Apparels

Wolverine Worldwide’s FY24 revenue has declined 21.8 per cent to $1.76 billion, though gross margin rose to 44.5 per cent due to lower costs.
The Active and Work groups revenue fell 13.4 and 5.3 per cent respectively.
Q4 FY24 overall revenue declined 6.1 per cent to $494.7 million.
CEO Hufnagel highlighted a successful turnaround.
FY25 revenue is expected to grow 2.5–4.3 per cent.

Marimekko has recorded net sales of €182.6 million (~$190.78 million) in full FY24, driven by retail growth in all markets.
Q4 saw record-high sales of €54 million (~$56.7 million), with strong retail performance.
In 2025, international sales, especially in Asia, are expected to grow, while Finland remains stable.
Marimekko’s 2025 outlook hit by economic uncertainty, low demand, and inflation.

Adidas Originals and JJJJound reunite for two premium Superstar iterations, crafted in Adidas’ Scheinfeld factory.
The white pair, based on the Superstar 82, and the black pair, inspired by the Superstar II, honour the sneaker’s legacy.
Featuring leather-wrapped shell toes, textured Three Stripes, premium leather uppers, and co-branded details, they come in special packaging with JJJJound tissue paper.

Forever 21, operated by F21 OpCo in the U.S., is preparing to close at least 200 more stores and may initiate a Chapter 11 bankruptcy process next month. If no buyer is found, it might liquidate its remaining 350 stores. Catalyst Brands, which owns F21 OpCo, also operates SPARC Group’s brands like Aeropostale and Lucky Brand.

Fenix Outdoor’s 2024 net sales fell to €685.6 million (~$716.9 million) from €739.4 million in 2023, with profit margin dropping to 5.5 per cent.
Net profit plummeted to €14.7 million from €32 million.
EBITDA and operating profit also declined.
North America and Korea faced challenges, while China’s JV performed well.
Q4 net sales dipped 3.1 per cent, but operating profit improved.

Domestic cotton prices in India remain higher than international prices, but demand for the Indian textile sector is improving. Indian textile companies have shown healthy growth, aided by stable cotton prices and favorable forex rates. Government initiatives and customs duty hikes on fabric imports are expected to benefit the sector. However, capacity constraints in garment manufacturing pose challenges.

Jewellers in India have reported significant growth in demand for diamond-studded jewellery during Valentine’s Day, with a 35% increase compared to last year. Items priced between Rs 20,000-50,000 were highly popular, especially among young couples. The use of 14 karat gold instead of 18 karat has made diamond jewellery more affordable, contributing to the surge in sales.

Wacoal Holdings forecasts ¥181,000 million (~$1.2 billion) revenue and ¥4,500 million (~$29.7 million) profit for FY25.
The company has reported ¥133,534 million (~$880.75 million) revenue for the first nine months of FY2024-25, a 5.6 per cent YoY decline.
Business profit fell 70.9 per cent to ¥1,443 million, but operating profit rebounded to ¥11,075 million.

GJEPC has appointed Kirit Bhansali as chairman and Shaunak Parikh as vice chairman, aiming to drive transformative growth in India’s gem and jewellery industry. Bhansali emphasized initiatives like the India Jewellery Park, Gem Bourse, and global expansions while setting an ambitious export target of USD 100 billion by 2047.

Titan Co is in discussions with Qatar’s Mannai Corp to acquire a stake in Damas Jewellery, estimated at ₹4,500 crore. The acquisition would boost Titan’s presence in the GCC region. Previous talks failed due to valuation disputes, but renewed negotiations indicate strong interest from Titan.