Apparels

Indian garment exporters are more concerned about an undefined penalty clause tied to the US’ 25 per cent reciprocal tariff than the tariff itself.
The ambiguity, driven by President Donald Trump’s threats over India’s Russian oil purchases, is paralysing trade planning.
Neither buyers nor exporters can act, and even Indian ministries remain uncertain about the implications.

Gokaldas Exports reported a 53% YoY rise in Q1FY26 net profit at ₹41 crore, driven by strong cost controls and productivity. Total income rose 4% to ₹977 crore. EBITDA margin improved by 336 bps to 12.1%, with EBITDA up 44%.

BlueStone has scaled back its IPO size, aiming to raise Rs 820 crore in primary capital, less than the initially planned Rs 1,000 crore. The omnichannel jewellery retailer is eyeing a valuation of around Rs 7,800 crore with the public listing, lower than its previous funding round.

Amid trade tensions between the U.S. and India, Titan is considering shifting some manufacturing to the Middle East Gulf to maintain low-tariff access to the U.S. market. This strategic move follows Titan’s planned acquisition of Dubai-based luxury retailer Damas. The U.S. tariffs on Indian imports and the UAE’s lower tariff rate are driving this consideration.

India’s textile sector proposes a strategic move. They suggest eliminating the 11% duty on raw cotton imports. This could be a bargaining chip in trade talks with the United States. The goal is to secure favorable terms for Indian textiles and garments. Removing the duty may boost export competitiveness.

Despite ongoing political and trade tensions, Canada’s apparel exports to the US surged by 28.61 per cent to $472.12 million during January–May, with the US accounting for over 81 per cent of its total garment exports.
Overall, Canada’s apparel exports grew 16.09 per cent year-on-year.
Trousers and shorts led category-wise exports to the US, followed by coats, jerseys, jackets and blazers, and suits.

New Balance and Bayer 04 Leverkusen have launched the 2025-26 Third Kit in a bold Blue Oasis, inspired by the city’s “Farbenstadt” nickname.
Featuring an abstract Bayer Cross print, the design merges club heritage with modern style.
Built with NB Dry tech, the kit ensures moisture-wicking performance, breathable comfort, and a proud expression of Leverkusen’s vibrant identity.

Cantabil Retail India saw a significant surge in its first-quarter performance, reporting a 29% increase in profit after tax, reaching Rs 14.7 crore. This growth was fueled by robust same-store sales and improving consumer sentiment. The company’s revenue from operations also climbed by 24% to Rs 159 crore, reflecting the effectiveness of its customer-centric approach and value-focused fashion proposition.

Puma has named Archie McEachern as vice president of its Basketball unit, effective August 18, 2025.
Based in Boston, he will report to chief product officer Maria Valdes.
With leadership roles at Nike, VF Corp, and 360 Hoops, Archie brings deep industry expertise.
He replaces Max Staiger, and is expected to elevate Puma’s basketball presence globally.

Levi’s and Beyoncé have previewed their new denim collaboration, the Beyoncé X Levi’s collection, during the finale of the Cowboy Carter Tour in Las Vegas.
The standout pieces—Western Crystal ‘90s Shrunken Trucker and Western Crystal 501 Curve jeans —were worn by Beyoncé and her dancers on stage, showcasing the bold spirit of the Reiimagine campaign.