Apparels

G-III Apparel Group has reaffirmed its FY26 net sales outlook at $3.14 billion but withdrawn earnings guidance due to tariff-related uncertainty, which may add $135 million in costs.
Q1 FY26 sales dipped 4 per cent, but net income rose to $7.8 million.
Q2 sales are projected to decline year-on-year.
The company cut debt by 96 per cent and repurchased $19.7 million in shares.

Australia’s apparel and textile imports rose in the first ten months of FY25, with apparel and clothing accessories increasing by 7.38 per cent and textile yarn and fabrics by 5.89 per cent.
Fibre imports declined. In April 2025, monthly imports also grew.
However, textile fibre exports dropped by 13.56 per cent year-on-year.
Australia remains a major cotton exporter despite declining export values.

De Beers, currently being divested from Anglo American, has attracted interest from multiple consortia, including billionaire Anil Agarwal, Indian diamond firms like KGK Group and Kapu Gems, and Qatari investment funds. This move occurs amidst challenging global diamond prices as Anglo American shifts its focus to copper and iron ore.

Guess’s FY26 revenue is projected to grow 5.5–7.4 per cent.
It has reported a Q1 FY26 net loss of $32.9 million, impacted by derivative losses and rising costs, despite a 9 per cent revenue rise to $647.8 million.
Adjusted loss rose 61 per cent year-on-year.
Retail sales fell in key regions, while Americas Wholesale surged.
The company also completed its Rag & Bone acquisition.

Torrid has reported a 4.9 per cent YoY decline in Q1 FY25 net sales to $266 million, with net income halved to $5.9 million.
Gross margin fell to 38.1 per cent and operating cash flow turned negative at $18 million.
The company plans up to 180 store closures and expects a $40–$45 million revenue hit from pausing China-sourced shoes, but no EBITDA impact.

Lululemon Athletica posted a strong Q1 FY25 with 7 per cent revenue growth to $2.4 billion and international sales up 19 per cent.
EPS rose to $2.60.
For Q2, it projects up to $2.56 billion in revenue and EPS of $2.85–$2.90.
FY25 guidance remains at $11.15–$11.30 billion in revenue and EPS of $14.58–$14.78, despite macroeconomic and tariff risks.

Kering, controlled by family of CEO Francois-Henri Pinault, bought 715-717 Fifth Avenue in January 2024 for $963 million to secure a top retail location in one of the world’s most popular shopping streets.

Trade body DCCI has said that the port store rent exemption only for imported raw materials used in Bangladesh’s readymade garment industry will create disparity among industries.
Without improving the supply chain, proper logistics management at the Chattogram port and sound communication infrastructure, a mere four-fold rise in store rent will raise the cost of doing business, DCCI lamented.

Cambodia has emerged as Japan’s third-largest apparel supplier, rising from fifth position in 2022.
In Q1 2025, Japan imported $433.63 million worth of apparel from Cambodia, marking a 24.06 per cent year-on-year rise.
Cambodia’s share rose to 7.23 per cent of Japan’s total apparel imports.
The two nations are also deepening ties through the new Cambodia-Japan Economic Co-Creation Package.

The Foreign Investors’ Chamber of Commerce and Industry in Bangladesh fears several tax measures proposed in the budget may disproportionately burden individuals and businesses.
It said the rise in minimum tax from 0.6 per cent to 1 per cent for companies would be a threat to SMEs and loss-making firms.
The VAT hike on online sales from 5 per cent to 15 per cent would hamper the e-commerce sector.