Apparels

Spot gold was up 0.4% at $4,215.87 per ounce, as of 0407 GMT, hitting its highest since October 21. U.S. gold futures for December delivery rose 0.2% to $4,219.90 per ounce. “The prospect of weak economic data following the U.S. government shutdown helped push gold higher. This is likely to be supported by ongoing demand from central banks,” analysts at ANZ said in a note.

Burberry said Thursday it narrowed losses in its first half thanks to the British luxury fashion label’s turnaround plan begun a year ago. Nevertheless, the group announced Thursday that sales fell five percent to £1.0 billion in its first half. bcp/ajb/jh

CITI has welcomed the Union Cabinet’s approval of the Export Promotion Mission, calling it a major boost for the textile and apparel (T&A) sector.
Chairman Ashwin Chandran said it will enhance global competitiveness, support MSMEs, and create jobs.
The move follows a 50 per cent US tariff that hit exports, which fell over 10 per cent in September 2025.

Senco Gold achieved a record festive season in October 2025, with over Rs 1,700 crore in monthly retail sales, a 56% year-on-year surge for Dhanteras. This strong performance, despite record gold prices, contributed to a 25% year-to-date retail growth, marking a new milestone for the company.

Fashion retailer Cantabil Retail India Ltd aims for Rs 1,000 crore revenue by FY27, driven by aggressive expansion in Tier 2, 3 cities and a tech-driven supply chain. Favorable GST 2.0 changes have boosted consumption and strengthened consumer trust, contributing to a 20% year-on-year growth target.

The Agreement on Reciprocal Trade grants Cambodian garments, footwear, and travel goods unprecedented access to the US market, making Cambodia the only ASEAN nation to enjoy full tariff-free status.
The deal positions Cambodia as Washington’s most favoured regional partner.
With the tariff advantage offering a gateway to the US, Chinese manufacturers are reportedly investing increasingly in Cambodia.

Sri Lanka’s garment exports rose 6.7 per cent year-on-year to $3.71 billion during January–September 2025, driven by stronger demand from Western markets and stabilising global retail activity.
Textile exports eased slightly, while other manufactured textile articles grew by over 10 per cent.
Imports of clothing and accessories surged 31.3 per cent.

Iconic Fashion India plans significant growth, targeting Rs 1,100 crore revenue in three years. The company will expand its retail footprint by adding 10 lakh sq. ft. of space in tier-1 and tier-2 cities. Diversification into luggage, designer wear, and watches will also drive expansion in the next two years. Enhanced in-store experiences and digital engagement are key strategies.

Puma has shifted from a business partnership to an exclusive licensing agreement with United Legwear Company LLC (ULAC) effective November 1, 2025.
The deal covers Puma-branded socks, underwear, children’s apparel, and accessories in the US and Canada.
The move simplifies Puma’s North American operations, aligns with regional market practices, and strengthens its 25-year partnership with ULAC.

Pearl Global Industries Limited has reported strong performance in H1 FY26, with revenue rising 12.7 per cent YoY to ₹2,541 crore (~$286.9 million), driven by high-value product sales from Vietnam and Indonesia.
Adjusted EBITDA grew 18.4 per cent to ₹236 crore (~$26.6 million), while PAT rose 17 per cent.
The company achieved record shipments, declared dividends, and advanced sustainability initiatives.