Apparels

Joker & Witch, a popular digital brand, is now opening physical stores across India. The company plans to launch between 10 and 20 stores this year, with more to follow. Expansion is funded internally, focusing on malls for high footfall. This move marks a significant strategic phase for the brand’s growth.

Aditya Birla Lifestyle Brands Ltd achieved strong double-digit growth in the December quarter. Revenue climbed 10% to ₹2,343 crore. EBITDA saw a significant 21% jump to ₹431 crore. This performance was driven by retail, e-commerce, and wholesale channels. The company added over 90 new stores, expanding its reach. Growth momentum is expected to continue.

Indian textile and apparel exporters have welcomed the India–US trade deal, saying the cut in US tariffs to around 18 per cent gives India a 2 per cent edge over competing sourcing nations.
Industry leaders expect immediate margin relief in Q4 2025–26, stronger US orders from the next financial year, and a broader export growth cycle as buyers reassess global sourcing strategies.

India’s textile and apparel industry has welcomed the India–US trade deal as a turning point for exports, competitiveness and employment.
Industry leaders said the sharp cut in US tariffs to 18 per cent will revive capacity utilisation, attract fresh investments and strengthen India’s position as a global sourcing hub.
The agreement is expected to drive strong export growth and job creation.

Gold prices have fallen significantly today, February 2, 2026, following the Budget 2026 presentation. Leading jewellers like Tanishq, Malabar Gold and Diamonds, and Joyalukkas have reported lower rates. The India Bullion and Jewellers Association also shows a sharp decline across all gold purities. New tax rules for Sovereign Gold Bonds are also in effect.

Retail Budget 2026: India’s footwear and leather sector receives a significant boost from the latest budget. Finance Minister Nirmala Sitharaman has introduced measures like duty-free imports for shoe uppers and extended export timelines. These changes aim to enhance cost efficiency and strengthen India’s position as a global manufacturing hub.

Exciting news for India’s textile industry! Finance Minister Nirmala Sitharaman has unveiled an ambitious initiative aimed at revitalizing manufacturing. The plan highlights the importance of becoming self-sufficient in fibre production, enhancing infrastructure, equipping workers with new skills, and championing sustainable practices.

South Korea’s apparel imports declined by 1.44 per cent to $12.189 billion in 2025, reflecting softer consumer demand and cautious retail buying.
While knitted apparel imports edged up on steady demand for basics and athleisure, non-knitted categories fell amid inventory pressures.
Meanwhile, textile exports weakened due to softer global demand and rising competition from lower-cost Asian producers.

As the Union Budget 2026 nears, India’s lab-grown diamond sector is pushing for tax cuts and policy support. Industry leaders want to boost local sales and global exports. They aim to make jewellery more affordable for consumers. Strengthening manufacturing and supply chains is also a priority. These steps will help India lead the future of fine jewellery.

Nike has laid off 775 employees in the US, mainly affecting distribution centre roles in Tennessee and Mississippi, as it accelerates automation and cost-cutting. The move follows earlier job cuts under CEO Elliott Hill amid weak sales and margin pressure. The layoffs reflect capacity adjustments in logistics as Nike reshapes its workforce for long-term profitability.