Apparels

India’s readymade garments industry is expected to see moderate revenue growth of 4-6 per cent this fiscal, compared to 6 per cent last FY24, due to sluggish domestic demand and inventory buildup.
Export revenue is predicted to rise 5-7 per cent.
Operating margins are expected to remain stable at 11.0-11.5 per cent, with credit profiles supported by modest capex and steady working capital cycles.

Sri Lanka’s shirt exports to the US have seen a consistent drop in average unit prices, declining by 11.98 per cent to $8.96 in early 2024 from $10.18 in 2022.
Export volumes and values also fell, impacted by weaker demand from US brands.
Export values decreased 29.48 per cent from 2022 to 2023, marking a significant challenge for Sri Lankan exporters amid fluctuating global market conditions.

German shoe retailer Deichmann recently announced buying the trademark rights of the Hong Kong-headquartered fashion brand Esprit.
Esprit Europe GmbH and six other German companies of the fashion group had filed for insolvency under self-administration in May this year.
Esprit said Deichmann is taking over its shoe trademark rights in the US and Europe, but not operational company shares.

BESTSELLER’s first Supply Chain Due Diligence Report provides transparency on its sourcing practices, addressing human rights, environmental, and product safety risks across 350 suppliers and 700 factories in 18 countries.
The report details BESTSELLER’s efforts to mitigate these risks, showcasing its commitment to responsible supply chain management across its +20 brands.

Skechers reported a 15.9 per cent YoY sales increase in Q3 2024 to $2.347 billion, with international and domestic growth.
Gross profit rose 14.1 per cent, while the gross margin decreased slightly due to lower average selling prices.
The company expects Q4 sales of $2.165–$2.215 billion and aims for $8.925–$8.975 billion for FY 2024, targeting $10 billion by 2026.

Bangladesh’s apparel exports to the EU reached $11.112 billion in Jan-Jul 2024, down from $11.679 billion in 2023, amid growing political unrest and student protests.
Exports fluctuated, with a sharp decline in June before recovering in July, just before Prime Minister Sheikh Hasina’s ousting.
Europe, including UK, contributed 57.41 per cent to Bangladesh’s total apparel exports in this period.

The New York state in the United States recently passed legislation (Senate Bill S1322) to specifically prohibit the sale of products containing PFAS, synthetic chemicals that are resistant to water, oil and heat, and break down slowly over time.
The piece of legislation, which takes effect from January 1 next year, will create additional PFAS regulations mandatory for the garment industry.

Adidas Originals and Dingyun Zhang have teamed up again to launch a capsule collection, featuring the new Adidas Kouza silhouette and updates to the Samba.
The Kouza, named after an East Asian ornamental plant, showcases resilience, mobility, and breathability.
With elements inspired by Adidas’ Beijing 2008 Boxing Boot, it merges tradition with innovation, paying homage to Zhang’s heritage.

Second-hand clothing sector contributed $7.6 billion to EU and UK’s GDP in 2023, supporting 150,000 jobs, including 110,000 green jobs.
A recent report highlights the sector’s role in driving sustainable growth, mainly in lower-income countries.
The report calls for supportive policies to boost the sector’s potential as a key player in building a circular economy and addressing climate goals.

Bangladesh’s export earnings grew by 6.78-per cent YoY in September to $3.51 billion and by 5.04 per cent YoY to reach $11.37 billion in Q1 FY25.
Export of garments in Q1 were worth $9.29 billion—a 5.34 per cent YoY growth.
Out of that, export of knitwear was worth $5.22 billion—a rise of 5.72 per cent YoY, while that of woven garments was worth $4.07 billion—a rise of 4.85 per cent YoY.