Apparels

According to reports, the non-performing loan ratios of the flagship RMG and textile sectors, considered key drivers of economic growth, stand at 26 per cent and 25 per cent, respectively.
Only shipbuilding and leather reported higher NPL ratios.
The RMG sector nevertheless remains vital for Bangladesh, accounting for more than 80 per cent of the total export earnings.

Gildan Activewear has reported record Q3 2025 results with net sales of $911 million, up 2.2 per cent, and adjusted diluted EPS rising 17.6 per cent to $1.
Activewear sales grew 5.4 per cent, driving a record adjusted operating margin of 23.2 per cent.
CEO Chamandy highlighted strong execution under the GSG strategy.
The firm reaffirmed 2025 guidance and expects to close its HanesBrands merger soon.

Columbia Sportswear’s Q3 2025 net sales rose 1 per cent to $943.4 million, driven by strong Europe-direct growth offset by weaker US DTC sales.
Operating income fell 40 per cent to $67.4 million due to $29 million impairment charges.
For FY 2025, sales are forecast at $3.33–$3.37 billion and EPS at $2.55–$2.85.
The brand remains focused on global expansion and its Accelerate Growth Strategy.

Rocky Brands, Inc has reported strong Q3 2025 results, with net sales up 7 per cent YoY to $122.5 million and gross margin improving 210 bps to 40.2 per cent.
Net income rose 36.6 per cent to $7.2 million, driven by strong brand demand and pricing strategies.
Debt declined 7.5 per cent YoY, while inventories increased 12.7 per cent to support future growth.

Lenskart Solutions is set to raise over ₹7,000 crore through its upcoming IPO. The eyewear retailer aims to fund expansion and acquisitions. Despite a growing revenue and a recent profit, the company’s valuation appears high. Lenskart operates in a competitive market with a significant unorganised segment. Investors may observe financial clarity post-listing.

India has reinstated import duty exemptions for inputs used in leather and leather goods manufacturing through Notification No. 45/2025–Customs issued on October 24, 2025, effective until March 31, 2026.
The exemptions, unavailable since April, will support exporters facing weaker demand amid the US reciprocal tariff regime.
India’s leather apparel and accessories exports rose 9.24 per cent in Jan–Jul.

Germany’s Adidas has reported record revenue of €6.63 billion (~$7.69 billion) in Q3 2025, the highest in its history, as brand sales rose 12 per cent on a currency-neutral basis.
Growth was broad-based across all regions and categories, with footwear and apparel driving strong gains.
Despite currency and tariff headwinds, profitability improved, with operating profit rising 23 per cent.

Puma’s Q3 2025 sales have declined 10.4 per cent on a currency-adjusted basis to €1,955.7 million (~$2.27 billion) amid distribution clean-up, reduced wholesale exposure, and fewer e-commerce promotions.
The brand reported a net loss of €62.3 million (~$72.3 million) and a 45.2 per cent gross margin.
CEO Arthur Hoeld reaffirmed 2025 as a ‘year of reset’.

India’s gold demand fell 16% year-on-year to 209.4 tonnes in the July–September quarter, even as value rose 23% due to higher prices, according to the World Gold Council (WGC). Jewellery demand dropped 31% to 117.7 tonnes, while investment demand surged 20% to 91.6 tonnes, as consumers turned to bars and coins as a long-term asset.

Puma, the iconic German sportswear manufacturer, is bracing for a tough transition, planning to part ways with 900 employees worldwide by the close of 2026. This strategic cut comes on the heels of weak sales figures that have plagued the company, particularly marked by a steep revenue drop in the last quarter.