by TANVI_MUNJAL | Dec 26, 2024 | Finance & Economy, News & Insights
2024 has seen significant government initiatives impacting various sectors in India, with positive implications for the textile industry. The Department for Promotion of Industry and Internal Trade (DPIIT) has focused on key areas including production incentives,...
by TEXTILE VALUE CHAIN | Nov 5, 2024 | Food and Beverage
Mumbai, November 5, 2024: Shubbam Sharrma has been appointed Chief Growth Officer of Pepperfry, the top e-commerce furniture and home décor company in India. Shubbam has more than 17 years of omnichannel, e-commerce, and retail experience. effectively managed...
by TEXTILE VALUE CHAIN | Sep 24, 2024 | Apparel, Fashion & Retail, News & Insights
India, September 23, 2024: According to the 54th Retail Business Survey, which was just released by the Retailers Association of India, the retail sector would rise by a moderate 2% in August 2024 compared to the same month the previous year. It explains the patterns...
by TEXTILE VALUE CHAIN | Jun 6, 2024 | Business & Policy, News & Insights
Spanish clothing company Inditex, famous for Zara, saw a 7.1% increase in sales in Q1 FY24, reaching €8.2 billion. Adjusted sales grew by 10.6%. Gross profit rose by 7.3% to €4.9 billion, with a gross margin of 60.6%. Operating expenses increased by 6.4%, below sales...
by TEXTILE VALUE CHAIN | Jun 6, 2024 | Business & Policy, News & Insights
Citi Trends saw a 3.7% increase in total sales to $186.3 million in Q1 FY24, with comparable store sales up by 3.1%. The gross margin improved to 38.7%, leading to an operating loss of $7 million ($5.6 million adjusted) and an adjusted EBITDA loss of $0.8 million. Net...
by TEXTILE VALUE CHAIN | May 23, 2024 | Finance & Economy, News & Insights
According to the Allianz Trade Global Survey 2024, exporters are feeling more optimistic this year, with 82% of companies expecting an increase in business turnover from exports. This is higher than the 70% reported in the previous year’s survey, covering 3,000...
by TEXTILE VALUE CHAIN | May 23, 2024 | Finance & Economy, News & Insights
The International Monetary Fund predicts that Italy’s GDP growth will slow down in the coming years, with disinflation persisting. They anticipate a 0.7% increase in GDP for the next two years, followed by a temporary slowdown in 2026 and 2027. This projection...
by TEXTILE VALUE CHAIN | May 8, 2024 | Business & Policy, News & Insights, Textile Industry
Revenue up 5.7 percent year-on-year to EUR 658.4 million EBITDA more than doubles year-on-year to EUR 71.4 million Free cash flow of EUR 87.3 million (compared with minus EUR 132.3 million in the first quarter of 2023) and thereby positive for the third...
by TEXTILE VALUE CHAIN | May 6, 2024 | Finance & Economy, News & Insights
Economists foresee a deceleration in the growth of factory output, indicated by the Index of Industrial Production (IIP), with a projected decrease to 4.7% in the fiscal year 2025 from the estimated 6.1% in FY24. This anticipated slowdown is attributed to the...
by TEXTILE VALUE CHAIN | May 6, 2024 | Apparel, Fashion & Retail, News & Insights
PNGS Gargi Fashion Jewellery Ltd (Gargi), a leading name in the fashion jewelry industry, has clocked a stellar financial performance for the financial year from April 2023 to March 2024. It has reported a substantial increase in annual sales, up 76.07% to Rs 50.48...
by TEXTILE VALUE CHAIN | Apr 16, 2024 | Business & Policy, Fibres and Yarns, News & Insights
Shri Sunil Patwari, Chairman Texprocil in a statement today said that the export of cotton textiles for the year 2023-2024 have reached US$ 11,683 million, growing by approx. 6.7% over the previous year. He said that this accomplishment underscores the resilience,...
by TEXTILE VALUE CHAIN | Mar 27, 2024 | News & Insights, Textile Industry
India is on the verge of another election season, and all signs point towards a probable third term for the Modi government. As the nation gears up for this dance of democracy, it’s worth reflecting on the significant strides made in the textile industry over...
