Apparels

These restrictions will operate irrespective of any prior contract, irrevocable letter of credit, advance payment, shipment status, or any other commitment, the Directorate General of Foreign Trade (DGFT) said in a notification.

Bata’s new CEO Panos Mytaros is set to double India’s business in five years. The company will boost its brand and product relevance for a wider audience. Expect more stores, increased e-commerce, and a strong focus on sneakers for young shoppers. Bata aims for significant export growth from India. The company remains committed to mass markets.

In February, the government had restricted the imports of certain articles of platinum to curb illicit platinum blended with significant amounts of gold.

Turkiye’s apparel exports fell 2.88 per cent YoY to $2.599 billion in January-February 2026, pressured by weak EU demand, which accounts for nearly 70 per cent of shipments.
Knitted exports dipped 1.6 per cent, while woven declined 4.6 per cent.
Rising costs and currency volatility continue to erode competitiveness, extending a three-year export decline trend.

Allbirds has entered a definitive agreement to sell its intellectual property and select assets to American Exchange Group for an estimated $39 million, subject to shareholder approval.
The transaction is expected to close in the second quarter of 2026, after which the company plans to dissolve and distribute remaining net proceeds to shareholders in the third quarter, following wind-down costs.

Western sportswear markets are saturating, with legacy brands losing share to agile challengers.
Growth momentum is shifting towards Asia, particularly India, driven by rising incomes and fitness trends.
India’s low per-capita spend signals significant headroom for expansion.
However, competition is intensifying from both global entrants and emerging local D2C brands.

Nike has reported decline in Q3 FY26, with revenue at $11.3 billion, down 3 per cent YoY, reflecting DTC weakness and mixed regional trends.
Wholesale growth and modest Nike Brand gains provided some support.
Margins contracted but remained better than expected, while net income fell 35 per cent.
China weakness and broader cost pressures weighed on EBIT across regions.

Exports to the US declined by around 6% in dollar terms during the first nine months of FY26, reflecting the impact of tariff pressures on demand. This was partly offset by increased shipments to other geographies such as Europe and the UAE, the report said.

Germany’s apparel imports rebounded to $46.8 billion in 2025, surpassing the 2022 peak, driven by resilient consumer demand and stable sourcing strategies.
The growth followed a dip in 2023, with China, Bangladesh, and Turkiye leading suppliers, while diversification across Asian markets supported recovery despite ongoing economic pressures.

The government has also extended by 30 days the period for re-import of gems and jewellery exported for holding or participating in overseas exhibitions, over and above the existing applicable period.