Apparels

Escalating tensions between Israel and Iran have propelled domestic gold prices above ₹1,00,000 per 10 gm, reaching ₹99,170 before GST, driven by increased safe-haven demand. The overnight attack on Iran’s nuclear sites and military leadership by Israel, coupled with fears of global recession and US-China tariffs, further fueled the rally. Analysts suggest potential de-escalation could lead to a price retreat.

Arvind Ltd and Noize Jeans Ltd are set to invest Rs 584 crore in Budhi Barlai, Indore, after securing land allocations from MPIDC. Arvind plans to produce 60 lakh garments annually and establish a garment park, while Noize Jeans will focus on diverse manufacturing activities.

US-based women’s apparel retailer J.Jill, Inc has reported a 4.9 per cent year-on-year drop in Q1 FY25 net sales to $153.6 million, impacted partly by an OMS transition.
Comparable and direct-to-consumer sales declined, while gross margin fell to 71.8 per cent.
Net income dropped to $11.7 million, prompting the withdrawal of full-year guidance.

Asian gold demand weakened as rates soared, with Indian prices hitting a record high of 100,403 rupees per 10 grams, leading to steep discounts up to $63 an ounce. Chinese premiums slightly decreased, reflecting a seasonally quiet period. Singapore saw retail selling due to rising prices, while Japan experienced minimal premiums.

Torrid, a plus-size clothing store, plans to close 180 underperforming stores this year across the US. The closures, in part, are a result of more customers shopping online. About 70% of Torrid’s customers make purchases from the website. The plus-size community has taken to social media to express its disappointment with the closures.

Fidelity has increased Lenskart’s valuation to $6.1 billion, a 21% rise from its previous $5 billion valuation. The omnichannel eyewear retailer is preparing for a potential $1 billion IPO at a $10 billion valuation. Lenskart’s FY24 net loss decreased significantly, while operating revenue and EBITDA saw substantial growth, highlighting its strong financial performance.

Cambodia’s apparel exports surged by 22.93 per cent to $4.213 billion in January–May 2025, with knitted and non-knitted garments both seeing strong growth.
Apparel contributed over 35 per cent of total foreign income.
Imports of key raw materials such as knitted fabrics, man-made fibres, and cotton also increased.
This follows a 24.44 per cent rise in apparel exports in 2024, reversing a 2023 decline.

Designer Brands, parent of DSW, saw Q1 FY25 net sales fall 8 per cent YoY to $686.9 million, with comparable sales down 7.8 per cent.
Gross profit dropped to $295.1 million, and net loss totalled $17.4 million.
CEO Doug Howe cited macro uncertainty and weak consumer sentiment.
The company withdrew FY25 guidance and targets $20–30 million in cost savings amid tariff and margin pressures.

Nike collaborates with NorBlack NorWhite, an Indian fashion label. The collection launches globally on June 11. It features bandhani, an Indian tie-dye technique. The designs include sportswear for women. Indian athletes are part of the campaign. The collaboration brings Indian craftsmanship to the global stage. It is a cultural reset in motion.

Men’s ethnicwear brand Kisah Apparels has successfully raised Rs 13 crore in its latest funding round, led by Sagar Daryani of Wow Momo. With this fresh capital, the brand is set to enhance its physical retail footprint and direct-to-consumer initiatives.