Apparels

In 2024, Peru’s apparel imports from China during the first three quarters amounted to $387.704 million, a 2.72 per cent decrease from the previous year.
China maintained its position as the largest supplier with a 60.28 per cent market share.
The overall apparel imports to Peru slightly decreased by 0.92 per cent to $643.146 million compared to $649.338 million in 2023.

Mexico has increased textiles and apparel tariffs to 35 per cent (apparel) and 15 per cent (textiles) from December 2024 to April 2026 to counter unfair competition and support its domestic industry.
This move excludes countries with FTAs, like US and Canada.
While intended to protect local producers, the tariff hikes in Mexico may disrupt global trade, particularly for key exporters.

“Indra is designed to harness this momentum by tapping into India’s young population, the rise of organised players, and increasing demand. This initiative reflects a shared vision to educate stakeholders, empower retailers, and boost consumer demand,” Gjepc chairman Vipul Shah said.

Adidas partners with Mercedes-AMG PETRONAS F1 Team in a multi-year deal, marking its entry into Formula 1.
The collaboration will deliver high-performance team kits and fanwear, blending innovation, style, and speed.
With a focus on excellence, this partnership aims to redefine teamwear and engage fans through exclusive lifestyle products and limited-edition drops.

Gildan Activewear has been included in the Dow Jones Sustainability North America Index for the 12th consecutive year, ranking in the 98th percentile of the Textiles, Apparel, and Luxury Goods industry.
As the only apparel manufacturer on the index, Gildan’s commitment to ESG is integral to its long-term strategy, driving sustainable growth and value creation.

The gems and jewellery sector is urging the government for a GST reduction to 1 per cent in the upcoming Budget. With rising gold rates, the industry is finding the current GST rate burdensome. The proposed reduction would make jewellery more affordable, encourage compliance, and increase the formal economy size.

Indian diamond trade’s promotion of natural diamonds in China, in collaboration with Chow Tai Fook and De Beers, has not boosted sales. Diamond consumption has dropped since the COVID-19 pandemic. The spread of the HMPV virus adds to the uncertainty. Experts are hopeful for improved demand in the second half of 2025.

Kalyan Jewellers share price: Kalyan Jewellers experienced significant revenue growth of 41 per cent YoY for Q3 2024 in India, driven by festive and wedding demand. The company launched 24 new showrooms and saw substantial growth in the Middle East and digital platform, Candere. Plans for FY 2026 include launching 170 showrooms across various markets.

Macy’s, Inc has appointed Robert Chavez, former CEO of Hermès Americas, to its board of directors, effective April 1, 2025.
With over 45 years in luxury retail, Chavez brings extensive leadership experience.
Sara Levinson will retire per the board’s age policy.
Macy’s aims to leverage Chavez’s expertise to drive growth across its Macy’s, Bloomingdale’s, and Bluemercury brands.

In the first ten months of 2024, Turkiye’s apparel imports from Africa increased by 15.82 per cent to $366.611 million, while its exports to the continent fell by 26.82 per cent to $401.259 million.
Despite these fluctuations, Africa remains a minor player in Turkiye’s overall apparel trade, contributing only 12.24 per cent to imports and 2.84 per cent to exports.