Apparels

The US imposition of an additional 25 per cent tariff on Indian textile and apparel imports is triggering a major shift in sourcing strategies.
Many retail giants have reportedly paused sourcing from India, creating uncertainty among Indian exporters.
Analysts predict an estimated revenue loss of $4 to $5 billion for the Indian textile sector.

The TJX Companies has posted strong Q2 FY26 results with net sales up 7 per cent to $14.4 billion, comparable sales rising 4 per cent, and EPS climbing 15 per cent to $1.1.
Net income reached $1.2 billion, and margins improved on efficiencies.
H1 sales grew 6 per cent to $27.5 billion.
TJX raised its FY26 EPS outlook to $4.52–$4.57 and remains confident despite tariff pressures.

BRAC Institute of Governance and Development recently launched a project funded by the Danish embassy in Bangladesh that will assess energy use in textile and garment factories, provide strategic recommendations to improve efficiency and encourage renewable energy adoption.
The aim is to generate evidence-based policy recommendations to support a sustainable and competitive garments sector.

Egypt’s apparel exports in H1 2025 were worth nearly $1.608 billion—up by 25 per cent YoY, according to Apparel Export Council of Egypt, which has projected an annual export growth of 25-30 per cent for the sector.
The council targets $12 billion in exports by 2031 by raising the sector’s global competitiveness and feels the need to expand exports to African markets.

Arvind Fashions Limited (AFL) has announced the appointment of Saikot Das as its Chief Brand & Strategy Officer, effective August 19, 2025. Das will spearhead brand strategy, consumer engagement, and growth initiatives across AFL’s brand portfolio. He brings over two decades of experience from FMCG, retail, media, and apparel, including leadership roles at Levi Strauss & Co.

Amer Sports has posted strong Q2 2025 results with revenue up 23 per cent to $1.24 billion and net income at $18 million versus a loss last year.
Technical Apparel and Outdoor Performance drove growth, boosting margins.
Full-year revenue is forecast to rise 20–21 per cent, with strong segment outlooks.
Wilson CEO Joe Dudy will step down, with CFO Andrew Page appointed interim CEO.

UK clothing exports dropped 15.2 per cent YoY to $339 million in June 2025, reflecting weak European demand, higher costs, and Asian competition.
Quarterly and annual data show a persistent decline since 2021, highlighting post-Brexit trade frictions.
Textile fabrics and fibres remain steadier, but diversification and value-added strategies are vital for revival.

Sri Lanka’s Joint Apparel Association Forum hailed the UK’s plan to liberalise rules of origin under the DCTS from 2026, allowing garment makers to source 100 per cent of inputs globally while retaining tariff-free UK access.
The move boosts competitiveness, jobs, and exports, with officials noting stronger trade ties and benefits for brands, consumers, and Sri Lanka’s economy.

Beyond, Inc will rebrand as Bed Bath & Beyond, Inc and trade under ticker BBBY starting Aug 29, 2025.
Led by Marcus Lemonis, the company aims to grow Bed Bath & Beyond, rebuild Overstock to $1 billion, and monetise blockchain assets.
Plans include store conversions, omnichannel expansion, and continued acceptance of legacy coupons.

However, new form factors in wearable technology like smart rings, smart glasses and smart wristbands are finding traction among the customers, according to International Data Corporation’s (IDC) India Monthly Wearable Device Tracker.