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Financial Results

Lululemon Athletica Reports Strong Q2 FY2024 Results

Textile Insights September 2, 2024

Lululemon Athletica Inc. has announced solid financial results for Q2 FY2024, ending July 28, 2024, with a 7% increase in net revenue to US$ 2.4 billion. International sales were a key driver, up 29%, while the U.S. saw a modest 1% increase. The company reported a 9% rise in gross profit to US$

Corporates

Prism Inks’ Fuzion Wins Pinnacle Award For Innovation

Textile Insights September 2, 2024

Prism Inks is thrilled to announce that its Fuzion hybrid ink has won the Printing United Alliance 2023 Pinnacle Award for New Technology. This accolade honours Prism’s innovative Fuzion ink, which combines the benefits of direct-to-film (DTF) and sublimation printing technologies. The Pinnacle Award competition, open to Printing United Alliance supplier members,

Industry

ITTA Urges Support For Technical Textiles From Ministry Of Textiles

Textile Insights September 2, 2024

The Indian Technical Textile Association (ITTA) recently met with the Union Minister of Textiles, Government of India, Giriraj Singh, in Delhi. The meeting addressed key opportunities and challenges within the Indian technical textile industry and presented several recommendations for its growth. One major challenge discussed was the availability of basic raw materials,

Sustainability

Selenis Joins Life Politex Project To Pioneer Textile Waste Recycling

Textile Insights September 2, 2024

Selenis is participating in the Life Politex project, an innovative initiative aimed at tackling textile waste from the fast fashion industry. The current linear model of textile production and fast fashion contributes significantly to textile waste, with global figures from 2020 showing 93 billion m³ of water consumption, 1.7 billion tonnes of CO2 emissions and […]

Sustainability

CITI Launches MDP On ESG For Advancing Sustainability In Textiles

Textile Insights September 2, 2024

The Confederation of Indian Textile Industry (CITI) has inaugurated its three-day residential Management Development Program (MDP) on Environmental, Social, and Governance (ESG) at the Bombay Textile Research Association (BTRA) campus. The programme aims to enhance sustainability practices within the textile industry through comprehensive training workshops. Chandrima

Economy

Siyaram’s Welcomes Ranbir Kapoor As New Brand Ambassador

Textile Insights September 2, 2024

Siyaram’s, one of India’s leading manufacturers of premium suiting and shirting fabrics and fashion apparel, has announced Bollywood superstar Ranbir Kapoor as its new brand ambassador. This strategic partnership aims to elevate the brand’s appeal among the youth, connecting with a new generation of consumers who seek style, sophistication, and an unparalleled

Corporates

PUMA Appoints Indrajeet Sen As SVP Of Sourcing

Textile Insights September 2, 2024

PUMA has named Indrajeet Sen as Senior Vice President of PUMA Group Sourcing, assuming the operational responsibilities of the Chief Sourcing Officer role. Indrajeet (Indy) Sen will oversee global sourcing and development for footwear, apparel and accessories, focusing on operations and sustainability, and will report directly to Chief Product Officer Maria Valdes. He will

Financial Results

PVH Corp Posts Strong Margins, Higher EPS For Q2 FY2024

Textile Insights September 2, 2024

PVH Corp announced its second-quarter 2024 results, delivering on its earnings guidance despite a 6% revenue decline to US$ 2.074 billion. This decrease includes a 3% impact from the sale of the Heritage Brands women’s intimates business in late 2023. Stefan Larsson, CEO, highlighted the company’s successful execution of the PVH+ Plan, leading to strong […]

Sustainability

UPM Earns Platinum Rating From EcoVadis For Sustainability Excellence

Textile Insights September 2, 2024

UPM has been awarded a prestigious platinum rating by EcoVadis, reflecting the company’s outstanding sustainability performance across four critical areas: environment, labour and human rights, ethics, and sustainable procurement. This top-tier rating places UPM among the elite one per cent of the 130,000 global companies assessed by EcoVadis. UPM achieved a

Corporates

Oerlikon Celebrates 20 Years Of e-save Sustainability

Textile Insights September 2, 2024

Oerlikon marks two decades of its e-save sustainability programme, achieving over 15 million tonnes of CO2 savings. Launched in 2004, e-save focuses on energy efficiency, environmental impact and ergonomics. Innovations like WINGS POY and WINGS FDY have significantly reduced energy consumption and set industry benchmarks. Oerlikon’s technology, used in half of the

Lululemon Athletica Reports Strong Q2 FY2024 Results

Prism Inks’ Fuzion Wins Pinnacle Award For Innovation

ITTA Urges Support For Technical Textiles From Ministry Of Textiles

Selenis Joins Life Politex Project To Pioneer Textile Waste Recycling

CITI Launches MDP On ESG For Advancing Sustainability In Textiles

Siyaram’s Welcomes Ranbir Kapoor As New Brand Ambassador

PUMA Appoints Indrajeet Sen As SVP Of Sourcing

UPM Earns Platinum Rating From EcoVadis For Sustainability Excellence

Oerlikon Celebrates 20 Years Of e-save Sustainability

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