Global apparel retailer UNIQLO announced the opening of two new stores, located at Phoenix Market City, Pune (opening May,15), and Phoenix Marketcity Bangalore (opening June, 5), bringing LifeWear to more people in key urban markets.

Driven by growing customer appreciation it is for high quality, functional clothing, the new stores are part of UNIQLO’s ongoing expansion in India, bringing its LifeWear philosophy, clothing designed make everyday living better to more customers across the country.

Uniqlo will open two new stores at Phoenix Market City Pune (May 15) and Phoenix Marketcity Bengaluru (June 5), each spanning around 21,000 sq. ft.
The expansion reflects rising demand for high-quality everyday wear.
Both stores will offer the full LifeWear range and a modern shopping experience, strengthening the brand’s presence in key urban markets.

“The response from our customers in India has been incredibly encouraging, especially in cities like Pune and Bengaluru where there is a growing demand for simple, high-quality everyday clothing,” said Kenji Inoue, Chief Financial Officer and Chief Operating Officer, UNIQLO India. “With these new stores, we look forward to reaching even more customers and continuing to bring LifeWear to people across India.”

The Pune store at Phoenix Market City and the Bengaluru store at Phoenix Marketcity Bangalore will each span approximately 21,000 sq. ft., offering UNIQLO’s full range of LifeWear for men, women, and children. Designed to deliver a seamless and engaging shopping experience, both locations will feature modern store layouts alongside the brand’s signature visual identity.

Further details about the store opening, including opening date, special offers, and opening celebrations, will follow in the coming weeks.

Note: The headline, insights, and image of this press release may have been refined by the Fibre2Fashion staff; the rest of the content remains unchanged.

Fibre2Fashion News Desk (JP)

Australia’s consumer sentiment has plunged sharply in April, with the Westpac-Melbourne Institute Consumer Sentiment Index falling 12.5 per cent to 80.1 from 91.6 in March, marking the steepest monthly decline since the onset of the COVID-19 pandemic.

The drop reflects mounting pressure on households from surging fuel prices and rising interest rates, which have triggered what analysts describe as a renewed ‘cost of living’ shock. Average petrol prices rose to $2.4 per litre in early April, recording the largest increase in the survey’s history, driven in part by geopolitical tensions following the US-Israel conflict involving Iran, Westpac said in its latest report.

Australia’s consumer sentiment plunged 12.5 per cent in April to 80.1, marking the sharpest fall since COVID, as rising fuel prices and interest rates triggered a fresh cost-of-living shock.
Household finances and near-term expectations weakened significantly, while job loss fears hit a multi-year high.
Housing sentiment remained subdued, and further rate hikes are expected as inflation persists.

Matthew Hassan, head of Australian macro-forecasting at Westpac, noted that the sharp deterioration in sentiment signals consumers are bracing for a prolonged period of economic weakness similar to the 2022–24 inflationary phase. “The April sentiment drop is the biggest monthly decline since the onset of the COVID pandemic,” he said, adding that the index remains near historical lows.

All major components of the index weakened, with the most significant declines seen in current conditions. The sub-index tracking family finances compared to a year ago fell 16.7 per cent to 66.8, reflecting the heavy burden of rising fuel costs. Meanwhile, the ‘time to buy a major household item’ index dropped 15 per cent to 83.3, underscoring subdued consumer spending intentions.

Forward-looking indicators also deteriorated. Expectations for family finances over the next 12 months declined 13.9 per cent, while economic outlook expectations for the same period fell 12.4 per cent. Persistently high fuel prices, exacerbated by disruptions in the Strait of Hormuz, and expectations of further rate hikes are weighing on consumer confidence.

Concerns over borrowing costs have intensified, with the Mortgage Rate Expectations Index rising 3.9 per cent to 177.2. More than 80 per cent of respondents anticipate higher mortgage rates over the next year, with 40 per cent expecting increases exceeding one percentage point.

Labour market sentiment has also weakened notably. The Unemployment Expectations Index rose 9.7 per cent to 147.8, its highest level since August 2020 outside the pandemic peak period. Job loss fears have risen most sharply in sectors such as construction and hospitality, which are particularly sensitive to energy costs and interest rate changes.

The sentiment downturn was broad-based, with declines recorded across the majority of demographic groups, especially in regional areas and energy-sensitive industries. Despite a relatively stable medium-term outlook, the near-term shock suggests Australian households are entering another phase of financial strain.

With inflation still above the Reserve Bank of Australia’s target range and energy costs expected to remain elevated, markets anticipate a further 25 basis point rate hike at the central bank’s upcoming May policy meeting, with additional tightening likely later in the year.

Fibre2Fashion News Desk (SG)

French luxury fashion house LVMH Moet Hennessy Louis Vuitton has delivered a resilient performance in the first quarter (Q1) of 2026, navigating a complex global environment shaped by geopolitical tensions and economic uncertainty. Despite disruptions linked to the Middle East conflict, the group maintained steady momentum.

The group has reported revenue of €19.1 billion (~$22.54 billion) in Q1, a decline of 6 per cent year-on-year (YoY) due to adverse currency effects of 7 per cent. It delivered modest organic growth of 1 per cent, with the conflict alone weighing on growth by around 1 per cent during the quarter.

France’s LVMH has reported a resilient Q1 2026 performance despite geopolitical tensions and Middle East disruptions.
Revenue declined 6 per cent YoY due to currency effects, while organic growth remained marginal.
Strong demand in the US and Asia supported performance, though Fashion & Leather Goods saw a dip.
Sephora drove retail growth.
The group remains optimistic, backed by global diversification.

Regionally, performance remained mixed but broadly stable. The US recorded a strong start to the year, reflecting steady consumer demand. Europe and Japan benefited from resilient local consumption, which helped offset weaker tourist flows. Asia, excluding Japan, posted robust growth, confirming the recovery trend that began in the second half of 2025. However, the Middle East experienced a slowdown in March after a strong start, as escalating tensions disrupted consumer activity and tourism, LVMH said in a press release.

Across business segments, Fashion & Leather Goods, the group’s largest revenue contributor, declined by 2 per cent on an organic basis, impacted by the Middle East disruption. Nevertheless, leading maisons continued to reinforce brand desirability and innovation. Louis Vuitton marked the 130^th anniversary of its Monogram canvas with global activations and new flagship openings, while Dior saw strong consumer response to new collections, including designs by Jonathan Anderson. Loro Piana maintained excellent performance, and creative transitions at Celine, Loewe, Givenchy and Fendi signalled ongoing portfolio renewal.

Selective Retailing recorded organic growth of 4 per cent, driven primarily by Sephora’s continued global expansion and market share gains. The brand strengthened its presence, particularly in the United Kingdom, while DFS undertook strategic restructuring, including agreements to divest certain operations in Greater China and US airport locations. Le Bon Marché maintained its differentiation strategy through curated events and retail experiences.

Despite persistent macroeconomic uncertainty and geopolitical disruptions, LVMH remains cautiously optimistic. The group continues to focus on innovation, brand development and selective distribution, leveraging its diversified portfolio and balanced geographic exposure. Backed by strong creative momentum and sustained investment, LVMH aims to reinforce its global leadership in luxury goods throughout 2026, added the release.

Fibre2Fashion News Desk (SG)