Fashion
Turkish central bank cuts main policy rate by 250 bps

The bank’s monetary policy committee also lowered its overnight lending rate from 46 per cent to 43.5 per cent and the overnight borrowing rate from 41.5 per cent to 39 per cent, the bank said in a release.
Turkiye’s central bank has cut its main interest rate (the one-week repo auction rate) from 43 per cent to 40.5 per cent amid soaring inflation and rising political uncertainty.
Its monetary policy committee also lowered its overnight lending rate from 46 per cent to 43.5 per cent and the overnight borrowing rate from 41.5 per cent to 39 per cent.
The inflation target is 5 per cent in the medium term.
The bank had in April this year hiked rates to 46 per cent to cool markets following political shake-ups; it is now shifting back toward easier policy as inflation has hit above 33 per cent.
The underlying trend of inflation slowed down in August. While gross domestic product (GDP) growth was above projections in the second quarter, final domestic demand remained weak. Recent data indicate that demand conditions are at disinflationary levels.
“The tight monetary policy stance, which will be maintained until price stability is achieved, will strengthen the disinflation process through demand, exchange rate, and expectation channels. The macroeconomic framework outlined in the Medium-Term Programme will contribute to this process,” said the press release.
The committee has a 5-per cent inflation target in the medium term.
Fibre2Fashion News Desk (DS)
Fashion
US’ Zumiez sees 2.5% comparable sales growth in Q2 FY25

Selling, general and administrative (SG&A) expenses increased to $75.9 million, or 35.4 per cent of sales, compared with $72.2 million, or 34.4 per cent. The operating income reached $0.1 million, reversing an operating loss of $0.4 million in Q2 FY24.
Zumiez Inc has posted net sales of $214.3 million in Q2 FY25, up 1.9 per cent YoY, with comparable sales rising 2.5 per cent.
Net loss was $1 million, or $0.06 per share, versus $0.8 million last year.
H1 FY25 sales grew 2.9 per cent to $398.6 million, with losses narrowing to $15.3 million.
Q3-to-date sales rose 10.6 per cent, led by 13 per cent growth in North America.
Meanwhile, North American Q2 comparable sales Increased 4.2 per cent. The company reported a net loss of $1 million, or $0.06 per share, compared with a net loss of $0.8 million, or $0.04 per share, in the same quarter last fiscal. The profit before income taxes stood at $0.9 million, up from $0.6 million, supported by modest improvements in other income, Zumiez said in a press release.
Cash and marketable securities stood at $106.7 million at quarter-end, driven by $38.3 million in share repurchases and $14.1 million in capital expenditures, partly offset by $26.6 million operating cash flow. Zumiez repurchased 0.6 million shares during the quarter at an average cost of $13.1, totalling $7.8 million.
“We are encouraged with our second quarter results which exceeded expectations driven by outperformance in North America. Sales trends accelerated throughout the quarter even as we faced more difficult comparisons, underscoring the success of our recent merchandise and customer experience initiatives in what continues to be a challenging operating environment,” said Rick Brooks, chief executive officer (CEO) at Zumiez Inc.
For the first half (H1) of FY25, net sales increased 2.9 per cent to $398.6 million, while comparable sales rose 3.9 per cent. The net loss narrowed to $15.3 million, or $0.88 per share. The gross profit rose to $131.3 million, representing 32.9 per cent of sales versus 31.9 per cent last year.
SG&A expenses climbed to $151.1 million, or 37.9 per cent of sales, and operating loss narrowed slightly to $19.8 million from $20.5 million. Interest income increased to $3 million from $2.4 million, while other expenses totalled $1.9 million.
Third quarter-to-date net sales for the 30 days ending September 1, 2025, increased 10.6 per cent, compared with the 30-day period in the prior year ending September 2, 2024. The comparable sales over the same period are up 11.2 per cent led by strong comparable sales growth in North America of 13 per cent.
“We are seeing further acceleration third quarter-to-date led by an 11.2 per cent comparable sales gain during back-to-school on top of a double-digit increase in the year ago period. With back-to-school performing well, we are optimistic about our prospects for the holiday season. However, we think it is prudent to balance our current momentum with some near-term conservatism given the uncertainty around tariffs and overall consumer demand,” added Brooks.
For the third quarter (Q3) ending November 1, 2025, Zumiez expects net sales of $232–237 million, comparable sales growth of 5.5–7.5 per cent, operating margins of 2.3–3.3 per cent, and diluted EPS of $0.19–$0.29. The company also plans to open six new stores in FY2025, including up to five in North America and one in Australia.
As of August 30, 2025, Zumiez operated 730 stores worldwide, including 570 in the US, 46 in Canada, 86 in Europe and 28 in Australia, alongside its e-commerce platforms.
Fibre2Fashion News Desk (SG)
Fashion
Mikey Madison joins Dior as global brand ambassador

French multinational luxury goods company Christian Dior has announced the appointment of Oscar-winning actress Mikey Madison as its new global brand ambassador. Part of Generation Z, Madison is the first of her cohort to win an Academy Award, receiving both an Oscar and BAFTA for her breakthrough role in Sean Baker’s Anora (2024).
Christian Dior has appointed Oscar-winning Gen Z actress Mikey Madison as global brand ambassador.
Madison, the first of her generation to win an acting Oscar, said she was honoured to join under Jonathan Anderson’s creative direction.
Anderson praised her empathetic talent.
Known for Anora, Better Things, Once Upon a Time in Hollywood and Scream, Madison brings star power to Dior.
“I’m so proud and honoured to be joining the House of Dior at the start of this next chapter under Jonathan’s creative direction. Jonathan is inspiring to me as a designer because of how he tells stories with his collections and the playfulness and originality he injects into every collection,” Dior said in a LinkedIn post quoting Madison.
“Mikey Madison is an incredibly talented actress. Her empathetic approach perfectly reflects the House of Dior, and I am extremely excited to work together,” Jonathan Anderson, creative director, added.
Madison began her career in short films before rising to prominence in FX’s Better Things (2016–2022). She gained further recognition as Susan Atkins in Quentin Tarantino’s Once Upon a Time in Hollywood (2019) and Amber Freeman in Scream (2022).
Fibre2Fashion News Desk (HU)
Fashion
CAI ups India’s 2024-25 cotton output estimate to 312.40 lakh bales

According to CAI, the total cotton supply till the end of August 2025 is estimated at 383.03 lakh bales. This includes pressings of 307.09 lakh bales, imports of 36.75 lakh bales, and an opening stock of 39.19 lakh bales at the beginning of the season.
CAI has raised its 2024–25 cotton production estimate to 312.40 lakh bales of 170 kg each, up from 311.40 lakh bales earlier.
Total supply for the season is pegged at 392.59 lakh bales, with higher imports at 41 lakh bales.
Domestic consumption remains at 314 lakh bales, while exports are unchanged at 18 lakh bales, significantly lower than last season’s 28.36 lakh bales.
CAI has estimated cotton consumption up to the end of August 2025 at 286 lakh bales, while export shipments for the same period are pegged at 17 lakh bales. The ending stock at the end of August 2025 is projected at 80.03 lakh bales, comprising 35 lakh bales with textile mills and the remaining 45.03 lakh bales held by CCI, Maharashtra Federation, and others (MNCs, traders, ginners, exporters, etc), including cotton sold but not yet delivered.
For the entire 2024–25 cotton season (up to September 30, 2025), CAI has estimated total cotton supply at 392.59 lakh bales, up from the previous estimate of 389.59 lakh bales. This comprises the opening stock of 39.19 lakh bales, pressing of 312.40 lakh bales, and imports estimated at 41 lakh bales—significantly higher than the 15.20 lakh bales imported in the 2023–24 season.
However, CAI has maintained its estimate of domestic consumption at 314 lakh bales. Exports for the 2024–25 season are also unchanged at 18 lakh bales, compared with 28.36 lakh bales recorded in the 2023–24 season.
Fibre2Fashion News Desk (KUL)
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