secured $20 million in Series B1 funding led by Danish fashion group Bestseller via its Invest FWD platform.
The investment will accelerate T-shirt sewing tech completion, scale production, and enhance R&D, supporting on-demand, localised garment manufacturing and addressing industry needs for speed, flexibility, and lower environmental impact.

Experts caution about UK buyers’ stringent compliance and sustainability requirements.
The UK’s proposed CBAM, to be initially applied only to carbon-intensive sectors, when it takes effect from January 1, 2027, is widely expected to bring the textile industry under its purview eventually.
If CBAM impacts Indian exports in the future, India will retain the right to formally take up the issue.

Gildan Activewear will acquire HanesBrands in a $4.4 billion deal, doubling Gildan’s revenues and expanding into iconic innerwear brands.
HanesBrands shareholders will get cash and shares, holding 19.9 per cent post-close.
The merger targets $200 million in cost synergies within three years, with over 20 per cent EPS accretion.
Headquarters will remain in Montreal.

Bangladesh Export Processing Zones Authority (BEPZA) and Kaixi Garments Bangladesh Ltd have signed a $40.05 million deal to set up an intimate garment’s facility in BEPZA EZ, creating 3,003 jobs.
The group’s first project began in 2024, employing 3,700 workers.
BEPZA EZ has attracted over $1 billion in investments from 45 companies, with four in production.

Dollar Industries Ltd has reported strong Q1 FY26 results, with PAT up 39.3 per cent YoY to ₹2,132 lakh (~$2.43 million) and operating income rising 19.6 per cent to ₹39,913 lakh (~$45.53 million).
Growth was driven by higher volumes, strong margins, and robust performance in modern trade, e-commerce, and quick commerce.
The Force NXT brand also recorded significant gains in value and volume.

Bangladesh’s ready-made garment exports rose 24.67 per cent year-on-year to $3.962 billion in July 2025, driven by strong growth in knitwear and woven apparel shipments.
Knitwear exports grew 26.01 per cent to $2.178 billion, while woven apparel rose 23.08 per cent to $1.783 billion.
Home textiles also increased 13.24 per cent.
Apparel and textiles accounted for 84.48 per cent of total exports.

Revenue from operations of the company during the quarter under review grew moderately by 2.78 per cent at Rs 1,714.56 crore compared to Rs 1,668.18 crore in the same period of the preceding year.

Casio India starts selling watches made in India. This move strengthens Casio’s presence in the country. The company aims to meet Indian consumer needs better. Casio plans to introduce more locally made models. This decision aligns with national manufacturing goals. Managing Director Takuto Kimura says India is a key market. Local production will help Casio respond quickly to changing trends.

In June, US retail apparel prices rose 0.4 per cent MoM but fell YoY for the third month.
Apparel imports remained volatile after April’s tariff hikes.
Consumer confidence improved, while spending was flat overall but up 4.2 per cent YoY for apparel.
Q2 GDP grew 3 per cent annualised, inflation stayed at 2.8 per cent, job growth slowed, unemployment rose to 4.2 per cent, and wages gained 3.9 per cent.