29 August 2025
29 August 2025
The UK Fashion and Textile Association (UKFT) has sounded a warning on the end of de minimis shipments to the US saying it will have an impact on British businesses.
Tariffs remain the top concern for US fashion sourcing executives, however China still had the biggest presence at the recent Sourcing at Magic trade show and emerging sourcing countries shared their renewed optimism for the future.
US lingerie brand Victoria's Secret & Co (VS&Co) has revised its full-year guidance for the 2025 fiscal year following a strong performance in the second quarter (Q2_ that surpassed initial expectations.
US sports retailer Foot Locker saw its total sales drop 2.4% year-over-year in Q2, however its acquisition by US retail firm Dick's Sporting Goods has received shareholder approval.
Gap has reported flat net sales of $3.73bn for the second quarter of fiscal year 2025 (Q2 FY25) and expects its margins to take a hit due to the tariff impact.
The 8th iteration of the Istanbul Fashion Connection (IFCO) witnessed a 29% growth in international visitors compared to its previous event in August 2024.
Sri Lanka recorded 9% growth in its global July apparel exports, however its exports to the US declined by 2.7% during the month on account of Trump's tariffs.
The 13th Gartex Texprocess India 2025 focused on advancements in automation and sustainable practices across the textile and apparel industry.
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