Fashion
ICE cotton dips further on harvest pressure, US shutdown impact
ICE December cotton futures settled at 65.09 cents per pound, down 0.5 cent (0.8 per cent). The March contract closed at 67.04 cents, down 0.42 cent, while other contracts ended 23–50 points lower.
ICE cotton futures extended losses as rapid US harvesting and the ongoing government shutdown weighed on sentiment.
December 2025 cotton settled at 65.09 cents per pound, while trading volume slumped to 42,492 contracts.
Analysts warned prices could test 62 cents, pressured by strong harvest progress and a firmer dollar.
Meanwhile, grains gained on US–China trade optimism.
Trading volume fell sharply to 42,492 contracts from 60,821 cleared the previous day. Global market activity was limited, as China’s ZCE cotton futures remain closed until October 9 for the Mid-Autumn holidays.
The US government shutdown entered its second day but caused no major immediate market reaction, although the USDA’s weekly export sales report and the CFTC cotton on-call report were not released. A USDA spokesman confirmed that all reports and data releases are suspended during the shutdown.
Market analysts noted that cotton prices remain pressured by harvest progress and a stronger US dollar. Prices could continue trending lower and may test the 62-cent level.
The USDA’s latest crop progress report, released earlier in the week before the shutdown, showed the US cotton harvest at 16 per cent complete as of September 28, matching the five-year average.
In grains, soybeans, corn, and wheat closed higher for the second consecutive session, with soybeans rallying on optimism around US–China trade talks. President Trump emphasised soybeans as a key agenda item in his upcoming meeting with Chinese President Xi.
The US stock market extended its rally, with the Dow, S&P, and NASDAQ closing higher for the fifth consecutive session, all finishing at record highs. The S&P and NASDAQ also touched fresh intraday peaks. Overall, while equity and grain markets reflected optimism, cotton futures extended their decline for the second straight day, highlighting continued bearish pressure from harvest progress and macroeconomic uncertainties.
Currently, ICE cotton for December 2025 is trading at 65.04 cents per pound (down 0.05 cent), cash cotton at 63.09 cents (down 0.50 cent), the October 2025 contract at 62.65 cents (down 0.50 cent), the March 2026 contract at 66.98 cents (down 0.06 cent), the May 2026 contract at 68.34 cents (down 0.02 cent) and the July 2026 contract at 69.49 cents (down 0.03 cent). A few contracts remained at their previous closing levels, with no trading recorded today.
Fibre2Fashion News Desk (KUL)
By
Reuters
Published
January 9, 2026
Luxury retailer Saks Global is planning to file for Chapter 11 bankruptcy as soon as Sunday, Bloomberg News reported on Friday, citing people familiar with the matter.
The owner of New York’s century-old Fifth Avenue flagship store is preparing to file for bankruptcy without a restructuring deal in place, though it aims to craft one in the coming weeks, according to the report.
The company is also in advanced discussions on about $1.25 billion debtor-in-possession financing package with creditors, which would allow it to keep its business running during bankruptcy and pay vendor dues, the report added.
Saks Global did not immediately respond to a Reuters request for comment.
© Thomson Reuters 2026 All rights reserved.
Published
January 9, 2026
Pandora expects to deliver 6% organic growth in 2025, the Danish jewellery brand announced on Friday in its preliminary and unaudited results for 2025, falling below previous guidance of 7% to 8%.
“We delivered 6% organic growth in 2025 despite softer than expected Q4 holiday trading, particularly in North America,” said Pandora’s CEO Berta de Pablos-Barbier, the brand announced on its website on January 9. “While the year was marked by macro headwinds, it has also highlighted opportunities to sharpen execution and strengthen brand desirability.”
Pandora is eyeing a full-year operating profit of approximately 7.8 billion Danish crowns ($1.2 billion) along with an EBIT margin of around 24%, in line with its previous guidance. The North American market reported 2% like for like growth in the fourth quarter of 2025 with trading in November and December below expectations due to weakened consumer sentiment causing muted in-store traffic. Although EMEA like for like growth came in at -1% and Italy lagged, Spain, Poland, and Portugal reported strong growth, according to the business.
“As new CEO, my focus will be to navigate the current market environment, reduce our commodity exposure and course-correct in select areas to accelerate profitable growth,” said de Pablos-Barbier. “Pandora continues to pursue significant untapped growth opportunities as a full jewellery brand. Our fundamentals are strong. We are building a bigger Pandora.”
The business will announce its audited full-year 2025 results on February 5. Pandora plans to launch designs in new materials this calendar year, aiming to use high silver prices as fuel for innovation, according to de Pablos-Barbier.
Copyright © 2026 FashionNetwork.com All rights reserved.
Over the last five years Flying machine has re-established as a well-accepted brand on the digital channels. The partnership with the Flipkart group helped Flying Machine become one of the top casual wear brand on digital platforms, catering to the fashion-conscious youth of India.
Arvind Fashions Limited will acquire Flipkart Group’s stake in Arvind Youth Brands for ₹135 crore (~$15.02 million), making it a wholly owned subsidiary.
The partnership helped Flying Machine rebuild and grow as a leading youth casualwear brand on digital platforms.
The brand will remain available on Flipkart while expanding its presence across other online channels in India.
Amisha Jain, Managing Director & Chief Executive Officer of Arvind Fashions, said, “We are thankful to the Flipkart Group for their support in building Flying Machine into a brand of choice on digital channels. Our relationship with the Flipkart group will continue ensuring consumers can still shop Flying Machine on its platforms. The brand will also be available to consumers on other digital channels and portals.”
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 (RM)
The Samsung Galaxy Watch Is Discounted on Amazon
How IMAX crushed other theater stocks in 2025
Opposition to all terror outfits, not only TTP, says KP CM Sohail Afridi
-
Sports5 days agoVAR review: Why was Wirtz onside in Premier League, offside in Europe?
-
Politics5 days agoChina’s birth-rate push sputters as couples stay child-free
-
Entertainment2 days agoDoes new US food pyramid put too much steak on your plate?
-
Entertainment5 days agoMinnesota Governor Tim Walz to drop out of 2026 race, official confirmation expected soon
-
Sports5 days agoSteelers escape Ravens’ late push, win AFC North title
-
Business5 days agoAldi’s Christmas sales rise to £1.65bn
-
Business2 days agoTrump moves to ban home purchases by institutional investors
-
Sports5 days agoFACI invites applications for 2026 chess development project | The Express Tribune