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BUSINESS / TRADE

Türkiye faces 12.5% US Tariff as textile exporters lose ground to key rivals

Business
The new Section 301 duty could push total tariffs on some Turkish apparel towards 30%, while Bangladesh and other...

H&M and WARDROBE.NYC bring luxury capsule dressing to the mass market

Business
The 29-piece collaboration translates WARDROBE.NYC’s tightly edited, seasonless wardrobe concept into H&M-scale retail, highlighting growing demand for fewer but...

US adds 50% tariff on selected Canadian textiles from August 19

Trade
The Section 338 action reaches well beyond automobiles, exposing Canadian yarns, fabrics, nonwovens, apparel and technical-textile products to a...

Ralph Lauren raises FY2027 outlook as Asia and North America drive 14% sales growth

Business
Higher full-price selling, a 15% increase in average unit retail and surging Chinese demand are allowing Ralph Lauren to...

Türkiye’s textile exports slip 1.2% to $5.61 billion in first half of 2026

Trade
Growth in the United States and Africa partly offset weaker EU, Asian and Eastern European demand, while a strong...

Bangladesh exports reach 12-month high in July despite 0.9% annual decline

Trade
The strong month-on-month recovery reflects seasonal winter shipments, while weaker garment exports and falling order indicators keep the near-term...

Lenzing doubles net profit as it resets textile fibre business

Fibres
The cellulosic-fibre producer is sacrificing low-margin volume, expanding nonwovens and consolidating plants to restore stronger and more resilient profitability. Lenzing...

India’s luxury fashion market forecast to reach $15.2 Billion by 2034

Fashion
Rising affluence, wedding spending and international-brand expansion are enlarging the opportunity, although high duties and limited premium retail space...

China retains machinery lead as global textile investment slows

Machinery
China continued absorbing most new synthetic-yarn and knitting equipment in 2025, reinforcing its scale advantage as worldwide machinery shipments...

Next raises profit forecast to £1.24 Billion as overseas online sales jump 37%

Business
International expansion, third-party brands and effective marketing are offsetting weak store traffic, but tougher comparisons point to slower growth...

ITMA 2027 receives strong industry response

Events
ITMA 2027 has unveiled its sector plan, marking progress towards the 2027 edition as planning continues ahead of the...

Shein’s Hong Kong IPO tests investor appetite amid tariffs and regulatory probes

Business
The fast-fashion group is still growing, but weaker US sales, rising fulfilment costs and unresolved investigations are placing its...

Hugo Boss profit beats expectations despite 9% sales drop

Business
Lower sourcing costs, full-price selling and tighter inventories improved operational quality, but weak European demand and cautious wholesale orders...

ASOS and Gap deploy AI as fashion traceability rules tighten

Fashion
Artificial intelligence can accelerate document collection and risk screening, but brands still need verified supplier data, transaction records and...

39th ITMF Global Survey: Business situation weakens slightly, but the industry stays cautiously optimistic

Business
The International Textile Manufacturers Federation (ITMF) has published the results of its 39th Global Textile Industry Survey (GTIS), conducted...

Bangladesh garment exports slip 1.9% to $3.89 billion in July

Apparel
Woven apparel recorded the sharper decline as gas shortages, geopolitical uncertainty and cautious buyer demand constrained the opening month...

EU clarifies packaging liability for brands ahead of PPWR start

Environment
Brand owners may carry legal responsibility for polybags, cartons and mailers even when external suppliers physically manufacture the packaging. The...

EU imposes duties of up to 67.6% on Chinese polyamide yarn

Yarns
The measure protects European nylon-yarn producers, but may sharply raise input costs for the region’s hosiery, sportswear, swimwear and...

M&S turns Oxford Street flagship into test lab for £700 million growth strategy

Business
The Pantheon revamp combines curated fashion presentation, digital merchandising and experiential retail as Marks & Spencer prepares to modernise...

Coats holds revenue growth as weak apparel and footwear markets curb demand

Business
Market-share gains, recycled-thread sales and the OrthoLite acquisition supported results, but cautious ordering and higher financing costs continued to...
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