Apparels

Macy’s Inc has appointed Barbie Cameron as chief stores officer, effective February 16.
A 37-year Macy’s veteran, she previously served as SVP and regional director, East Region, and interim chief stores officer.
Reporting to COO/CFO Adrian Mitchell, she will lead store operations and drive Macy’s Bold New Chapter strategy to enhance customer experience and modernisation.

“The results for the quarter also include a one-time exceptional expenditure of Rs 10.8 crore towards VRS in our factory – consistent with our long-term strategy towards building capability, agility and efficiency in our supply chain,” it added.

Union Minister Giriraj Singh announced efforts to improve cotton productivity by involving CCI in trials across various districts. The government targets enhancing cotton yields to match global standards and aims to grow India’s textile market to USD 350 billion by 2030. Additionally, major global participation is expected at the upcoming Bharat Tex exhibition.

The Delhi High Court has recognized ‘Peter England’ as a well-known trademark due to Aditya Birla Fashion and Retail Limited’s extensive promotion and numerous stores nationwide. The court affirmed that ‘Peter England’ is the single source identifier of the company’s goods and services, granting exclusive rights to the plaintiff against trademark infringement.

Gold prices surpassed ₹85,000 per 10 gm in the physical market for the first time due to increased demand triggered by fears of a global trade war following new tariff plans announced by US President Donald Trump. This price surge has negatively impacted consumer sentiment, leading to a 25-30% drop in demand ahead of the March wedding season.

Under Armour has reported a revenue of $1.4 billion in Q3 FY25, down 6 per cent YoY.
The gross margin of the company rose 240 bps to 47.5 per cent, while SG&A expenses increased 6 per cent to $638 million.
Net income was $1 million with EPS of $0.00.
For 9M FY25, revenue fell 9 per cent to $3.98 billion, with a $113 million operating loss.
The adjusted net income was $35 million.

The OECD’s annual forum on due diligence in the garment and footwear sector, to be held from February 11-12 in Paris, France, will address the implementation of mandatory due diligence.
Key discussions will include purchasing practices, responsible disengagement, stakeholder engagement, sustainability initiatives, and measuring due diligence.

Mukesh Ambani-led Reliance Retail has re-launched Shein in India, sparking a fast fashion war and challenging competitors like Trent’s Zudio and Nykaa Fashion. Despite potential competitive pressures, experts suggest that Shein’s online-first model might face challenges in supply chain establishment and unit economics.

Historically, Welspun World has maintained a strong international presence, with textiles alone accounting for 90% of its exports. As a group, nearly 60% of its revenue has been generated from outside India. However, in the backdrop of India’s rapid economic growth and increasing demand, the company is now prioritising domestic expansion.

The UK imported $794.392 million worth of garments between January and October 2024, with over 50 per cent being man-made.
Cambodia supplied $250.989 million in cotton garments, while trousers, shorts, and jerseys led product categories.
Unisex garments dominated, making up 41.16 per cent of total imports.
Knitted garments accounted for 75.35 per cent.