World's Top Clothing Retailers 2020 apparel retail industry fact sheet analysis (2023)

FAQs

What is the size of the global apparel industry? ›

The cost of production rose, and consumer confidence fell. The revenue of the global apparel market was calculated to amount to 1.53 trillion U.S. dollars in 2022, a slight decrease on the previous year. However, revenue was forecast to increase in 2023, to more than 1.7 trillion dollars.

The top 10 clothing brands in the world based on their brand value ranking in 2022 are Nike, Louis Vuitton, Gucci, Chanel, Adidas, Hermès, Zara, H&M, Cartier and UNIQLO. The clothing industry, also known as the apparel market, includes clothing ranging from sportswear to business wear to daily wear to luxury products.

The fashion industry consists of four levels: the production of raw materials, principally fibres and textiles but also leather and fur; the production of fashion goods by designers, manufacturers, contractors, and others; retail sales; and various forms of advertising and promotion.

India's apparel retail market amounts to US $ 96.47 billion in 2023.

Value of the leading global apparel brands 2022

This statistic shows the value of the leading ten apparel brands worldwide in 2022. In that year, Nike was the top ranked apparel brand in the world with a brand value of approximately 33.18 billion U.S. dollars.

Amazon.com is the number one seller of clothing in the U.S., having surpassed Walmart in 2020 to earn that distinction. The e-tailing and technology giant saw its sales of clothing and footwear jump 15 percent to $41 billion last year, according to analysts at Well Fargo.

Largest Clothing Companies Research Summary

The largest clothing company in the U.S. is TJX Companies, with an annual sales of $48.55 billion.

The main trend currently is sustainability, connected with corporate social responsibility and transparency. The second major current trend is the influence of technology on production processes, sales and the relationships between buyers, suppliers and consumers.

Who is the number 1 retailer in the world? ›

As of 23 June 2022, H&M Group operates in 75 geographical markets with 4,801 stores under the various company brands, with 107,375 full-time equivalent positions. H&M is the second largest international clothing retailer.

According to a survey run during the second quarter of 2022, Hanes is the most popular clothing brand in the United States, with over three quarters of respondents giving a positive opinion on the brand. Fruit of the Loom and Levi's made up the top three, both with scores over 70 percent.

Most of us can easily list off the 3Rs — Reduce, Reuse, Recycle — as they've been part of school curriculum for over 3 decades now, but our global fashion consumption problem is so off the charts, it's time for a few more Rs — Research, Repurpose, Repair & Rent!

Kelly shared her Rule of Four lesson publicly when signups were open for the May course, so some of you may have seen it. The goal is to have at least four accessories or points of interest to every outfit.

Manufacturers now have the opportunity to sell their products across a much larger platform than before, which means they can expand their customer base geographically. This will boost the growth of the apparel manufacturing industry.

Revenue in the Apparel market amounts to US$343.70bn in 2023. The market is expected to grow annually by 1.96% (CAGR 2023-2027). The market's largest segment is the segment Women's Apparel with a market volume of US$179.70bn in 2023.

This statistic shows the U.S. merchant wholesalers' gross margin as a share of sales of apparel, piece goods, and notions from 1993 to 2021. In 2021, the gross margin's share of sales of apparel, piece goods, and notions in U.S. wholesale amounted to 39.6 percent.

Who is the most influential person in the fashion industry? ›

Designer Paul Poiret (1879 – 1944) led the fashion world in the first decade of the 20th century. This extract from his 1931 autobiography, 'King of Fashion', tells of his meteoric rise to fame, designing dresses for the esteemed Parisian couturier, House of Worth.

The 8 biggest trends for the retail industry

Automation can enhace customer experience. Customers want to engage with brands. Social and mobile commerce are two of the biggest digital trends in the retail industry - and they're booming. Experiential retail experiences are rapidly evolving.

The food retail market has traditionally been dominanted by the 'big four' supermarkets -Tesco, Sainsbury's, Asda and Morrisons - who made up over three quarters of sector market share in 2010. Tesco is the largest retailer in Great Britain, with a market share of 27.5% at the end of 2022.

Who are the three largest retailers? ›

This statistic depicts the estimated revenue of the apparel market in 2022, by country. In that year, the apparel market revenue in the United States amounted to approximately 312 billion U.S. dollars, making it the larget market in the world.

With 18% growth in the last year resulting in an eye-watering brand value of $220 billion, Amazon is a clear winner as the world's most valuable brand—towering over Google and Apple's brand valuations.

The business of buying clothes from manufacturers and selling them to customers is known as retail. Retailers make initial purchases for resale three to six months before the customer is able to buy the clothes in-store. fashion retail.

Nevertheless, Paris has continued to produce iconic designers, including Louis Vuitton, Givenchy, Christian Louboutin, Yves Saint Laurent, Hermès, Chloé, Céline, and many more. And today, Paris is still home to 18 fashion houses.

In 2021, China was the top ranked global clothing exporter with a share of approximately 32.8 percent, followed by the European Union, Bangladesh, and Viet Nam.

Dire consequences for fashion, one of the biggest industries in the world, generating $2.5 trillion in global annual revenues before the pandemic, entails joblessness or financial hardship for people across the value chain.

The global retail fashion market is worth $1.78 trillion with just under half of that being spent in China and the USA. The global retail apparel market is worth $1.4 trillion. Footwear sales globally are worth $366 billion. India is now the fifth largest market for fashion.

This statistic shows the size of the activewear market worldwide from 2021 to 2028. In 2022, the size of the global sportswear market amounted to approximately 319.4 billion U.S. dollars. This was forecast to rise to over 450 billion dollars by 2028.

Is the apparel industry growing or declining? ›

The global apparel market grew from $610.12 billion in 2022 to $652.94 billion in 2023 at a compound annual growth rate (CAGR) of 7.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term.

The global fashion resale market is set to grow 127% by 2026 and is expanding three times faster than the wider fashion retail sector, according to ThredUp.

Not only is Nike one of the most prominent producers within this market worldwide, but the company also holds the honor of being ranked as the. Adidas, Puma, and Under Armour are some of Nike's main competitors, as they operate within the same markets.

Women make up a majority of activewear purchases, accounting for close to 60% of activewear sales. However, men aren't far behind, and the rate of growth in men's activewear sales is increasing rapidly. This trend is expanding into athleisure apparel as well.

Nike. The Beaverton giant remains the biggest sportswear brand in the world, taking more than $44 billion in revenue in 2021. Nike dominates nearly every sport, holding sponsorships with everyone from amateurs to Olympians, AAU teams to NBA squads, and everything in between.