Tag: news
News
India Initiates New Committees for Textile Diversification
India’s Minister of Textiles, Giriraj Singh, recently announced the establishment of four industry-led committees aimed at expediting recommendations on market diversification, fiscal and business...
Apparel
Gildan Expands with $4.4 Billion Acquisition of HanesBrands
Gildan Activewear Inc., based in Canada, has entered into an agreement to acquire HanesBrands Inc. in a transaction valued at approximately $2.2 billion in...
Apparel
AAFA Calls for Clarity in US & China Tariff Agreements
The American Apparel and Footwear Association (AAFA) has expressed its response following President Trump’s recent executive order, which extends the temporary reduction of retaliatory...
Apparel
2025 US Tariffs Impact Clothing Prices Significantly: TBL
According to recent projections from The Budget Lab (TBL) at Yale University, the tariffs in place for 2025 are set to have a significant...
News
Skechers Reports Record Q2 Sales of $2.44 Billion, Up 13.1%
Skechers Inc., the American footwear company, has announced record-breaking sales for the second quarter of 2025, reporting revenues of $2.44 billion. This figure reflects...
Apparel
India’s Gokaldas Exports Merges with BRFL Textiles Ltd
The board of directors at Gokaldas Exports Ltd (GEX), a leading garment exporter of India based in Bengaluru, has sanctioned the merger with BRFL...
Apparel
US Clothing Sales Gain in July Ahead of Expected Tariffs
U.S. retail sales experienced a notable rebound in July 2025, as consumers capitalized on summer discounts in anticipation of upcoming tariff hikes.
According to the...
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