Apparels

Gold prices have fallen below ₹1.2 lakh per 10 gm for the first time in three weeks, a decline expected to boost sales during the upcoming wedding season. Jewellers are restocking as prices dropped 9% since Dhanteras, with further movements dependent on US-China trade talks and the Federal Reserve’s interest rate decision.

New Zealand’s apparel imports rose 3.77 per cent YoY to NZ$1.56 billion in January–September 2025, showing gradual trade recovery.
Growth was led by knitted apparel and stronger fabric demand, while volumes fell 5.6 per cent due to higher prices.
Analysts attribute this to elevated sourcing costs, inflation, and a shift towards premium apparel from China, Bangladesh, Vietnam, India, and Australia.

American apparel company Carter’s, Inc, has reported flat Q3 FY25 sales at $757.8 million, while profit fell sharply due to higher tariffs and restructuring costs.
Net income dropped to $11.6 million from $58.3 million, with adjusted EPS down to $0.74.
The company plans 300 job cuts and 150 store closures to save $35 million annually, while tariffs are expected to impact Q4 earnings by $25–35 million.

India’s leather and allied products industry will see its revenue drop by 10-12 per cent YoY in FY26 as the 50-per cent US tariff will slash export volume, Crisil Ratings said.
Operating profitability will slide by 150-200 bps, driven by headwinds in the export segment and the muted operating performance will weaken credit profiles.
Exporters are exploring new markets and shifting/outsourcing production.

India’s PDS Limited has reported an 18 per cent rise in GMV to ₹5,467 crore (~$619.2 million) in Q2 FY26, with revenue up 14 per cent and PAT surging 142 per cent to ₹48 crore.
The order book reached ₹5,308 crore (~$601.1 million), up 15 per cent YoY.
Improved working capital efficiency generated ₹593 crore in cash flow, and the board declared an interim dividend of ₹1.65 per share.

Global fashion retailer H&M is expanding its online presence in India by launching on Nykaa and Nykaa Fashion platforms in November. This collaboration will make H&M’s apparel and beauty collections, including vegan make-up and fragrances, accessible nationwide. H&M will also participate in Nykaaland 3.0, showcasing its Festive 2025 collection.

Raymond, an influential Indian supplier in the aerospace and automotive industries, reported a troubling 20% dip in quarterly profits. The increase in operational costs, especially related to employee benefits and financial expenses, outstripped revenue gains.

PUMA India’s Managing Director, Karthik Balagopalan, has resigned. He is leaving to focus on family matters in Germany. Balagopalan has been with PUMA since 2006 and became MD in May 2023. He previously held global retail and e-commerce roles. PUMA has not yet announced his replacement. The company wishes Balagopalan well.

Lenskart CEO Peyush Bansal: In an hour-long conversation with ET, founder and CEO Peyush Bansal said the 17-year-old company, which once experimented beyond eyewear, has since sharpened its focus on its core mission to sell a billion pairs of glasses without categorising itself as an online, offline or an omnichannel retailer.

Footwear maker Bata India Ltd on Monday reported a 73.26 per cent decline in consolidated net profit to Rs 13.9 crore in the second quarter ended September 30, 2025, impacted by lower revenue and higher expenses.