Apparels

Crocs, Inc, has reported revenues of $4.1 billion in FY24, up 3.5 per cent, with adjusted EPS rising 9.5 per cent to $13.17.
In Q4 FY24 overall revenue grew by 3.1 per cent, however, Heydude revenues fell 13.2 per cent.
For FY25, Crocs expects 2-2.5 per cent revenue growth, a 24.0 per cent adjusted operating margin, and EPS between $12.70-$13.15.
Capex is projected at $80-$100 million.

COS’ garment-collection initiative repairs and recycles pre-loved clothing to extend its lifecycle.
The COS Restore programme cleans and resells gently used pieces, while unrepairable items are recycled.
COS REMADE debuts a denim capsule with five womenswear styles made from 20% reclaimed cotton, blending utilitarian design with artistry.
The collection highlights craftsmanship and timeless silhouettes.

HanesBrands has reported net sales of $3.51 billion for the full-year 2024, down 3.6 per cent YoY, with gross profit rising 5.2 per cent to $1.36 billion.
Q4 sales grew 4.5 per cent to $888.5 million.
Operating profit fell 30.2 per cent to $185.9 million.
Net loss widened to $320.4 million.
For 2025, the company expects net sales of $3.47-$3.52 billion and adjusted EPS of $0.51-$0.55.

Gucci’s India head, Nader Wassel, has resigned amid restructuring by parent company Kering. The brand saw a 22% drop in profit in FY24, despite a slight increase in revenue and higher advertising spend. Globally, Gucci faces challenges with significant declines in sales and recent leadership changes.

In 2024, Europe’s apparel imports fell by 7.24 per cent to $208.525 billion amid geopolitical unrest.
China and Bangladesh increased their market shares in apparel, while shares for Turkiye, Germany, and Italy declined.
Home textile imports also decreased, but China expanded its market share.
Fabric imports dropped, with China again boosting its share.

Tailored Brands, Inc has appointed Whit Alexander as executive VP and chief customer officer, effective February 24, 2025.
Reporting to CEO Peter Sachse, he will drive growth through customer insights and marketing innovation.
Previously with McKinsey, Best Buy, and Target, Alexander brings expertise in brand strategy, analytics, and personalisation.
He looks forward to enhancing customer relationships.

Delta Galil has reported sales of $2,045.7 million in 2024, up 10 per cent YoY, with gross profit at $856.3 million.
Gross margin rose to 41.9 per cent due to higher private label and DTC sales.
EBIT reached $169.2 million, and net income grew 11 per cent to $94.6 million.
Q4 sales rose 18 per cent to $599.2 million.
For 2025, sales are forecast at $2,118-$2,165 million, with EPS at $3.92-$4.15.

Gold prices have soared to record highs, negatively impacting jewellery sales in India during the wedding season. Jewellers in India and China offer significant discounts to lure buyers, but demand remains weak due to high prices, affecting both markets significantly.

PN Gadgil Jewellers Q3 Results: P N Gadgil Jewellers reported a 49.4 per cent YoY profit growth in Q3 FY25, reaching ₹86 crore. Revenue rose 23.5 per cent to ₹2,435.7 crore, driven by strong retail, e-commerce, and franchise performance, alongside aggressive showroom expansion.

Wolverine Worldwide has named Brett Parent as chief strategy officer, effective February 3, 2025.
He will lead enterprise strategy, oversee Consumer Marketing, and drive global growth.
With nearly 20 years at the company, Parent played a key role in its turnaround.
CEO Chris Hufnagel praised his leadership, while Parent expressed excitement for advancing the company’s global potential.