Fashion
Wolford reports 23.4% drop in first-half sales
By
DPA
Translated by
Nazia BIBI KEENOO
Published
August 28, 2025
The Austrian luxury hosiery manufacturer Wolford reported a 23.4% drop in sales for the first half of the year on Thursday.
Compared to the previous year, revenue decreased by €10.1 million to €33.0 million (H1 2024: €43.1 million). The company attributed this mainly to the lingering impact of delivery delays and store closures that had been initiated in the previous year. Although Wolford stated that these issues were structurally resolved by the end of 2024, their effects continued to impact sales during the first quarter of 2025.
Despite the steep revenue decline, the company reduced its cost base, resulting in a relatively stable EBIT compared to last year. Recent streamlining and efficiency measures contributed to this outcome. Wolford did not disclose specific figures and plans to publish its full half-year report on 19 September.
The results should be viewed “in the context of the expected ongoing transition phase in which the company is actively implementing a comprehensive operational transformation aimed at restoring long-term resilience and profitability.” The company expects the first signs of recovery to appear in the second half of the year.
Looking ahead to 2025, Wolford — part of the Lanvin Group — said it does not anticipate trade policy or the broader economic environment to have a significant negative impact on earnings or sales for the second half or the full year.
FNW with dpa
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A CPD study identified ‘leaking revenue’ as the weakest area across all decision-making indicators.
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Netherlands manufacturing prices fall 1.9% in January
The downward movement remained closely tied to crude oil dynamics, which continue to shape industrial cost structures across energy-intensive sectors. Average North Sea Brent crude prices stood at nearly €55 per barrel in January 2026, representing a drop of more than 27 per cent from a year earlier. In comparison, December prices averaged €52.5 per barrel, marking an annual decline of almost 25 per cent, CBS said in a press release.
Dutch manufacturing output prices fell 1.9 per cent YoY in January 2026, extending December’s decline as lower crude oil costs weighed on industrial pricing.
Brent prices dropped over 27 per cent annually, pulling petroleum derivative prices down 15.8 per cent.
However, producer prices rose 0.9 per cent MoM, supported by export and domestic market gains.
Petroleum-derived products registered a sharper contraction in line with weaker crude benchmarks. Prices for petroleum derivatives fell 15.8 per cent YoY in January, following a 12 per cent decrease in December, underscoring persistent softness in refined energy product pricing.
Despite the annual decline, producer prices showed sequential improvement at the start of the year. Overall manufacturing output prices increased 0.9 per cent in January from the previous month, indicating short-term pricing stabilisation across industrial segments.
The monthly uptick was led by export markets, where prices rose 1.2 per cent, while domestic market prices increased 0.6 per cent. The divergence between YoY declines and MoM gains highlights the continued influence of last year’s elevated energy base alongside emerging signs of near-term price recovery.
Fibre2Fashion News Desk (SG)
Fashion
US cotton acreage seen falling to decade low in 2026: CoBank
Regional adjustments are anticipated to drive the contraction. Cotton acreage across the southern United States is expected to transition towards soybeans amid improved profitability prospects, while irrigated cotton areas in the Plains are likely to shift towards corn production as producers rebalance crop rotations and manage input cost pressures, CoBank said in an article by Tanner Ehmke and Emmie Noyes.
Slower US cotton export momentum to China, intensifying competition from Brazil and Australia in global markets, and continued substitution by manmade fibres have collectively restrained price recovery, limiting growers’ willingness to expand cotton area.
US cotton planted area is forecast to decline for a second straight year to about 9 million acres in 2026, down 3 per cent year on year, reflecting weak price competitiveness.
Acreage shifts towards soybeans and corn, slower exports to China, rising competition and fibre substitution are weighing on plantings.
Meanwhile, farm support payments are expected to stabilise the overall acreage decline.
Despite the projected decline, policy mechanisms are expected to provide a degree of support. Base acreage payments under farm support programmes are likely to cushion the adjustment, helping stabilise cotton plantings and preventing a sharper contraction in the 2026 season.
Fibre2Fashion News Desk (SG)
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