Apparels

Gildan Activewear Inc reported net sales of $891 million in Q3 2024, up 2.4 per cent year-on-year, with a 370-basis point increase in gross margin to 31.2 per cent due to lower material costs.
Operating income was $193 million, impacted by expenses related to leadership changes.
Adjusted EPS for 2024 is expected between $2.97 and $3.02, up 15.5-17.5 per cent annually.

Puma reported sales of €2,308.2 million (~$2,448.7 million) in Q3 2024, up 5 per cent YoY (currency-adjusted), driven by growth in the Americas, Asia/Pacific, and EMEA.
The gross margin rose to 47.9 per cent, and DTC sales grew 17 per cent.
The company’s net income fell 3 per cent to €127.8 million (~$141.98 million) due to non-controlling interests, with an EBIT margin of 10.3 per cent.

Cambodia’s apparel exports reached $2,285 million in the first three quarters of 2024, representing 30.19 per cent of total exports.
Europe, the second-largest market, saw a decline compared to $2.82 billion in the same period in 2023.
North America was the top market with 42.18 per cent.
Total apparel exports were $11.26 billion in 2023, with Europe’s share fluctuating over recent years.

Raymond Lifestyle Limited reported a 6.2 per cent year-over-year income decline in Q2 FY25, with revenue at ₹1,735 crore (~$20.59 million).
H1 FY25 income fell by 6.8 per cent to ₹2,985 crore.
The EBITDA margin decreased from 16.6 per cent to 13.9 per cent, and PBT dropped 44.8 per cent due to weak consumer demand.
Branded Textile revenue declined, while Branded Apparel grew modestly.

Columbia Sportswear’s Q3 2024 net sales fell 5 per cent to $931.8 million, with a 12.1 per cent operating margin.
Gross margin improved to 50.2 per cent due to lower freight costs.
Net income dropped to $90.2 million, or $1.56 per share.
The company expects 2024 sales to decline 3-5 per cent, with continued focus on innovative products and youth-oriented growth strategies.

Turkiye’s apparel exports fell by 6.02 per cent YoY to $13.247 billion in January–September 2024, down from $14.096 billion in 2023.
Exports of knitted apparel decreased by 3.4 per cent, while non-knitted items saw a 9.3 per cent drop.
In September, overall exports declined 4.78 per cent.
Meanwhile, imports of non-knitted and crocheted goods rose 16.9 per cent YoY.

Xingchen Textile will invest $35.03 million to establish a textile industry in the Mongla Export Processing Zone, recycling garment wastage known as ‘jhut.’
The facility aims to produce 20,000 metric tonnes of yarn and 12,000 metric tonnes of woven fabrics annually.
An agreement was signed, with the investment expected to create 600 jobs for Bangladeshi nationals.

VF Corporation reported Q2 FY25 revenue of $2.8 billion, down 6 per cent YoY.
Gross margin improved to 52.2 per cent, while EPS rose to $0.52 from a loss last year.
Key brands faced declines, except APAC, which grew 6 per cent.
CEO Bracken Darrell cited progress on cost savings and a promising Americas platform as part of the turnaround.

Rainbow Industries debuted its range of elastic products, specialising in smoking elastics used in footwear, gloves, and socks manufacturing, at GTE 2024 in Bangalore.
Rajan Batra, Director, highlighted that the OEKO-TEX certified products meet high safety standards while being eco-friendly.
The company explored new markets and impressed attendees.

From Jan-Jul, Cambodia exported $114.512 million worth of garments to Australia, with cotton garments making up 54.67 per cent and man-made garments 36.06 per cent.
The total export value grew from $84.360 million in Jan-Jul 2023.
Other exports included wool, silk and garments made from other fibres.
Major product categories included trousers, jerseys, T-shirts, innerwear and baby wear.