Apparels

Vietnam has overtaken China as the largest supplier of jackets and blazers to the United States by 2025, despite an overall decline in imports.
Vietnam’s exports rose to $288.17 million, while China’s shipments fell sharply.
The shift highlights ongoing sourcing diversification and Vietnam’s growing strength in value-added apparel segments globally.

Ukraine’s apparel imports rose 6.39 per cent to $898.1 million in 2025, reflecting steady demand recovery.
Turkiye’s share dropped sharply, falling to 13.76 per cent from 31.26 per cent in 2023.
China remained the top supplier, while Bangladesh, Myanmar and Cambodia gained share.
Overall, sourcing is shifting towards diversified, cost-competitive Asian suppliers.

India’s platinum jewellery market is surging ahead as the fastest growing globally. Rising gold prices are pushing consumers towards platinum, which offers purity and value. Younger buyers and demand from smaller cities are fueling this trend. Platinum is becoming a strong alternative in India’s jewellery landscape.

Gold prices dropped significantly on Friday. This decline occurred as the US dollar strengthened. Concerns about rising oil prices and inflation grew following reports of additional US troops being sent to the Middle East. This situation also fueled expectations of higher interest rates. Other precious metals like silver, platinum, and palladium also saw price decreases.

Canada’s apparel imports rose 6.8 per cent to $11.64 billion in 2025, driven by higher volumes even as unit prices declined, signalling pricing pressure.
China remained the top supplier despite losing share, while Vietnam and Bangladesh gained.
The trend reflects demand recovery, supplier diversification, and intensified global sourcing competition.

PNG Jewellers achieved a significant milestone, crossing ₹10,000 crore in revenue for FY2025-26. Festive sales during Gudi Padwa saw a strong 38% year-on-year growth. Gold remained a key driver, with diamonds and silver showing exceptional performance. The company anticipates sustained momentum driven by the wedding season and market expansion.

Caleres has reported modest FY25 revenue growth, with sales rising 1.3 per cent to $2.8 billion, driven by e-commerce and international gains, despite profitability pressure.
Q4 sales grew 8.7 per cent, but losses widened due to Stuart Weitzman integration costs.
The company expects 2026 to be a recovery year, with improved margins, tariff mitigation benefits and steady earnings growth.

Torrid Holdings has reported a weak FY25, with sales falling 9.4 per cent to $1 billion and a net loss of $7 million amid margin pressure.
The company closed 151 stores and saw EBITDA decline.
Q4 performance also weakened.
Despite this, Torrid expects modest recovery in FY26, supported by optimisation efforts, improved marketing and a stronger operational foundation.

India’s Director General of Foreign Trade (DGFT) Lav Agarwal said India should target one-sixth of global apparel trade, citing its demographic advantage.
He highlighted FTAs as key growth drivers and urged exporters to scale capacity and strengthen Brand India.
Industry leaders called for policy support, MMF expansion, and collaboration to achieve the $40 billion export target by 2030.

Japan’s apparel and accessory imports surged 22.9 per cent YoY to ¥328,148 million (~$2.06 billion) in February 2026, rebounding after a slow January.
Textile yarn and fabric imports also rose sharply, while exports of these products declined.
Apparel imports accounted for 3.4 per cent of total imports, reflecting improving demand, though export trends remained mixed.