Apparels

Oxford Industries has reported Q1 net sales of $391 million, broadly flat YoY, while adjusted EPS declined to $1.39 due to $11 million in additional tariff costs.
Tommy Bahama delivered growth, but Lilly Pulitzer and Johnny Was sales weakened.
The company narrowed its FY26 sales outlook to $1.475-1.505 billion while maintaining confidence that lower tariffs.

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India’s textile market is set to double to ₹33 lakh crore by 2030-31. This growth will create nearly 2 crore new jobs. The government is also working to increase handloom weavers’ income to ₹5 lakh. Trade agreements are expanding, opening new export avenues. India is becoming a significant player in technical textiles.

Cambodia’s apparel exports rose 5.6 per cent YoY to $4.45 billion in January-May 2026, accounting for 31.7 per cent of total exports.
Growth was driven by both knitted and woven garments, although May shipments declined 7.3 per cent.
Cotton and cotton yarn imports surged 27.1 per cent, signalling stronger demand for cotton-based apparel production.

The United States Trade Representative (USTR) has proposed 10–12.5 per cent tariffs on 60 countries, including Bangladesh, over forced-labour concerns after Section 301 findings.
Exporters warn total US tariffs could reach ~44 per cent, hurting competitiveness.
Exporters are urging cooperation and capacity-building measures instead of punitive tariffs.

Turkiye’s Mavi has reported Q1 2026 revenue of TL 12.7 billion (~$279.4 million) and net profit of TL 543 million (~$11.95 million), despite a 2 per cent decline in sales amid weaker consumer demand.
The company posted a 19.7 per cent EBITDA margin and a TL 7 billion (~$154 million) net cash position.
Mavi added 344,000 customers and expanded its retail network.

India’s textile industry is seeing a comeback as uncertainty over US tariffs has ended. Global demand is getting better. This brings new hope for the sector with imporved industry fundamentals. Demand is becoming clearer and new trade agreements are strengthening India’s global position.

As part of its expansion strategy, the company plans to increase its store network to more than 50 outlets in the near term, with a longer-term goal of building 500 retail touchpoints over the next five years through a mix of company-owned and franchise-led formats.

Abu Dhabi Investment Authority is set to divest a 2.3% stake in Lenskart for approximately Rs 1,944 crore via a block deal. This follows SoftBank’s recent Rs 2,873 crore share sale. Despite the sale, ADIA will retain significant holdings, indicating substantial paper gains on its 2023 investment. The move comes after Lenskart’s IPO lock-in period expired.

In a massive boost to the textile industry, the Indian Governemnt has approved 96 companies under round-III of Textile PLI Scheme; which will bring a total investment of Rs 2,339.14 crore, as per the statement by the Ministry of Textiles.