Apparels

GIVA jewellery inaugurated its 200th store in Bengaluru. Karisma Kapoor launched the store at Forum South Mall. The brand started its first outlet in Bengaluru in 2022. GIVA focuses on silver, gold, and lab-grown diamond jewellery. Ishendra Agarwal shared plans to expand to 700 stores in 60 cities in three years. Anushka Sharma is the brand ambassador.

Bangladesh is planning to set up two additional economic zones exclusively for Chinese investors, apart from the existing Chinese Economic and Industrial Zone in Anwara, Chattogram.
State-owned Power Construction Corporation of China Ltd will develop the Chandpur Economic Zone-1.
The second, the Bhola Eco-Development Economic Zone will be developed by China’s Leez Fashion Industries Limited.

Bangladesh’s RMG exports to the EU surged to $3.69 billion in two months, up from $2.69 billion last year, amid a 36.99 per cent global export growth.
The EU’s apparel imports rose 17.81 per cent YoY to $16.10 billion, with volume up 28.66 per cent and unit prices down 8.44 per cent.
China led with $4.54 billion exports, while Turkiye saw a 3.64 per cent decline.

Jaipuria Group, an Indian conglomerate, has acquired ClearDekho, an affordable eyewear brand, in a full buyout. The acquisition aims to aggressively scale ClearDekho’s operations, targeting ₹300 crore topline in three years and 10% of India’s eyewear market share in five to seven years.

Luxury Swiss watchmakers are increasingly targeting India due to slowing consumption in China. Swiss watch exports to India surged nearly 30% in the first quarter of 2025, making it the fastest-growing market globally. This growth is fueled by a rising aspirational younger generation and expanding retail presence in both metros and smaller cities.

Most of the hikes in US prices came on Friday, with markups significantly higher in some categories than others, according to data compiled by Bloomberg News. The average price for the top 100 products in the beauty and health category increased by 51% from Thursday, with several of the items more than doubling in price. For home and kitchen products and toys, the average jump was more than 30%, led by a massive 377% increase in the price of a 10-piece set of kitchen towels. For women’s clothing the rise was 8%.

Bangladesh overtook China to become Turkiye’s largest apparel supplier in 2024, with imports rising 50 per cent to $692.226 million and its share increasing to 18.05 per cent.
In contrast, imports from China rose 28.07 per cent to $666.904 million.
Turkiye’s total apparel imports surged to $3.7 billion in 2024, marking a 3.5-fold increase over four years, while exports reached $17.44 billion.

A new report by Public Inc and Ipsos has revealed a major ‘say-do’ gap in sustainable shopping in US and Canada: 76 per cent of consumers identify as conscious shoppers, but only 38 per cent of purchases reflect those values.
Confusing sustainability claims deter nearly half of buyers.
The report urges brands to use clear, benefit-driven messaging to bridge this gap.

India’s gem and jewellery exports experienced an 11.72% decline in 2024-25, heavily impacted by a 70% drop in US orders following tariff implementations, leading to workforce reductions in Mumbai. Conversely, the textile sector in Tirupur is booming, witnessing a surge in inquiries and orders from US buyers seeking alternatives to China due to higher tariffs.

Carter’s has reported Q1 FY25 net sales of $630 million, down 4.8 per cent YoY, impacted by inflation, interest rates, and weak consumer confidence.
Operating income fell 52.6 per cent, and net income dropped to $15.5 million.
Carter’s suspended forward guidance due to leadership changes and tariff uncertainties.
CEO expressed confidence in the brand’s long-term growth potential.