Apparels

Skechers reported Q4 2024 sales of $2.21 billion, up 12.8 per cent YoY, driven by strong domestic (18.0 per cent) and international (9.8 per cent) growth.
Full-year sales rose 12.1 per cent to $8.97 billion.
Net earnings hit $639.5 million, with EPS at $4.16.
For 2025, sales are projected at $9.70–$9.80 billion, with EPS of $4.30–$4.50.
Q1 sales are expected at $2.40–$2.43 billion.

Gunze Limited has reported net sales of ¥102.92 billion (~$677.2 million) in 9M FY24, up from ¥101.45 billion in 2023.
Gross profit rose to ¥32.59 billion (~$214.72 million), while operating profit reached ¥6.38 billion.
Net profit increased to ¥4.47 billion, with EPS at ¥266.96 ($1.76).
Lower non-operating expenses and higher ordinary profit contributed to overall earnings growth.

New Delhi [India], With a legacy of over a decade now, the fast fashion brand RIGO is taking its offline expansion to the next level with the launch of its flagship 1,000 sq. ft. store in Shaheen Bagh, Delhi, following the successful debut of its first company-owned store in Hauz Khas in August 2024. Strengthening its retail footprint, RIGO is now available in 20+ standalone Multi-Brand Outlets (MBOs) across India.

Macy’s Inc has appointed Barbie Cameron as chief stores officer, effective February 16.
A 37-year Macy’s veteran, she previously served as SVP and regional director, East Region, and interim chief stores officer.
Reporting to COO/CFO Adrian Mitchell, she will lead store operations and drive Macy’s Bold New Chapter strategy to enhance customer experience and modernisation.

“The results for the quarter also include a one-time exceptional expenditure of Rs 10.8 crore towards VRS in our factory – consistent with our long-term strategy towards building capability, agility and efficiency in our supply chain,” it added.

Union Minister Giriraj Singh announced efforts to improve cotton productivity by involving CCI in trials across various districts. The government targets enhancing cotton yields to match global standards and aims to grow India’s textile market to USD 350 billion by 2030. Additionally, major global participation is expected at the upcoming Bharat Tex exhibition.

The Delhi High Court has recognized ‘Peter England’ as a well-known trademark due to Aditya Birla Fashion and Retail Limited’s extensive promotion and numerous stores nationwide. The court affirmed that ‘Peter England’ is the single source identifier of the company’s goods and services, granting exclusive rights to the plaintiff against trademark infringement.

Gold prices surpassed ₹85,000 per 10 gm in the physical market for the first time due to increased demand triggered by fears of a global trade war following new tariff plans announced by US President Donald Trump. This price surge has negatively impacted consumer sentiment, leading to a 25-30% drop in demand ahead of the March wedding season.

Under Armour has reported a revenue of $1.4 billion in Q3 FY25, down 6 per cent YoY.
The gross margin of the company rose 240 bps to 47.5 per cent, while SG&A expenses increased 6 per cent to $638 million.
Net income was $1 million with EPS of $0.00.
For 9M FY25, revenue fell 9 per cent to $3.98 billion, with a $113 million operating loss.
The adjusted net income was $35 million.

The OECD’s annual forum on due diligence in the garment and footwear sector, to be held from February 11-12 in Paris, France, will address the implementation of mandatory due diligence.
Key discussions will include purchasing practices, responsible disengagement, stakeholder engagement, sustainability initiatives, and measuring due diligence.