Fashion
Finland’s Amer Sports returns back to profit; Q2 revenue rises 23%

The gross margin improved by 270 basis points (bps) to 58.5 per cent, with adjusted gross margin at 58.7 per cent. The net income improved from a loss of $4 million to a profit of $18 million, translating to diluted EPS of $0.03, while adjusted net income rose 46 per cent to $36 million, or $0.06 per share.
Amer Sports has posted strong Q2 2025 results with revenue up 23 per cent to $1.24 billion and net income at $18 million versus a loss last year.
Technical Apparel and Outdoor Performance drove growth, boosting margins.
Full-year revenue is forecast to rise 20–21 per cent, with strong segment outlooks.
Wilson CEO Joe Dudy will step down, with CFO Andrew Page appointed interim CEO.
Selling, general and administrative (SG&A) expenses increased 23 per cent to $698 million, while adjusted SG&A rose 27 per cent to $677 million. Operating profit climbed 614 per cent to $44 million, while adjusted operating profit increased 130 per cent to $67 million, supported by $19 million in government grants, Amer Sports said in a press release.
The operating margin expanded 430 bps to 3.5 per cent, with adjusted operating margin up 260 bps to 5.5 per cent. By segment, adjusted operating margin stood at 13.9 per cent for Technical Apparel, and 5.1 per cent for Outdoor Performance.
“Amer Sports’ strong momentum continued in the second quarter, as our unique portfolio of premium technical brands continues to create white space and take share in sports and outdoor markets around the world,” said James Zheng, CEO at Amer Sports. “We remain confident in our ability to manage through higher tariffs and other near-term macro uncertainties, while also ensuring that we develop each of our unique brands for high quality, long duration growth. The recent Salomon footwear acceleration, Arc’teryx’s continued momentum, and steady results from our equipment franchises position us well for another strong performance in 2025 and beyond.”
For full-year 2025, Amer Sports expects adjusted revenue growth of 20–21 per cent YoY, supported by a 100-bps foreign exchange (FX) benefit, with gross margin around 57.5 per cent and operating margin between 11.8–12.2 per cent. Adjusted EPS is projected in the range of $0.77–0.82, based on 561 million shares. Technical Apparel and Outdoor Performance are both forecast to deliver revenue growth of 22–25 per cent, with segment margins of 21 per cent and 11–11.5 per cent respectively.
For the third quarter (Q3) of 2025, the company anticipates revenue growth of around 20 per cent, including a 150-bps FX tailwind. Gross margin is projected at 56.5 per cent and operating margin between 12–13 per cent. Net finance costs are expected at $30–35 million, with an effective tax rate of 28–30 per cent. Adjusted diluted EPS is forecast in the range of $0.2–0.22.
“The inflection of Salomon footwear adds a strong second leg of growth to Arc’teryx’s already exceptional sales and margin trajectory, significantly elevating the long-term value creation potential of our portfolio of premium sports and outdoor brands,” said Andrew Page, CFO at Amer Sports.
The company stated that Wilson President and CEO Joe Dudy will step down on August 31 to pursue new opportunities but remain an advisor until March 2026. CFO Andrew Page has been named interim President and CEO while retaining his Amer Sports role and leading the Ball & Racquet segment.
Fibre2Fashion News Desk (SG)
Fashion
NITMA urges GST council to fix inverted textile duty as US tariffs hit

NITMA president Sidharth Khanna warned that the current inverted duty structure—where polyester staple fibre (PSF) is taxed at 18 per cent and polyester spun yarn (PSY) at 12 per cent while fabric is at 5 per cent—is unworkable for spinners. He urged a cut in PSF and PSY rates to 5 per cent to align with fabric.
India’s textile sector is under strain as steep US tariffs take effect today.
The Northern India Textile Mills Association (NITMA) has urged the GST Council, meeting on September 3–4, 2025, to address the inverted duty structure in the man-made fibre value chain by reducing GST on polyester staple fibre (18 per cent) and polyester spun yarn (12 per cent) to 5 per cent, aligning with fabric.
According to Khanna, the present system burdens the industry with blocked working capital in GST refunds, unutilised input tax credits, administrative delays, loss of state SGST incentives, and unfair competition from imports.
“This is a critical moment for India’s textile sector. Decisive action to remove the inverted duty structure will not only counteract the impact of US tariffs but also unlock growth and investment across the MMF value chain, thereby making this event a blessing in disguise,” Khanna stressed.
Fibre2Fashion News Desk (KD)
Fashion
CBI says UK retail sales have been weak in August

Published
August 28, 2025
A Deutsche Bank report this week has sent the share prices of a number of UK retailers down on the back of falling consumer confidence, and it looks like retailer confidence is low too if the latest CBI retail report is a guide.
First, a quick look at that Deutsche Bank report. It showed UK consumer confidence at a post-pandemic low and raised fears that autumn will be tough for discretionary retailers. Big names such as Next, M&S and Primark owner ABF saw their share prices falling with ABF’s price down as much as 6% in recent days.
It coincided with the latest CBI retailer survey that showed retail sales volumes “fell at a strong pace in the year to August, extending the downturn to an 11th consecutive month”.
That said, the business body reported retailers expecting the pace of decline to ease in September. So perhaps those share price falls may be reversed soon?
Regardless, the CBI report wasn’t exactly upbeat. It said weak demand and gloomy sentiment continue to weigh on retailers’ investment and hiring plans. Price pressures remain elevated, with selling prices rising at their fastest rate since November 2023.
Year-on-year retail sales volumes fell at a strong pace in August with a weighted balance of -32% from -34% in July. Sales are expected to decline at a slower rate next month (-16%).
First though, an explanation. Those figures don’t mean that the volume of sales fell by 34%. Instead, the weighted balance showed 34% of retailers saying their sales fell to one degree or another.
Back with the report, retail sales for the time of year were judged to be “poor”, to a somewhat greater extent than in July (-19% from -10% in July). Next month’s sales are set to remain below seasonal norms to a similar degree (-20%).
Sentiment among retailers remained poor, with their business situation expected to deteriorate over the coming quarter, but to a lesser extent than last quarter (-10% from -29% in May).
Retailers also expect to reduce capital expenditure over the next 12 months (compared to the previous 12) to a slightly lesser degree than in May (-42% from -47% in May), but intentions remain poor by historical standards (long-run average of -3%).
Meanwhile retail employment continued to decline at a broadly unchanged rate in the year to August (-14% from -15% in May). Headcount is expected to fall at a slightly quicker pace next month (-19%).
And the survey showed retail selling prices rose in the year to August at the fastest rate since November 2023 (+65% from +35% in May). Retailers anticipate selling prices to increase at a relatively slower pace in September (+43%).
Online retail sales volumes were broadly flat in the year to August (+3% from +4% in July) but are expected to contract at a fast rate in September (-35%).
Martin Sartorius, CBI Principal Economist, said of this: “Retailers endured another tough month in August. Weak demand and higher labour costs continue to put pressure on margins, dampening sentiment across the retail and wider distribution sector. This downbeat outlook is reflected in firms’ plans to scale back investment and hiring.
“The government’s fiscal decisions are continuing to bite, and retailers’ struggles send a clear signal: business cannot be asked to balance the books again at the Autumn Budget. Building business confidence through delivery must be the priority — starting with a rethink of the Employment Rights Bill, which risks piling on unnecessary costs and holding back jobs and investment.”
Copyright © 2025 FashionNetwork.com All rights reserved.
Fashion
Smythson opens at Liberty, Pulco at Harrods and Samsøe Samsøe at Selfridges

Published
August 28, 2025
Central London’s department stores continue to attract brands for pop-ups and permanent spaces with Selfridges, Harrods and Liberty all adding key names recently.
Luxury lifestyle brand Smythson of Bond Street has opened a new concession in the latter. It’s in Liberty’s homewares department on the third floor. The brand’s signature diaries, notebooks, and stationery, along with a selection of leather accessories and a curated edit of the brand’s bestselling bags are all on offer with personalisation also available.
The brands have developed an exclusive limited-edition range of Smythson x Liberty products with the first collection having just launched. There’s a selection of signature notebooks and diaries in Liberty Purple, Smythson’s Nile Blue, and a seasonal Coral colourway, each lined with a Liberty silk in coordinating colours. The second edit, launching in November, will feature a range of bestselling accessories.

Meanwhile UK-based padel apparel brand Pulco has debuted at Harrods, becoming the store’s first-ever padel clothing label, underlining the sport’s surging popularity.
Products on offer include the key Aircon shirt made from an ultra-lightweight, Italian-engineered fabric “featuring a breakthrough weave that rapidly wicks moisture from the inside out, delivering unrivalled breathability and comfort in play”.
But as well as performance-wear, there’s a full lifestyle offering “blending elevated athletic apparel with understated, off-court elegance”. That means shirts, shorts, hoodies, jackets, T-shirts, sweatpants, caps, socks and more. Retail prices range from £10 up to £165.

And back in the West End, Samsøe Samsøe has moved to a new space within Selfridges that presents the Scandinavian brand’s contemporary womenswear “within the universe of its experiential design”. The pop-up revolves around the AW25 collection that also inspires the space, “which emulates the immersive ‘Radiant Connection’ exhibition” that Samsøe Samsøe introduced the collection with during Copenhagen Fashion Week.
Set against the backdrop of the exhibition’s set design and illustrated by the lookbook imagery of the season, the pop-up “becomes illuminated with the lime green shade that defines the visual identity” of the collection.
The brand said the pop-up is a “next step within Samsøe Samsøe’s ever-increasing focus on the UK market” and should help it reach new consumers.
Copyright © 2025 FashionNetwork.com All rights reserved.
-
Tech1 week ago
Korea develops core radar components for stealth technology
-
Business1 week ago
RSS Feed Generator, Create RSS feeds from URL
-
Fashion1 week ago
Tariff pressure casts shadow on Gujarat’s textile landscape
-
Fashion7 days ago
Rent the Runway to swap debt for equity in revival effort
-
jobs1 week ago
Data Analyst at Easy Agile – Australia
-
Fashion1 week ago
US retailers split on holiday prospects amid consumer caution
-
Tech7 days ago
Qi2’s Magnetic Wireless Charging Finally Arrives on Android
-
Sports1 week ago
Dan Quinn says Terry McLaurin is healthy, ‘closer’ to Commanders return