Apparels

Purple Style Labs (PSL), the parent company of Pernia’s Pop-Up Shop, has secured $40 million in a Series E funding round. This capital will support PSL’s ambitious expansion plans and enhance their omnichannel capabilities to improve the shopping experience. The company has seen substantial growth since acquiring Pernia’s Pop-Up Shop in 2018.

Cambodia’s apparel exports rose by 26.29 per cent in January-February 2025, contributing 38.8 per cent of total foreign income.
Knitted and non-knitted apparel exports grew by 23.3 per cent and 31.0 per cent, respectively.
Imports of textiles also increased, with knitted fabrics rising by 12.9 per cent.
While overall trade performance was strong, exports were higher in January than in February.

Puma has achieved 4.4 per cent sales growth in FY24, reaching €8.82 billion (~$9.61 billion), with gains across all regions and product divisions.
EBIT remained stable at €622 million (~$678 million), while net income fell 7.6 per cent.
The company launched the Nextlevel efficiency programme to enhance profitability, targeting 8.5 per cent EBIT margin by 2027.

The American Apparel & Footwear Association and the Fair Labour Association have requested department of labour secretary Lori Chavez-DeRemer to ‘preserve, protect and promote’ the department’s Bureau of International Labour Affairs (ILAB) and its programmes to defend workers.
Both rely on the work of ILAB, which works globally to ensure a level-playing field for American workers, they said.

A groundbreaking ceremony was held for the first phase of Di Seta’s $40 million ready-made garments project in Qantara West Industrial Zone, covering 83,000 sqm.
The project will create 1,200 jobs and start operations in September.
SCZone aims to attract diverse industrial investments, with 15 projects in Qantara West totalling $490 million, creating over 20,000 jobs.

Inditex, owner of Zara, reported fourth-quarter sales in line with expectations, marking another year of strong growth. However, the first quarter saw slower sales growth. Despite this, the company remains committed to profitable growth and will increase its dividend. Inditex plans to open new stores in Iraq, Sweden, the Netherlands, and Germany.

Tanishq, an Indian jewelry brand from Tata Group, is expanding its US presence with openings in Redmond, Washington, and Cumming, Georgia. The new stores offer a range of fine gold and diamond jewelry, appealing to both South Asian traditions and contemporary American tastes. This marks a significant milestone in Tanishq’s North American expansion.

Indian jewellery exporters are leveraging digital marketing to enhance online sales in the US to mitigate potential tariff impacts. Taking advantage of the de minimis exemption, they aim to boost ecommerce transactions by promoting direct-to-consumer sales and simplifying cross-border logistics with partners like DHL.

Adidas and Liverpool FC have agreed a multi-year partnership, making Adidas the club’s official kit partner from the 2025/26 season.
This marks their third collaboration, following successful periods from 1985-1996 and 2006-2012.
Adidas will supply kits for all teams and staff.
Both sides expressed excitement, aiming to build on their shared history and create iconic kits for fans.

Kohl’s Corp has forecasted a larger than expected decline in annual comparable sales, putting more pressure on new CEO Ashley Buchanan amidst the company’s ongoing struggles with fluctuating demand. The retailer anticipates a 4 per cent to 6 per cent drop in 2025 same-store sales, surpassing analysts’ predictions of a 0.9 per cent decrease.