Apparels

Australia’s apparel and clothing imports rose 3.43 per cent YoY to $3.368 billion in July-September 2024, despite a slight drop in September.
Imports of textile yarn and related articles also increased by 4.11 per cent, while fibre imports fell 6.06 per cent.
Exports of textile fibres saw a 7.69 per cent decline, continuing a downward trend from the previous fiscal year.

HanesBrands Inc reported Q3 2024 net sales of $937 million, a 2.5 per cent drop from last year, impacted by the US Sheer Hosiery divestiture and foreign exchange rates.
Gross profit rose 12 per cent to $390 million, with a 41.7 per cent gross margin due to cost-saving measures.
Operating profit surged by 27 per cent to $103 million. International sales grew 1 per cent.

Under Armour’s Q2 FY25 performance showed an 11 per cent revenue drop to $1.4 billion, with declines in North America (13 per cent) and internationally (6 per cent).
Apparel and footwear revenues fell, while accessories rose 2 per cent.
E-commerce revenue decreased 21 per cent, but gross margin improved by 200 basis points.
FY25 outlook anticipates further revenue decline but margin improvement.

Sri Lanka’s garment exports reached $3,479 million in Jan-Sept 2024, a 4.0 per cent increase from the previous year.
However, textile exports declined by 15.9 per cent, totalling $224.3 million.
Imports of textiles and clothing rose significantly, with textiles up by 18.2 per cent.
In 2023, garment exports dropped by 19 per cent to $4,440.6 million, and textile imports fell by 22.6 per cent.

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.