Fashion
European logistics demand strengthens in Q3 FY25: CBRE
This increased activity pushed the rolling 12-month aggregate up by 1.4 per cent to more than 21.5 million square metre for the first time in over a year. However, fluctuations have been minimal over this period, reflecting a stabilisation in take-up levels. Previously underperforming markets are now leading the year-on-year recovery.
European logistics take-up rose 17.4 per cent year-on-year in Q3 FY25, lifting rolling 12-month demand above 21.5 million square metre and signalling market stabilisation, led by previously weaker markets.
Net absorption remained positive but subdued, vacancy edged up to 5.5 per cent, and development activity stayed low.
Prime rents grew 3.29 per cent, driven by best-in-class assets.
Annual net absorption remained muted but positive, totalling 11.7 million sq m compared with 15.2 million sq m one year earlier.
The average vacancy rate rose again quarter-on-quarter, but only by 14 basis points to 5.5 per cent. The year-on-year comparison remains challenging, with an increase of more than 100 basis points. However, Spain now records a lower vacancy rate than at the same time last year, making it the first market where the supply response has reversed the upward trend.
Rolling 12-month completions remained stable quarter-on-quarter at 16.7 million square metre, which is 21.3 per cent below the five-year annual average. In addition, space under construction remained subdued, down 17 per cent from Q3 2024.
Annualised weighted prime rental growth increased to 3.29 per cent, driven by best-in-class developments.
Fibre2Fashion News Desk (RR)
T-shirts emerged as Thailand’s leading export category in the first ten months of ****, generating $***.*** million and accounting for **.** per cent of total apparel exports. Innerwear followed closely at $***.*** million with a **.** per cent share, though its value declined compared with the same period last year, when exports stood at $***.*** million. Trousers and shorts ranked third at $***.*** million, representing **.** per cent, followed by jerseys at $***.*** million or **.** per cent, and shirts at $***.*** million with a *.** per cent share, according to *fashion.com/market-intelligence/texpro-textile-and-apparel/” target=”_blank”>sourcing intelligence tool TexPro.
In comparison, during January–October ****, innerwear was the top export category with a **.** per cent share, highlighting a clear shift in Thailand’s export mix. On a full-year basis, Thailand’s apparel exports stood at $*.*** billion in ****, up from $*.*** billion in **** but still below the $*.*** billion recorded in ****, reflecting lingering volatility in global demand.
By
Bloomberg
Published
January 2, 2026
Saks Global Enterprises’ chief executive officer Marc Metrick is stepping down from his role as the cash-strapped high-end retailer considers its restructuring options, including a Chapter 11 bankruptcy filing.
Metrick will be replaced by the department-store chain’s executive chairman Richard Baker, according to a statement Friday. Baker will hold both the CEO and chairman roles.
Metrick is leaving the company in order to pursue new opportunities, according to the statement.
The switch-up comes as Saks is weighing a potential bankruptcy after struggling financially over the past year despite raising billions of dollars from investors to finance a turnaround plan centred on the acquisition of Neiman Marcus.
Just days ago, Bloomberg reported that Saks is seeking to negotiate a deal with creditors after skipping an interest payment totalling more than $100 million that was due to bondholders. The company is contemplating raising emergency funds, selling assets or, as a last resort, filing Chapter 11 bankruptcy.
A filing would come just months after Saks restructured its debt in June, imposing steep losses on some creditors and taking on new, senior debt in an effort to fund what it called a “transformation strategy.”
“Coming on the back of the signing of the India-Oman trade pact and the conclusion of the FTA negotiations with New Zealand earlier in December, it’s one of the best news to end what has otherwise been a very challenging year for the textile and apparel sector,” CITI chairman Ashwin Chandran said.
CITI has welcomed the Market Access Support intervention under the Export Promotion Mission, saying it will help textile and apparel exporters expand into new markets.
CITI chairman Ashwin Chandran said the move complements recent trade pacts and diversification efforts, supporting export growth, job creation, and resilience despite 50 per cent US tariffs and global headwinds.
“With the trade deals already signed by India and those on the anvil opening new opportunities, the Market Access Support intervention will provide a fillip to textile and apparel exporters to expand their presence in more countries, which, by extension, will also have a positive ripple effect on the creation of more jobs and livelihood opportunities here,” the CITI chairman added.
Under the Market Access Support Intervention, structured financial and institutional support will be provided for activities including Buyer-Seller Meets (BSMs), participation in international trade fairs and exhibitions, Mega Reverse Buyer-Seller Meets (RBSMs) organised in India, and trade delegations to priority and emerging export markets.
In July, India signed the Comprehensive Economic and Trade Agreement with the United Kingdom. Talks are also ongoing on an FTA with the European Union, besides a Bilateral Trade Agreement with the United States.
The CITI chairman said the trade data for November 2025 has demonstrated the resilience of the Indian exporting community to hold its ground despite global headwinds. “November 2025 proved that the diversification strategy has started yielding results. The full benefits of the diversification strategy will be evident once all the measures under the Export Promotion Mission are rolled out,” he added.
India’s textile and apparel sector has been hit hard by the 50 per cent US tariff, effective August 27, 2025. The US is the single-largest market for India’s textile and apparel sector, contributing almost 28 per cent to the total revenue of India’s textile and apparel exporters. India’s textile and apparel exports to the US stood at nearly $11 billion in 2024-25.
India has set itself a target of creating a $350 billion textile and apparel industry by 2030, including achieving $100 billion of exports by that period.
Fibre2Fashion News Desk (KD)
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