Apparels

Vietnam’s trade with Singapore hit a record $23.5 billion in 2024.
Apparel imports from Vietnam rose 6.35 per cent to $181.608 million, with Vietnam holding an 8.98 per cent market share.
In 2023, Singapore imported $190.110 million in apparel from Vietnam.
Trousers & shorts led imports, followed by T-shirts and shirts.
Fabric and home textile imports remained negligible.

Nigeria’s Kano state has vowed to strengthen economic ties with Tunisia, focusing on agriculture, infrastructure, and trade, with plans under way to collaborate with the country in garment production and the dye industry.
The state’s governor Abba Yusuf said this during a courtesy visit by the Tunisian ambassador to Nigeria Mohsen Antit during the Tunisia-Nigeria Multi-sectoral Economic Forum.

This strategic move is aligned with the Comprehensive Economic Partnership Agreement (CEPA) signed between the United Arab Emirates and New Zealand, which fosters increased trade and economic collaboration between the two nations, Malabar Gold & Diamonds said in a statement.

The All India Gem & Jewellery Domestic Council (GJC) has requested the government to reduce GST on bullion and precious ornaments from 3 per cent to 1.25 per cent. This adjustment aims to ease the tax burden on consumers, stimulate sales, and support the Indian jewellery industry in alignment with the ‘Make in India’ initiative.

Canada Goose reported Q3 FY25 revenue of $607.9 million, down 2.2 per cent on a constant currency basis.
DTC revenue rose 0.7 per cent, while wholesale declined 7.5 per cent.
Gross profit increased to $452 million with a 74.4 per cent margin.
Net income rose to $139.7 million.
The company lowered FY25 guidance due to weaker DTC sales and higher marketing spend.

Between July 2024 and January 2025, Bangladesh’s ready-made garment exports grew by 12 per cent to $23.552 billion, indicating a robust increase from the previous fiscal year.
Knitted and woven garments led this growth, which represents 83 per cent of the country’s total exports, as per the EPB.
Exports of home textiles and cotton products also showed notable increases.

China recently announced adding US clothing company PVH Group, which owns brands like Calvin Klein and Tommy Hilfiger, to the Unreliable Entity List, accusing it of cutting normal transactions with Chinese enterprises and adopting discriminatory measures against Chinese firms.
PVH has reportedly criticised the decision, saying it would work with Chinese authorities to resolve the issue.

Page Industries has reported a revenue of ₹13,131 million (~$150 million) in Q3 FY25, up 7.1 per cent YoY, with sales volume rising 4.7 per cent to 57.8 million pieces.
EBITDA grew 33.6 per cent to ₹3,025 million (~$34.5 million), and PAT increased 34.3 per cent to ₹2,047 million.
For 9M FY25, revenue reached ₹38,368 million (~$438.3 million), with EBITDA up 19 per cent and PAT up 22.6 per cent.

Tata-owned Trent plans to sell a 29 per cent stake in its joint venture running Massimo Dutti in India, retaining a 20 per cent share post-transfer. Despite recent share drops due to slow sales growth and market competition, Trent remains committed to expanding and enhancing its store portfolio, posting significant revenue and profit increases last quarter.

Trent Q3 Results 2025: The Q3 FY25 revenue from operations stood at Rs 4,657 crore, marking a 34 per cent increase over Rs 3,467 crore reported in the corresponding quarter of the previous financial year.