Apparels

PDS Limited has reported higher FY26 revenue and profit despite global trade and demand uncertainties.
GMV rose 5 per cent YoY to ₹19,666 crore (~$2.04 billion), while consolidated topline grew 4 per cent to ₹13,110 crore (~$1.36 billion).
PAT stood at ₹178 crore (~$18.49 million), with gross margin improving to 20.6 per cent.
The company also strengthened its cash flow and reduced debt.

Brazil’s apparel imports rose 19 per cent year-on-year to $833.75 million in Q1 2026, driven mainly by strong demand for man-made fibre and knitwear products.
China further strengthened its dominance, supplying over 60 per cent of imports, highlighting Brazil’s growing dependence on Chinese sourcing despite global diversification efforts.

The total exports were $2,448.53 million (₹20,952.26 crore) in the same month in 2025, as per the data by the industry apex body GJEPC.

Sri Lanka’s apparel industry is facing mounting pressure as exports reportedly fell around 8 per cent in Q1 2026 amid weak global demand, rising fuel and electricity costs, shipping disruptions and geopolitical uncertainty.
Smaller manufacturers are being hit hardest, with industry bodies urging urgent policy support, energy reforms and stronger trade access to stabilise the sector.

United Kingdom clothing exports declined 7.87 per cent year-on-year to £655 million in January–March 2026, while textile fabric and fibre exports also weakened, according to Office for National Statistics data.
The fall reflected subdued demand in key European markets, cost pressures, and geopolitical uncertainties, although fibre shipments showed slight sequential improvement from Q4 2025.

Nigerian state-run Kwara Garment Factory has signed a pact agreement with KWS Garment Production Village, allowing the latter to manage and run the former.
A minimum of 80 per cent of the factory’s production workforce will be women and indigenes of Kwara state.
The management model has been carefully structured to protect the state’s investment while allowing private sector excellence to thrive.

UK’s clothing imports declined 3.04 per cent year-on-year to £3.95 billion during January–March 2026, while textile fabric imports also edged lower, according to Office for National Statistics data.
March clothing imports fell 6.34 per cent from a year earlier.
The figures reflected softer apparel demand after the UK recorded moderate import growth in 2025 following a sharp decline in 2023.

The transaction highlights a broader shift in the luxury sector, with conglomerates such as LVMH ​rationalizing non-core assets while specialist brand managers and manufacturers become natural buyers for “accessible luxury” and American designer names, supply chain consultant ​Brittain Ladd said.

Japanese sportswear company Asics Corporation has reported record Q1 FY26 earnings, with net sales rising 29.7 per cent YoY to ¥270.2 billion (~$1.7 billion), driven by growth across categories and regions.
Operating profit grew 36.5 per cent, while SportStyle, Onitsuka Tiger, Europe, Japan, and Southeast and South Asia led gains.
Asics maintained its FY26 sales forecast at ¥950 billion (~$5.99 billion).

Canada Goose expects low-single-digit revenue growth in FY27, with adjusted EBIT margin at 11 per cent to 12 per cent.
In Q4 FY26, revenue rose 18 per cent to CA$453.3 million (~$330.91 million), supported by DTC and wholesale growth.
Full-year revenue increased 13.3 per cent to CA$1.53 billion (~$1.12 billion), though operating income declined amid higher SG&A expenses.