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Facing financial pressures, is Alok Industries on the verge of cl…

Facing financial pressures, is Alok Industries on the verge of closure?

"Alok Industries, one of the most formidable players in Indian textile space, has been reeling under financial pressure and may soon be declared bankrupt if the dues aren’t paid. The current 270-day deadline for resolution set under the insolvency code is already over and the company management is trying to get s... Read more

India’s denim segment to witness slowdown in FY18: Ind-Ra study

India’s denim segment to witness slowdown in FY18: Ind-Ra study

"India’s denim segment, with close to 10 per cent market share of the textile industry, is expected to witness deterioration in credit profile in the absence of improvements in realisations in FY18, says a recent report, ‘Stable Input Prices, Fiscal Incentives to Support Textile and Cotton in FY18’, b... Read more

Gap Inc registers satisfactory Q4 performance

Gap Inc registers satisfactory Q4 performance

"Gap Inc’s fourth quarter profits increased 3 per cent to $220 million, or 55 cents a share, and sales rose 1 per cent to $4.43 billion. Its fourth quarter same-store sales were up 2 per cent, compared with a decline of 7 per cent in the same period last year, and same-store sales for the year fell 2 per cent, co... Read more

Aditya Birla Group planning another round of rejig

Aditya Birla Group planning another round of rejig

"The $41-billion Aditya Birla Group is planning another round of corporate reorganisation to unlock value and beef up the balance sheet, after consolidating its garments business into a single entity last year according to market sources, media reports suggest."   The $41-billion Aditya Birla Gro... Read more

China’s dyestuff companies less prosperous than printing and dyei…

China’s dyestuff companies less prosperous than printing and dyeing

"China came out with the 2016 Q1 report of listed printing and dyeing companies recently. The weighted average operating revenue of five representative listed companies reached 362 million Yuan, up 14.89 per cent year on year and net profits scored at 21 million Yuan, up 4.76 per cent year on year. For 6 representative... Read more

Clothing brands relocating to Russia to take advantage of weak ru…

Clothing brands relocating to Russia to take advantage of weak ruble

"With the start of the economic crisis, many Russian retailers have started moving their production from Asian countries to Russia. With the Russian ruble still weak against major currencies, low costs are tempting some of the world’s leading clothes retailers to consider relocating their production facilities to Russi... Read more

CMAI Q2 Apparel Index clocks 6. 68 points growth, Giant Brands st…

CMAI Q2 Apparel Index clocks 6. 68 points growth, Giant Brands stay ahead

CMAI’s Apparel Index for July to September period once again confirms the industry has maintained its growth tempo with overall index value at 6.68 points. Giant and Large brands have continued their growth story much like the previous quarters and stayed ahead of the curve. They have done better with h... Read more

American Apparel claims bankruptcy not a deterrent to its future

American Apparel claims bankruptcy not a deterrent to its future

According to court documents, American Apparel fashion chain will soon have its most profitable years ever, if the company manages to achieve the bankruptcy turnaround it aims for. Heavy losses bog down the company’s growth The company, known for its sexually charged advertising campaigns, i... Read more

Iconic American clothing brands face a bleak future

Iconic American clothing brands face a bleak future

Year 2015 has been where brands such as dElia's, Wet Seal, and Quicksilver have ceased to exist. Then there are others such as Aeropostale, American Apparel, Bebe, and Pacific Sunwear that are practically on life support, and are simply waiting their demise.   What led to the downfall of these la... Read more

Kellwood's high-end brand Vince filed for IPO

Kellwood's high-end brand Vince filed for IPO

Apparel Holding Corp., Kellwood's parent company, has taken the first step to take its high-end brand Vince public. According to the apparel group's filing, the initial public offering (IPO) would be worth up to 200 million dollars. As per the company's statement, proceeds from the IPO will be used for expansion and to... Read more

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Net earnings of Skechers decline by 24 percent in Q2

Footwear maker Skechers USA Inc’s shares declined recently after same-store sales missed ... Read more

Rieter sales up 24 per cent in first half of 2018

Rieter’s sales increased 24 per cent in the first half of 2018 compared to the previous y... Read more

Levi Strauss records double digit growth

Levi Strauss’ Q2 results beat the company’s own expectations with a third straight ... Read more

Levi Strauss revenues up 17 per cent in Q2

For the Q2 Levi Strauss revenues rose 17 per cent. The San Francisco-based company delivered it... Read more

H&M Q2 sales up two per cent

For Q2 H&M’s sales including VAT increased by two per cent. Gross profit margin was 5... Read more

Chanel announces financial results for the first time.

Chanel, founded by Coco Chanel in 1910 has released its annual results for the first time in it... Read more

Burberry sales down one per cent

Burberry’s sales were down one per cent last year. Pre-tax profits grew five per cent and... Read more

Inditex registers marginal growth in net sales

The net sales of retail giant Inditex increased by only 2 per cent to reach €5.7 billion i... Read more

Inditex gross profit margin up in Q1 to year ago

Inditex gross profit margin in the first quarter was 58.9 per cent compared to 58.2 per cent a ... Read more

Lululemon net revenue up 25 per cent

For the first quarter of 2018 net revenue of Lululemon Athletica increased by 25 per cent compa... Read more

Net sales for G-III up 16 per cent

For the first quarter net sales for the New York-based G-III Apparel Group rose 16 per cent. G-... Read more

Itema turnover up 15 per cent

For the first quarter Itema’s turnover increased by 15 per cent compared to same period l... Read more

Abercrombie‘s net sales rise

Abercrombie's net sales rose nearly 11 percent to $730.9 million. The company expects its curre... Read more

US retailer PVH revises outlook

Recently, PVH the company behind typical American fashion brands has increased its full-year ea... Read more

Meccano faces financial difficulties

Meccano, a New Zealand retailer is currently in deep financial crisis as it owns its creditors ... Read more

Guess net revenue up 14 per cent

Guess net revenues for the quarter was up 14.7 per cent. In constant currency, net revenue incr... Read more

American Eagle Outfitters digital sales up 20 per cent

American Eagle Outfitters (AEO) had digital sales growth of over 20 per cent in the fourth quar... Read more

Grasim revenue up 53 per cent for full year

For the full year Grasim’s standalone revenue was up 53 per cent compared to last year. S... Read more

Buoyant quarter for Global Fashion Group

Global Fashion Group unit reported a buoyant quarter as revenue and customer numbers rose stron... Read more

Grasim Q4 net profit falls 20 per cent

For the fourth quarter Grasim’s consolidated net profit dropped 20 per cent. It had poste... Read more

Net sales fall for The Children’s Place

For the first quarter The Children’s Place net sales fell 0.1 per cent. Comparable retail... Read more

Coats thread business up four per cent

From January to April, Coats’ core thread business grew four per cent as key Asian market... Read more

Cifra production up 72 per cent

Production at Cifra, based in Italy, is up 72 per cent. The company does knitwear based on the ... Read more

Calvin Klein,Tommy Hilfigerdrive PVH

PVH has been doing extremely well, mainly because of its brands Calvin Klein and Tommy Hilfiger... Read more

New Zealand textile industry faces grim future

The New Zealand textile industry is likely to die within two years due to the increasing prefer... Read more

Etsy GMS up 19 per cent

For the first quarter Etsy’s gross merchandising sales (GMS) were up 19.8 per cent compar... Read more

Sequential adopts new standard

For the first quarter Sequential Brands has reported revenues of 38.1 million dollars and a net... Read more

L Brands net sales up eight per cent

For the first quarter, L Brands’ net sales rose eight per cent compared to the first quar... Read more

Arvind hopes for sales growth of 20 per cent

Arvind’s emerging brands have been growing steadily. Since the momentum is expected to co... Read more

Trident Q4 net revenue down six per cent

For Q4 Trident’s net revenue declined by 6.1 per cent year on year. However, it grew by 8... Read more

Gap Inc. (GPS) Expected to Post Quarterly Sales of $3.61 Billion

As per Zacks Investment Research, Wall Street brokerages have forecasted Gap Inc’s sales ... Read more

Esprit to close loss-making operations in Australia and New Zealand

Fashion group Esprit Holdings plans to shut its loss-making operations in Australia and New Zea... Read more

Alok staff wants plan accepted

Employees of debt-ridden Alok Industries have dashed off letters to the chairmen of nearly ten ... Read more

Utenos quarterly sales up 34 per cent

Sales of Utenos Trikotažas in Q1 rose 34.2 per cent over the corresponding period last year. Th... Read more

Kering’s Q1 revenues up 36 per cent

For Q1 Kering’s consolidated revenue is up 27.1 per cent on a reported and 36.5 per cent ... Read more

Puma’s Q1 net earnings up 35 per cent

For the first quarter Puma’s net earnings went up by 35.8 per cent. Double-digit sales gr... Read more

Hennes & Mauritz to cut dividend for first time since 1974

The buzz is that Hennes & Mauritz AB will probably cut dividend for the first time next yea... Read more

Uniqlo reports 35 per cent Q2 profit rise

Japan’s Fast Retailing owners of Uniqlo, posted a 35 per cent rise in second-quarter oper... Read more

Levi Strauss net revenues up 22 per cent

For Q1 Levi Strauss’ net revenues increased 22 per cent on a reported basis and 16 per ce... Read more

LVMH Q1 sales up 13 per cent

For Q1, LVMH sales rose 13 per cent on an organic basis. With this, LVMH has set an upbeat tone... Read more

Jayashree expects its Ebidta fall

Jayashree Textiles is staring at a sharp fall in profits in the current fiscal. One reason is t... Read more

Adidas defies the American curse haunting Nike and Under Armour

German sportswear brand Adidas has stated its earnings revenues were up 35 per cent in North Am... Read more

Picanol’s turnover up eight per cent in 2017, expect positive growth ahead

In 2017, Picanol’s turnover increased eight per cent compared to 2016. The group closed 2... Read more

Rieter’s order intake up 16 per cent in 2017 fiscal

Rieter’s order intake in the 2017 financial year increased 16 per cent compared to the pr... Read more

Nitin Spinners’ quarterly turnover up 30 per cent

For the quarter ended December 31, 2016, Nitin Spinners’s turnover went up 30.34 per cent... Read more

Steady progress for Oerlikon over the years

In 2017, Oerlikon delivered its targets and recorded top-line growth as well as improved operat... Read more

Gucci turnover up 41 per cent

In 2017 Gucci’s turnover was up 41.9 per cent. Over the last three years, the company has... Read more

Grasim Q3 profit hits Rs 786 crores

For the third quarter Grasim reported a consolidated net profit of Rs 786.87 crores, mainly on ... Read more