Apparels

Mukesh Ambani-led Reliance Retail has re-launched Shein in India, sparking a fast fashion war and challenging competitors like Trent’s Zudio and Nykaa Fashion. Despite potential competitive pressures, experts suggest that Shein’s online-first model might face challenges in supply chain establishment and unit economics.

Historically, Welspun World has maintained a strong international presence, with textiles alone accounting for 90% of its exports. As a group, nearly 60% of its revenue has been generated from outside India. However, in the backdrop of India’s rapid economic growth and increasing demand, the company is now prioritising domestic expansion.

The UK imported $794.392 million worth of garments between January and October 2024, with over 50 per cent being man-made.
Cambodia supplied $250.989 million in cotton garments, while trousers, shorts, and jerseys led product categories.
Unisex garments dominated, making up 41.16 per cent of total imports.
Knitted garments accounted for 75.35 per cent.

Vietnam’s trade with Singapore hit a record $23.5 billion in 2024.
Apparel imports from Vietnam rose 6.35 per cent to $181.608 million, with Vietnam holding an 8.98 per cent market share.
In 2023, Singapore imported $190.110 million in apparel from Vietnam.
Trousers & shorts led imports, followed by T-shirts and shirts.
Fabric and home textile imports remained negligible.

Nigeria’s Kano state has vowed to strengthen economic ties with Tunisia, focusing on agriculture, infrastructure, and trade, with plans under way to collaborate with the country in garment production and the dye industry.
The state’s governor Abba Yusuf said this during a courtesy visit by the Tunisian ambassador to Nigeria Mohsen Antit during the Tunisia-Nigeria Multi-sectoral Economic Forum.

This strategic move is aligned with the Comprehensive Economic Partnership Agreement (CEPA) signed between the United Arab Emirates and New Zealand, which fosters increased trade and economic collaboration between the two nations, Malabar Gold & Diamonds said in a statement.

The All India Gem & Jewellery Domestic Council (GJC) has requested the government to reduce GST on bullion and precious ornaments from 3 per cent to 1.25 per cent. This adjustment aims to ease the tax burden on consumers, stimulate sales, and support the Indian jewellery industry in alignment with the ‘Make in India’ initiative.

Canada Goose reported Q3 FY25 revenue of $607.9 million, down 2.2 per cent on a constant currency basis.
DTC revenue rose 0.7 per cent, while wholesale declined 7.5 per cent.
Gross profit increased to $452 million with a 74.4 per cent margin.
Net income rose to $139.7 million.
The company lowered FY25 guidance due to weaker DTC sales and higher marketing spend.

Between July 2024 and January 2025, Bangladesh’s ready-made garment exports grew by 12 per cent to $23.552 billion, indicating a robust increase from the previous fiscal year.
Knitted and woven garments led this growth, which represents 83 per cent of the country’s total exports, as per the EPB.
Exports of home textiles and cotton products also showed notable increases.

China recently announced adding US clothing company PVH Group, which owns brands like Calvin Klein and Tommy Hilfiger, to the Unreliable Entity List, accusing it of cutting normal transactions with Chinese enterprises and adopting discriminatory measures against Chinese firms.
PVH has reportedly criticised the decision, saying it would work with Chinese authorities to resolve the issue.