Apparels

Nike has reaffirmed its outlook for H2 FY25, driven by its ‘Win Now’ strategy, aligning with earlier guidance.
CEO Elliott Hill and CFO Matthew Friend expressed confidence in the brand’s momentum and innovation focus.
In Q3 FY25, revenue declined 9 per cent to $11.3 billion, with net income down 32 per cent to $0.8 billion and EPS falling 30 per cent to $0.54.

With the US imposing higher tariffs on Chinese exports of men’s cotton trousers (HS 620342), Bangladesh is poised to strengthen its lead in the market.
Its high RCA and low UVR give it a strong price advantage.
Meanwhile, Pakistan emerges as a competitive alternative, while Mexico and Vietnam face headwinds due to higher prices and weaker comparative advantages.

Caleres has reported net sales of $2.72 billion in FY24, down 3.4 per cent YoY, with Q4 sales falling 8.3 per cent YoY.
FY25 guidance includes flat to ±1 per cent sales growth, EPS of $2.80–$3.20, and 75 per cent of Brand Portfolio sourcing outside China by the second half.
The Stuart Weitzman acquisition is expected by summer 2025, as the company adopts a cautious outlook.

AS Roma midfielder Niccolò Pisilli becomes the first Italian footballer to join Skechers, wearing the SKX_1.5 Elite boots.
A rising talent for club and country, he will lead Skechers Football campaigns in Italy.
Known for his versatility and skill, Pisilli joins as Skechers expands its innovative football boot range, including the Electrum Pack and Razor speed boot.

Parnika India is set to expand its operations to southern and eastern India and diversify its product lines to include uniforms and men’s wear. The company aims to achieve Rs 160 crore in revenue by FY 25-26 and emphasizes empowering women, with a goal of at least 50% female staff.

Agilitas Sportswear has appointed Ajay Kumar Pandey as director – quality, production, technical & manufacturing excellence.
With over 25 years of experience, including a key leadership role at Puma, Pandey is known for driving global quality, innovation, and manufacturing excellence.
He will lead production, technical operations, and order management.

Gold prices are set for a third consecutive week of gains, driven by the Federal Reserve’s rate cut signals and increasing demand due to geopolitical and economic uncertainties. Spot gold eased slightly to USD 3,034.09 an ounce, having hit a record high of USD 3,057.21 on Thursday. The market remains bullish despite global tensions and economic challenges.

Jewellery exporters at SEEPZ in Mumbai have requested government permission to manufacture jewellery for the domestic market, anticipating job losses due to forthcoming US tariffs. The US’s reciprocal tariffs could severely impact India’s jewellery exports. Industry leaders suggest reducing import duties on US gold jewellery or permitting domestic production to safeguard jobs and sustain the sector.

J.Jill, Inc has announced that it expects net sales to decline by up to 4 per cent in Q1 FY25 but rise by 1 to 3 per cent for the full fiscal, with adjusted EBITDA projected at $101–106 million.
In FY24, net sales grew 0.5 per cent to $610.9 million, while Q4 saw a 4.9 per cent drop.
The company opened 14 stores in FY24 and plans further expansion and system upgrades.

Malabar Gold & Diamonds invested Rs 600 crore to open 12 new showrooms by month’s end, bringing their total to 391 across 13 countries and 19 Indian states. The expansion will create 400 jobs. By FY25, the total will be 42 new showrooms. They plan to open 60 more globally in 2025, with five new showrooms in April.