Apparels

Brooks Running has reported Q1 2025 revenue, up 15 per cent YoY, with growth across all regions.
North America up by 13 per cent YoY, including 38 per cent increase in Canada.
Key launches including Glycerin 22 and Hyperion Elite 4 PB boosted full-price footwear sales by 27 per cent.
US specialty retail channel saw a 20 per cent YoY increase.
Brooks also launched the Hyperion Elite 4 PB in Q1.

Tariffs on diamonds would function as a consumption tax, raising prices on engagement rings, anniversary gifts, and other jewellery purchased by American families.

Hugo Boss reported first-quarter revenue of 999 million euros, exceeding analysts’ expectations despite subdued global consumer sentiment and macroeconomic uncertainty. The premium fashion retailer confirmed its full-year forecast, anticipating 2025 group sales to range between 4.2 billion and 4.4 billion euros. Luxury groups are facing challenges due to tighter consumer spending and slowing demand, particularly in the U.S. and China.

Zalando, a European online fashion retailer, saw its first-quarter revenue surpass expectations. The revenue for the three months ending March 31 reached 2.420 billion euros. This beat analysts’ forecasts. The company’s active customer base grew to 52.4 million. This is up from 49.5 million last year. Despite global economic uncertainties, Zalando reaffirmed its 2025 financial outlook.

Lifestyle and athletic footwear and apparel brand Skechers will be acquired by 3G Capital for $63 per share in cash, offering a 30 per cent premium.
Shareholders can alternatively opt for $57 and an equity unit in a new private firm.
The company will retain its leadership and HQ in Manhattan Beach, focusing on innovation, global growth, and strategic investments with 3G’s support.

Indonesia’s Chamber of Commerce and Industry is lobbying the US National Cotton Council (NCC), hoping to help the former’s garment exports enjoy the lowest US import tariff possible.
It is considering a deal with NCC in which the former purchases US-made processed cotton and exports the final garment product back to the US.
It also requested NCC to help lobby the US government through the USTR.

Bombay Dyeing & Manufacturing Co reported a significant decline in consolidated profit, down 82.6% to Rs 11.54 crore in Q4 2025, with total income also decreasing by 12.42%. The annual net profit for FY25 fell by 83.4% to Rs 490.16 crore, despite the board recommending a final dividend of 60% at Rs 1.20 per share.

South Korea’s apparel imports rose slightly to $3.054 billion in Q1 2025, with March imports jumping 6.32 per cent year-on-year and 20.67 per cent month-on-month.
Imports of knitted items grew, while non-knitted declined.
Apparel imports in 2024 reached $12.366 billion.
Textile exports such as man-made filaments and knitted fabrics fell in both Q1 2025 and full-year 2024 compared to previous periods.

3G Capital is set to acquire Skechers USA for $9.4 billion, marking the footwear industry’s largest buyout amidst challenges posed by US tariffs. The deal, expected to close in Q3 2025 and financed through a combination of cash and debt, will take Skechers private, with CEO Robert Greenberg continuing to lead the company.

US trade body FDRA, along with dozens of US footwear firms, recently urged President Donald Trump to exempt footwear from the new reciprocal tariffs to avoid severe consequences for workers and consumers.
Their letter cautions that without swift relief, the tariffs could force hundreds of businesses to close, eliminate tens of thousands of jobs and drive up costs for US families.