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In FY23, Hanesbrands and Delta Galil showed sales declines, while Marimekko and Ludwig Beck reported growth. E-commerce giants like Showroomprivé and Zalando had mixed results, with Zalando showing moderate

In Jan-Feb 2024, Vietnams textile and garment exports increased by 13.4 per cent YoY to $5.157 billion, despite a month-on-month decline in February. The US, Japan, and South Korea were key markets.

In 2023, South Koreas apparel imports from Vietnam declined by 7.75 per cent to $3.443 billion, influenced by economic uncertainty. Despite a decrease from $3.733 billion in 2022, Vietnam remains South

A new partnership between Turkiye and WRAP aims to boost Turkiyes textile industry in the US market, focusing on sustainability standards. Despite exiting the US Generalized System of Preferences in

The fast fashion industry, which is projected to reach $150 billion by 2025, thrives on low-cost, trendy clothing, attracting consumers worldwide despite environmental concerns. France is combatting

The US Monetary Policy Report hinted at the recovery of the US economy with GDP growing in the second half of 2023 amid a partially vulnerable financial sector, which is recovering as the year progresses.

Nigeria, a key African economy, faces economic challenges despite abundant resources. Inflation, at 30 per cent, exacerbates living costs. Misguided policies and forex reserves shortage worsen the

Amazon reported robust performance in Q4 and FY23, with net sales reaching $170 billion in Q4 (up 14 per cent YoY) and $574.8 billion for FY23 (up 12 per cent YoY). Operating income for FY23 surged to

MMF based garments comprised 46.07 per cent of the UKs apparel imports from Cambodia in January-November 2023, valued at $403.453 million. Cotton apparel accounted for 37.46 per cent at $327.995 million.

In FY23, luxury brands saw varied performance. Hermes reported full-year sales rise of 21 per cent, reaching €13.4 billion, and net profit rising 28 per cent to €4.3 billion. Hugo Boss achieved record