Apparels

Will India-US trade deal shake up Asia’s apparel export dynamics?

India and the US are close to sealing a landmark trade deal that could ease the steep tariffs imposed by Washington earlier this year, as other Asian apparel export hubs keep a keen eye on the developments.
At a recent White House event, President Donald Trump struck an optimistic tone, noting that Washington and New Delhi were “getting close” to finalising a fair-trade deal.

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India’s Dollar Industries delivers strong Q2 FY26 with higher margins

Dollar Industries has reported a strong Q2 FY26 with total income up 5.6 per cent to ₹47,329 lakh (~$53.34 million) and gross profit rising 9.6 per cent.
Operating EBITDA jumped 23.3 per cent, while PAT grew 32.7 per cent.
A major milestone was the proposed merger of nine promoter group companies, consolidating brand ownership and strengthening long-term strategic alignment.

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Japan’s ASICS delivers strong 9M FY25 with $4.04 bn sales surge

ASICS has posted strong 9M FY25 results with net sales up 19 per cent to ¥625.06 billion (~$4.04 billion) and operating profit rising 39.4 per cent to ¥127.61 billion (~$825.1 million), supported by improved margins and broad demand across regions.
SportStyle and Onitsuka Tiger led growth.
Net assets strengthened.
Full-year forecast to ¥800 billion (~$5.17 billion) in sales.

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SC upholds HC’s order on revival of Crocs’ passing-off case against domestic shoemakers

The Supreme Court upheld a Delhi High Court order reviving Crocs’ passing-off suit against Indian footwear manufacturers like Bata India. The court ruled that a passing-off action is maintainable for a trade dress registered as a design, allowing Crocs to proceed with its claims of imitation.

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US’ Old Navy & DoorDash team up for on-demand holiday apparel delivery

DoorDash and Old Navy have teamed up to offer on-demand delivery of apparel nationwide, just in time for the holidays.
Shoppers can now order Old Navy favourites—like denim, activewear and Jingle Jammies—through the DoorDash app.
The partnership expands Old Navy’s omnichannel reach while giving DoorDash’s 50 million+ monthly users faster, easier access to last-minute gifts and everyday essentials.

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US’ Under Armour expands FY25 restructuring as charges rise

Under Armour has expanded its FY25 restructuring plan, raising total expected charges to up to $255 million and increasing its FY26 adjusted operating income outlook to $95–110 million.
The measures include separating the Curry Brand and asset impairments.
The company had already incurred $147 million by September 2025 and now expects a FY26 GAAP operating loss of $56–71 million.

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Switzerland’s On reports robust Q3 with net sales reaching $1 bn

Swiss sportswear company On Holdings has posted strong Q3 and 9M results, with Q3 net sales up 24.9 per cent to CHF 794.4 million (~$1 billion) and sharp gains across DTC, wholesale, and all regions.
Profitability improved, with gross margin at 65.7 per cent and net income up nearly threefold.
For 9M 2025, sales rose 32.6 per cent, supported by strong growth in footwear, apparel, and accessories.

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India’s Vishal Fabrics Q2 revenue climbs 12.6% as profit surges 64%

Vishal Fabrics Limited has reported strong Q2 FY26 results, with total income rising 12.6 per cent to ₹433.31 crore and PAT surging 64.6 per cent to ₹10.7 crore (~$1.21 million).
H1 FY26 income reached ₹830.5 crore (~$93.66 million) and PAT ₹19.86 crore (~$2.24 million), both showing robust YoY growth.
CFO highlighted gains from an improved product mix, and operational efficiency.

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