Apparels

Puma’s first-quarter sales remained flat at 2.076 billion euros, slightly exceeding analysts’ expectations, but profit margins declined. Weak wholesale sales in the U.S. and China contributed to the downturn. The company maintains its 2025 outlook for low-to-mid-single-digit sales growth, excluding potential impacts from U.S. tariffs, while awaiting new CEO Arthur Hoeld to take charge and implement turnaround strategies.

Timex Group India Ltd (TGIL) is aggressively expanding its digital presence, including quick commerce, after a robust FY25 performance. The company reported a 46% surge in Q4 total income, reaching Rs 136.1 crore, and a 28% increase in FY25, hitting Rs 540 crore. “We are committed to building on this momentum and amplifying brand presence across the length and breadth of the country and touchpoints right from quick commerce to retail outlets,” said Deepak Chhabra, managing director of the company.

Timex Group India Ltd (TGIL) is aggressively expanding its digital presence, including quick commerce, after a robust FY25 performance. The company reported a 46% surge in Q4 total income, reaching Rs 136.1 crore, and a 28% increase in FY25, hitting Rs 540 crore. “We are committed to building on this momentum and amplifying brand presence across the length and breadth of the country and touchpoints right from quick commerce to retail outlets,” said Deepak Chhabra, managing director of the company.

Indian textile and garment leaders have welcomed the India–UK FTA, anticipating significant benefits amid ongoing export challenges.
The zero-duty access is expected to boost exports—particularly home textiles and apparel—and attract major investments.
Industry heads foresee stronger UK market penetration, a level playing field against global competitors, and support for government schemes.

India and the UK have finalised a Free Trade Agreement after years of negotiations, offering duty-free access to Indian textiles and garments.
Industry leaders hail it as a game-changer that will boost exports, create jobs, and enhance India’s market share in the UK.
The deal also strengthens India’s position for future FTAs, especially with the EU and the US.

The UK–India FTA eliminates tariffs on nearly all Indian textile and apparel exports to the UK, boosting competitiveness, especially for SMEs.
Exports are projected to nearly double by 2030, led by garments, followed by home and technical textiles.
The deal opens doors for deeper trade, innovation, and investment across both nations’ textile ecosystems.

Eight Roads Ventures also participated in the funding round. The funds will be used to pay for working capital requirements, capex needs and general corporate purposes. It last raised $15 million in 2022 in a round led by Eight Roads Ventures and Elevation Capital.

US has accused China of unfair trade practices that are harming its domestic textiles and apparel sector, citing plant closures and market flooding by low-cost Chinese goods.
Garment import prices from China have dropped by up to 20 per cent over the past 6 years, with January 2025 prices significantly lower than in 2019.
The trend supports concerns that cheaper imports are undercutting US industry.

Turkiye’s general consumer price index (CPI) increased by 3 per cent month on month (MoM) and by 37.86 per cent YoY in April, according to the Turkish Statistical Institute.
The clothing and footwear CPI increased by 16.92 per cent YoY and by 5.5 per cent MoM in the month.
The transportation CPI increased by 22.76 per cent YoY and by 3.8 per cent MoM in the month.

Nike, Inc has restructured its senior leadership, splitting Consumer, Product, and Brand into three areas—Consumer and Sport, Marketing, and Product Creation—reporting directly to CEO Elliott Hill.
Heidi O’Neill will retire after 26 years, remaining an advisor until September 2025.
Hill praised her lasting impact on the brand and sport globally.