Apparels

Nike has reported flat FY26 revenue of $46.4 billion as North American growth offset weaker demand in China and EMEA.
Wholesale sales increased, while Nike Direct and Converse declined.
Despite lower annual profit, the company advanced its long-term growth strategy.
In Q4, revenue dipped 1 per cent, but tariff recovery sharply lifted gross margin, net income, and earnings per share.

CPTPP parties will begin preparatory discussions with the Philippines, Indonesia, and the UAE after a virtual commission meeting recently.
For apparel and textile exporters, any future Philippine accession could mean lower tariffs, simpler rules, and stronger supply-chain links.
The talks do not guarantee accession or formal negotiations.

Türkiye’s apparel exports fell 4.59 per cent year on year to $6.464 billion in January-May 2026 as weak demand continued to weigh on shipments.
The slowdown deepened in May, when exports dropped 13.85 per cent after April’s brief recovery, amid cautious global buying, smaller orders, and rising competition from lower-cost sourcing destinations.

Turkiye’s apparel exports show a strategic shift rather than a simple slowdown.
Weak EU demand is being partly offset by growth in the Middle East, Eastern Europe, Africa and the Americas, but newer markets may not match Europe’s margins.
Sustained growth will depend on leveraging textile integration, faster lead times, compliance and higher-value, design-led apparel.

Misto Holdings has unveiled its 2030 Sustainability Roadmap, strengthening its data-driven ESG strategy with measurable climate, supply chain and governance targets.
The company set 2030 GHG reduction goals, achieved 100 per cent Tier 1 supplier compliance participation, cancelled KRW 268.2 billion in shares to improve shareholder value, and retained strong global ESG ratings.

Bangladesh’s proposed FY2026-27 budget offers major relief to the apparel sector through tax cuts, lower import and export levies, support for MMF diversification, renewable energy incentives and reduced compliance burdens.
Will it be able to provide the much-needed thrust to the RMG sector which continues to grapple with multiple challenges?

According to the report, home textiles remain one of India’s strongest export segments, with premiumisation, value-added products, sustainability-led sourcing and brand penetration expected to drive long-term growth.

Indian households are cashing in on high gold prices, selling nearly 50 tonnes of old jewellery in the last quarter, a 43% jump year-on-year. Fearing a price drop from ₹1.4 lakh to ₹1.2 lakh per 10 gm, consumers are opting for cash over new ornaments. This trend fuels the organised gold recycling industry, bringing idle gold back into circulation and reducing import reliance.

Chile’s apparel imports fell 3.95 per cent year on year to $717.41 million in the first quarter of 2026, with man-made fibre garments retaining their dominant position, accounting for 47.01 per cent of imports.
China remained the leading supplier with a 76 per cent market share, while knitted apparel continued to outperform woven garments despite softer overall demand.

Germany, France and the Netherlands are advocating coordinated European action against ultra-fast fashion.
They raised the topic recently at the EU Environment Council in Luxembourg, and called on the European Commission to make existing and planned EU provisions more effective against short-lived, low quality textiles.
Germany favours stringent provisions for textiles under the EU Ecodesign Regulation.