Apparels

UK’s NEXT has launched its first exclusive store in Pune, in collaboration with Myntra. This marks a significant step in their partnership. Myntra holds the rights to distribute NEXT products in India. NEXT aims to expand with exclusive stores and shop-in-shops. The brand plans to reach over 50 locations by 2030.

US market share in Indian apparel exports is set to shrink following US tariff hike, with apparel exporters seeing a 6-9 per cent dip in revenues in FY26, ICRA recently projected.
Margins in the sector are likely to contract by 200-300 bps due to discounts or inability to fully pass on tariffs.
Moderation in credit metrics is envisaged for apparel and home textile exporters.

Artistic Milliners has acquired a majority stake in Cone Denim from Elevate Textiles, forming a new multinational under the Cone Denim name.
Cone will run mills in Mexico, China, and the US, plus Artistic’s facilities in Mexico and LA.
Led by Cone president Steve Maggard, the entity will offer end-to-end denim solutions, global reach, and expansion plans, including into North Africa.

Indian textile giant Gokaldas Exports is strategising to increase exports to the EU and UK while expanding African production due to potential profit losses from high U.S. tariffs. The company, heavily reliant on U.S. sales, anticipates a core profit margin decrease and is absorbing costs to maintain client relationships amidst the tariff uncertainty.

Festive season, cultural demand, and GST reforms could boost gold jewellery buying in India even as the yellow metal rates are at record highs, Mirae Asset Mutual Fund has said in a report.

Taneira, Tata Group’s ethnic wear brand, anticipates a robust festive season with a projected 30%+ like-to-like growth, fueled by strategic pricing, improved assortments, and a favorable wedding calendar. E-commerce sales have surged by 50%, with ready-to-wear gaining traction among younger consumers.

Lucira Jewelry secured USD 5.5 million in seed funding led by Blume Ventures and Spring Marketing Capital, with participation from SiriusOne Capital Fund and angel investors. The company intends to use the funds to open four flagship stores by FY26, improve its online platform, and invest in technology-driven personalization to become a trusted design-first fine jewelry brand.

The global fashion industry emits 8.3 million tonnes of methane annually—nearly four times France’s total.
Despite comprising just 3.8 per cent of materials, animal-derived products like leather and wool account for 75 per cent of these emissions.
Collective Fashion Justice urges a shift to animal-free, fossil-free materials and renewable energy.

Gold prices in India have soared to a record ₹1.10 lakh per 10 grams, prompting caution among jewellers ahead of the peak festive season. Experts anticipate a surge in old gold exchange, potentially reaching 45% of sales, as consumers adapt to the higher prices.

Luxury goods and high-end bike manufacturers are boosting retail stocks and planning launches, anticipating positive effects from widespread GST cuts. While GST rates remain unchanged for jewelry and increase for high-capacity bikes, companies expect improved consumer sentiment to counter any demand slowdown. Brands are optimistic about maintaining stable demand, particularly for premium models, supported by flexible financing options.