Apparels

Carter’s Inc has reported net sales of $2.84 billion in FY24, down 3.4 per cent YoY, with an operating margin of 9.0 per cent.
US retail and international sales declined, while wholesale grew 0.7 per cent.
Net income fell 20.2 per cent, and diluted EPS dropped to $5.12.
The company expects FY25 sales of $2.78–$2.855 billion, with earnings weighted towards the second half.

ASOS has announced organisational changes to align with its strategy, streamline decision-making, and enhance customer focus.
Key updates include a new Commercial & Customer function, a geography-based structure, a consolidated Brand & Creative team, and a dedicated Topshop & Topman unit.
The changes, effective April 2025, aim to drive growth and strengthen ASOS’ position as a global fashion leader.

Kontoor Brands has reported a revenue of $2.61 billion in FY24, with a 44.5 per cent gross margin.
Adjusted operating income rose 9 per cent to $381 million, and adjusted EPS increased 10 per cent to $4.89.
US revenue grew 1 per cent, while international declined 5 per cent.
FY25 revenue is expected at $2.63-$2.69 billion, with 1-3 per cent growth, driven by market share gains and expansion.

Lululemon welcomes seven-time F1 champion Lewis Hamilton as its newest Ambassador.
He will collaborate on product innovation and advocacy while representing the brand’s holistic wellness approach.
Partnering with Lululemon’s Centre for Social Impact, he aims to support youth through Mission 44.
Hamilton will also feature in the “No Holding Back” campaign, showcasing men’s training apparel.

Gold prices rebounded after hitting a one-week low, driven by uncertainties from U.S. President Trump’s tariff plans, which increased demand for safe-haven bullion. Spot gold rose 0.1 per cent, while U.S. gold futures gained 0.4 per cent. The potential new tariffs on copper imports and rising U.S. inflation expectations added to economic concerns, supporting gold’s appeal.

The EU delays implementing stringent traceability rules for polished diamond imports to January 2026, easing pressure on the Indian diamond industry. This decision aligns with G7 efforts to ensure transparency in the diamond trade and prevent Russian diamonds from entering EU and G7 markets.

Cambodia’s manufacturing sector saw 9.7-per cent growth YoY in 2024, with the number of manufacturers reaching a new high of 2,316 as of November, government statistics show.
The number of manufacturing units rose by 210, or 10 per cent, over end-2023 figure.
Manufacturing in the garments, footwear and travel goods industry increased by 8.6 per cent YoY last year.

Destination XL Group (DXLG) has opened a new store in Roseville, CA, at Creekside Town Center.
This marks the brand’s first new store of the fiscal year and its eighth in the past 12 months.
The store offers Big + Tall men’s clothing with brands like Polo Ralph Lauren, Levi’s, and more, plus DXL’s FiTMAPS Sizing Technology for a perfect fit.

Titan expects its jewellery business to grow by up to 20 per cent in the upcoming financial year, driven by demand from affluent Indians. However, rising gold prices may impact profit margins, which are currently forecasted at 11 per cent to 11.5 per cent.

Adidas Originals and Sporty & Rich reunite for a varsity-inspired collection.
Led by Emily Oberg, the drop features the Handball Spezial sneaker in Navy, Green, and Maroon, with nubuck uppers, suede overlays, and gold foil branding.
Matching apparel includes crew neck sweatshirts and wide-leg track pants with co-branded embroidery and Three Stripes details.