Apparels

The American Apparel & Footwear Association and the Fair Labour Association recently wrote to King Abdullah II of Jordan urging his government and all constituencies to fully support the future of the ILO- IFC Better Work Jordan programme and the Workers Centre, supported by ILO.
The elimination of these programmes would stymie the growth of Jordan’s garment industry, their letter said.

Dr Martens has reported a 10 per cent revenue drop to $1.071 billion for FY25 in its preliminary results, with adjusted profit before tax falling to $46.4 million.
Despite the decline, it met key goals including DTC growth in the Americas, $34 million in cost savings, and a stronger balance sheet.
Its new strategy, Levers For Growth, targets profit recovery in FY26.

Lands’ End has reaffirmed its FY25 outlook, targeting $1.33–1.45 billion in revenue and $95–107 million in adjusted EBITDA, supported by strategic inventory and licensing transitions.
It reported an 8.5 per cent revenue decline to $261.2 million in Q1 FY25, with a widened net loss of $8.3 million.
Despite this, gross margin improved to 50.8 per cent and GMV showed modest growth.

Shein and Reliance Retail are set to significantly expand their Indian supplier network, aiming for 1,000 suppliers within a year, up from the current 150. This expansion supports plans to begin exporting India-made Shein-branded clothing to international markets, including the U.S. and UK, within six to twelve months.

Lalithaa Jewellery Mart, a Chennai-based company, plans to raise Rs 1,700 crore through an IPO. The IPO includes a fresh issue and an offer-for-sale. Funds will support new store openings. The company has 56 stores across South India. It focuses on gold jewellery and offers customer schemes. Revenue increased significantly in Financial Year 2024.

Hennes & Mauritz, a popular fashion brand, might soon become a private entity. The Persson family, founders of H&M, are buying more shares. They now control a large portion of the company. This has led to speculation about taking H&M private. Despite family denials, experts believe a buyout could happen soon.

The Gurugram-based omnichannel eyewear brand Lenskart closed a $200 million secondary round in June 2024 at a $5 billion valuation. Singapore’s sovereign fund Temasek and US financial services giant Fidelity had participated in the round. The company is expecting a 10 billion valuation for its IPO, double it last funding round.

Sri Lanka’s garment exports rose 12.6 per cent year-on-year to $1.62 billion during January–April 2025.
Textile exports eased slightly, while exports of other textile articles grew modestly.
Combined textile-related exports accounted for over half of all industrial exports.
Imports of textiles and clothing also rose during the same period.
In 2024, garment exports grew 4.9 per cent.

Kyrgyz garment firms transferred $8,335 in taxes to the budget in January-April 2025.
The industry has seen a steady tax revenue growth.
The sector’s tax deductions rose 1.5 times in 2024 over the preceding year and hit $19,972.5.
Tax authorities say this growth is facilitated by government support measures, including tax breaks and a simplified tax regime for entrepreneurs working in the sector.

G-III Apparel Group has reaffirmed its FY26 net sales outlook at $3.14 billion but withdrawn earnings guidance due to tariff-related uncertainty, which may add $135 million in costs.
Q1 FY26 sales dipped 4 per cent, but net income rose to $7.8 million.
Q2 sales are projected to decline year-on-year.
The company cut debt by 96 per cent and repurchased $19.7 million in shares.