Apparels

NEWME launches 60-min fashion delivery in Bengaluru, plans expansion to Mumbai and Hyd

NEWME has introduced NEWME Zip, a 60-minute fashion delivery service in Bengaluru, following a successful pilot in Delhi-NCR. The brand leverages dark stores and retail outlets, testing in-house riders to enhance delivery. Aiming to expand to Hyderabad and Mumbai, NEWME reported 3x growth last fiscal year and plans to add 10-12 offline stores this year, joining the quick commerce trend.

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German sportswear company Adidas reports data security breach

Adidas has disclosed a data breach involving unauthorised access to limited consumer information via a third-party customer service provider.
The exposed data includes only contact details—no passwords or payment data were compromised.
The company has launched an investigation with cybersecurity experts and is informing affected users and authorities.

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Bangladesh’s leather exports drop 64% in 10 yrs as CETP not complete

Bangladesh’s leather exports have dropped by over 64 per cent in the last decade, primarily due to non-completion of the central effluent treatment plant at the Savar Tannery Estate—a key requirement for obtaining global environmental certifications.
Trade body LFMEAB called for immediate action, including appointing an accredited operator for CETP and offering green financing.

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Silver jewellery sales drive US retail growth; Indian exporters eye growth: Survey

The US retail market is witnessing a silver revolution, as robust sales figures emerge from a recent survey. High profit margins in silver jewellery are attracting the attention of Indian exporters, positioning them to capitalize on this trend. In 2024, retailers are celebrating increased sales and a boost in inventory.

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Slikk raises $10 million in Series A led by Nexus Venture Partners to fuel 60-minute fashion commerce push

Bengaluru-based quick-commerce fashion startup Slikk has secured $10 million in Series A funding led by Nexus Venture Partners, with Lightspeed also participating. The company plans to utilize the funds to broaden its offerings into beauty, personal care, accessories, and footwear.

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Aditya Birla Fashion stitches a ₹500-crore turnaround plan

Aditya Birla Fashion and Retail (ABFRL) plans a ₹500 crore capital expenditure in 2025-26, aiming to turnaround loss-making ventures like TCNS Clothing and TMRW. With recent fundraising, ABFRL intends to triple in scale and double profitability in five years, despite current subdued retail sales growth. Excluding TMRW, the group anticipates being EBITDA positive next year.

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India’s leather industry sees modest recovery, hits $4.36 bn in FY25

India’s leather and leather goods exports rose marginally by 1.86 per cent to $4.36 billion in FY 2024–25, recovering slightly from a 9.89 per cent decline the previous year.
March 2025 exports grew 7.75 per cent month on month.
The US, Germany and the UK were the top markets, accounting for over 42 per cent of total shipments.
Other key destinations included Italy, Spain, France and China.

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