Apparels

Foot Locker reported preliminary Q1 2025 results with a 2.6 per cent drop in comparable sales YoY, including a 0.5 per cent decline in North America.
The company expects a net loss of $363 million versus $8 million profit last year.
On a non-GAAP basis, net loss is projected at $6 million.
CEO Dillon cited weak global traffic, but highlighted continued discipline in promotions, inventory, and expenses.

Libas, the apparel brand, has partnered with Zepto to offer quick deliveries of select fashion styles in 10–12 minutes across 50 Indian cities. This move signals Libas’ shift towards fast fashion, leveraging speed and digital access.

Miraggio, a fashion handbag and accessories brand, has secured Rs 55 crore in Series A funding to fuel its expansion plans. The company aims to open 15-20 experiential stores in the next two years and further expand to 40-50 stores in tier-1 and tier-2 cities over the next four to five years.

Gold prices have decreased, leading to more customers visiting jewellery stores. Demand is up for 18-carat and 22-carat jewellery due to the wedding season. US-China trade tensions easing also contributed to the price drop. Jewellers are seeing increased interest in affordable options. Some customers are placing orders early, anticipating future price increases.

India has imposed restrictions on imports of garments and textiles from Bangladesh, addressing long-standing demands from its domestic industry.
The move follows Bangladesh’s earlier restrictions on Indian yarn imports.
Industry leaders expect trade benefits worth ₹1,000-2,000 crore and a reduction in backdoor Chinese fabric entries.
The decision aims to support India’s garment manufacturing sector.

As EU plans to expand its CBAM to include textiles, Indian textiles face growing pressure to meet strict environmental standards.
Despite stable export growth and moderate fossil fuel reliance, India lags behind its competitors in renewable energy use.
To secure EU market access, India must urgently invest in clean energy solutions, modernise infrastructure, and embrace sustainable manufacturing.

Indian textile stocks surged following the ban on Bangladesh imports via land ports. This ban is expected to boost the domestic textile sector by over Rs 1,000 crore. Siyaram Silk Mills and other textile companies experienced significant gains. Industry experts anticipate potential supply issues and price increases for certain garments.

Globally, gold prices rose above $3,220 per ounce on Monday, bouncing back from last week’s sharpest drop in six months. The rebound was driven by renewed safe-haven demand following Moody’s downgrade, which highlighted fiscal imbalances and increasing debt costs.

India has curbed imports of RMG and other goods from Bangladesh through land ports, especially those in Meghalaya, Assam, Tripura and Mizoram, as well as through Phulbari and Changrabandha in West Bengal.
Starting May 17, it has limited the entry of Bangladesh RMG products to only Kolkata and Nhava Sheva seaports.
Import of cotton and cotton yarn waste shall also not be allowed via any land port.

India bans garment imports from Bangladesh via land routes. This decision aims to boost local textile manufacturing. The move could generate over ₹1,000 crore for Indian businesses. Some branded garments might face supply issues, potentially raising prices slightly. The industry anticipates reduced backdoor entry of Chinese fabrics. Supply chains will likely experience short-term disruptions.