Apparels

India Independence Day 2025: New US tariffs of 50% imperil Indian textile exports, especially from Tiruppur. Exporters fear significant business losses and production halts. This echoes British colonial policies that crippled India’s textile industry. Britain imposed steep tariffs and restrictions. This favored British manufacturers. India’s textile industry faced decline. The current tariffs raise concerns about India’s export competitiveness.

Skechers Inc has posted a record Q2 2025 sales of $2.44 billion, up 13.1 per cent YoY, with wholesale up 15 per cent and DTC up 11 per cent.
H1 sales rose 10 per cent to $4.85 billion, driven by strong international growth, notably 29.4 per cent in EMEA.
While profits grew, higher costs narrowed margins.
The company aims to sustain growth through innovation and global expansion.

H&M India has opened its first store in Faridabad at Pacific Mall, its 66th in the country, offering men’s, women’s, and kids’ collections.
Spanning 1,289 square metres, the store features a ’90s-inspired collection and the Garment Collect recycling initiative, reinforcing H&M’s growth and sustainability focus in India.

BlueStone Jewellery and Lifestyle is set to launch its IPO on August 11, aiming to raise Rs 1,541 crore through a fresh issue and offer for sale. The IPO, priced between Rs 492 and Rs 517 per share, will close on August 13.

Gold prices may rise next week. Macroeconomic uncertainty and tariff disputes support investor interest. Traders will watch UK, EU, and US economic data. Federal Reserve speeches will be key. Domestic gold prices are cushioned by rupee weakness. Geopolitical uncertainty and central bank demand may keep gold prices rising. Analysts expect an upward trend for gold in the medium term.

Asian Footwears plans to invest Rs 100 crore over the next 18 months to boost manufacturing, expand retail, and ramp up marketing efforts. It is aiming to more than double its exclusive brand outlets to 100 by FY26, focusing on tier-II and tier-III cities. Expecting a 30-40 per cent growth in this fiscal, up from Rs 525 crore in revenue in FY25, it is targeting volume growth with affordable pricing.

Facing potential tariffs, some Indian textile companies like Pearl Global Industries are shifting US-bound production to countries like Vietnam, Indonesia, and Bangladesh, where tariff structures are more favorable. This strategic move aims to maintain customer relationships and profitability amidst evolving trade dynamics.

Gold prices saw a marginal rise in July, supported by inflation expectations and tariff tensions. Gold prices have jumped 26 percent so far in 2025. Global gold ETFs experienced inflows, especially in North America and Europe. In India, spot gold prices increased significantly. Buyers are now hesitant due to the unexpected price surge. Many customers are shifting to lower-carat jewellery.

Under Armour has posted a 4 per cent YoY revenue drop to $1.1 billion in Q1 FY26, with a net loss of $3 million.
North America sales fell 5 per cent, while EMEA rose 10 per cent.
Footwear revenue declined 14 per cent, but gross margin rose to 48.2 per cent.
Adjusted operating income was $24 million.
Q2 revenue is expected to fall 6–7 per cent due to tariff and supply chain headwinds.

Pearl Global Industries Ltd has reported revenues of ₹1,228 crore (~$140.07 million) in Q1 FY26, up 16.6 per cent YoY, led by strong sales in Vietnam and Indonesia.
Adjusted EBITDA rose to ₹114 crore (~$12.54 million) with a 9.3 per cent margin, while PAT grew 5.9 per cent to ₹66 crore.
PGIL is recalibrating its US strategy due to tariffs, focusing expansion on favourable markets like Vietnam and the UK.