Apparels

AstorMueller AG, a Swiss footwear giant, has announced a joint venture named nuvora with India’s Gaurik Group, aiming to establish India as a key market. This partnership seeks to leverage India’s growing consumer base and demand for premium international brands. nuvora plans a multi-channel approach, targeting the top 20 cities and opening 10-12 Bugatti stores this fiscal year.

P N Gadgil Jewellers (PNG) reported a robust FY25, marked by a 25.9% revenue surge, fueled by strong retail growth and digital expansion. Q4 revenue increased by 5.1%, with retail contributing significantly. E-commerce soared by 243.8%, while franchisee operations grew by 37.2%.

Gold prices in Kolkata experienced a nearly 3% drop, falling to ₹88,401 per 10 gm, triggering a surge in demand from wedding shoppers and bullion investors. Jewelers anticipate a significant increase in sales volume this week, driven by the price correction and upcoming wedding season.

Bangladesh Chief Adviser Muhammad Yunus will write to President Donald Trump today requesting a three-month suspension of the 37-per cent US reciprocal tariff.
The nation’s Commerce Ministry will send a separate letter to the US trade representative requesting the same.
The letters will commit to removing tariff and non-tariff barriers, and addressing obstacles for US businesses in Bangladesh.

Kalyan Jewellers reported a 37 per cent year-on-year increase in consolidated revenue for Q4 FY2024-25, despite volatile gold prices. The company saw substantial growth in India operations with 21 per cent same-store sales growth. Additionally, 25 new Kalyan and 14 Candere showrooms were opened, and further expansions are planned.

Australia’s apparel and clothing accessories imports rose by 7.84 per cent to Au$9.082 billion (~$5.558 billion) during July 2024–February 2025, despite a slight MoM dip in February.
Textile yarn and fabric imports also increased, while fibre imports declined.
For FY24, overall imports and exports in the textile sector showed notable declines.

Nike and Adidas prices may rise in the US after President Trump imposed additional tariffs on Vietnamese, Indonesian, and other southeast Asian sportswear manufacturers. This escalation affects supply chains and could lead to increased costs for retailers. Brands are exploring strategies to mitigate the impact, but significant price hikes seem inevitable.

US garment retailers are urging Indian apparel manufacturers to absorb some price increases caused by President Trump’s 26 per cent tariff on Indian products, which is less than on Vietnam, Bangladesh, Cambodia, and Pakistan. Indian manufacturers may offer a 5 per cent discount and seek government subsidies to expand and modernize factories, enhancing their competitiveness.

Iconic Aussie brand Bonds is bringing its ‘Made for Down Under’ comfort to the US with a bold campaign starring Robert Irwin and Tkay Maidza.
Known for keeping Aussies comfy for over 100 years, Bonds now offers Americans its hardworking undies, blending cheeky charm with everyday comfort.
The campaign rolls out nationwide across digital, OOH, social, podcasts, and connected TV.

Lenskart Co-founder Peyush Bansal stresses the importance of deep customer focus for scaling businesses and lowering customer acquisition costs. He challenges the hype around omnichannel strategies, emphasizing that customers, not channels, are omni, and that the customer experience is paramount whether online or offline.