ITG Group is one of the most important textile group related to denim industry. Cone Denim is a part of the ITG group and Cone needs no introduction having being serving denim industry for over a 100 years.. In this report which is a partial reproduction from company’s own report for the 1st quarter of 2012 , it is reflected that the company has been badly affected by the economic downturn and the increase in raw material prices in 2010/11. The company is trying , through various cost ...Read More

The denim brand from U.S – True Religion – beat the impact of cotton prices , low demand and other negative factors to achieve a cool 10.2% growth in the third quarter of 2011.  The company is not depending on the domestic US market for its growth. During the quarter, True Religion said it granted the Envols International Trading Co exclusive distributorship in China and non-exclusive distributorship in Hong Kong through an agreement that extends to December 2016.  Envols, ...Read More

The improvement in denim market has started to reflect on the balance sheets of denim mills in India Arvind  Mills from India has recently declared its financial results and has shown a profit of Rs 12.25 crores(USD 2.6 million approx.) for the third quarter as against a loss of Rs 33.17 crores(USD 7.5 million) in the corresponding period last year. Though the results are strictly not comparable because of demerger of its brands and retail business, they do reflect the positive ...Read More

Tags: denim results

Adding to the constant inflow of positive news on denim sales, Gap reported 25% increase in profits as compared to the same quarter last year. The introduction of the low priced Premium Denim 1969 jeans seems to have done some good to the retailer and brought back some lost customers. Though denim jeans is not the only reason for increase in profits at Gap, but nevertheless, the performance seems impressive when seen against the backdrop of results of  two large denim companies : VF ...Read More

Tags: Denim Reports