Apparels

High tariffs cut US apparel imports value from China in May by 52 per cent YoY, USITC data show.
China’s market share in US apparel imports in May also dropped to 9.9 per cent, a new low in decades.
Due to reciprocal tariffs, the average tariff rate for US apparel imports grew to 23.8 per cent in May, up several points from the already record-setting 20.8 per cent seen in April, a US academic said.

Anta Sports has reported its Q2 and H1 2025 retail sales update, with Anta brand growing by low- to mid-single digits and FILA achieving mid- to high-single digit gains.
Other brands, excluding recent additions, saw strong growth of 50–65 per cent.
The figures, covering both online and offline channels, serve as operational indicators and exclude Amer Sports.
Data is unaudited and subject to revision.

Arvind Fashions Ltd. has appointed Amisha Jain as its new managing director and CEO, effective August 13, succeeding Shailesh Chaturvedi. Jain joins from Levi Strauss & Co. and brings over 20 years of experience in the retail and consumer sectors. AFL reported a revenue of ₹4,620 crore for FY25, with a significant increase in net profit.

Vishal Mega Mart shares: The brokerage views the value retailer as a way to capitalize on the rising aspirations of consumers in Tier 2 and smaller cities, supported by its low-cost private-label offerings, efficient cost structure, and expanding presence in underpenetrated markets.

Solitario Diamonds, a lab-grown diamond brand, has secured a new funding round, valuing the company at Rs 300 crore. Gautam Budhrani, from the Budhrani Group of Hospitals, joins as a strategic investor. The capital infusion will fuel expansion in Delhi-NCR and bolster retail, inventory, and brand experience investments across key urban markets, supporting the brand’s global ambitions.

Solitario Diamonds, a lab-grown diamond brand, has secured a new funding round, valuing the company at Rs 300 crore. Gautam Budrani, from the Budrani Group of Hospitals, joins as a strategic investor. The capital infusion will fuel expansion in Delhi-NCR and bolster retail, inventory, and brand experience investments across key urban markets, supporting the brand’s global ambitions.

A Prada team visited Kolhapur after facing accusations of using local sandal designs. The team assessed footwear manufacturing and spoke with artisans. Maharashtra Chamber of Commerce confirmed Prada’s interest after their design was noticed. Prada acknowledged the design inspiration. The team toured the Kolhapuri chappal cluster and retail market. Further collaboration is possible after Prada reviews the team’s report.

GIVA, the direct-to-consumer jewellery brand, has launched ‘GIVA Go,’ a rapid delivery service in Mumbai, Bengaluru, Hyderabad, and Delhi. This initiative aims to meet rising consumer expectations for faster e-commerce fulfillment. The service guarantees delivery within 24 hours for select products, utilizing dark stores and strategic logistics partnerships to ensure swift order processing and delivery.

The UK-India FTA is set to boost Indian merchandise exports, especially textiles and apparel, according to S&P Global Market Intelligence.
It supports remittances and Indian worker mobility while offering the UK marginal GDP gains and greater access to India’s middle class.
Key policy issues like carbon tax exemptions and a Bilateral Investment Treaty remain under negotiation outside the FTA.

Adidas and champion diver Tom Daley have unveiled a bold new swimwear collection blending performance and personal style.
Inspired by Tom’s passion for knitting, the four-piece range features vibrant retro graphics and Infinitex fabric for durability.
Designed for confidence and versatility, the collection is ideal for both poolside and open water wear.